NYSE:TNKTeekay Tankers Stock Price, Forecast & News

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have decreased by 14.7% and is now trading at $15.07.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
View our earnings forecast for Teekay Tankers.

Teekay Tankers Ltd. (NYSE:TNK) posted its quarterly earnings data on Thursday, May, 21st. The shipping company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.36. The shipping company had revenue of $341.90 million for the quarter, compared to the consensus estimate of $227 million. Teekay Tankers had a net margin of 13.18% and a return on equity of 16.13%. The business's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share.
View Teekay Tankers' earnings history.

Shares of Teekay Tankers reverse split on Monday, November 25th 2019. The 1-8 reverse split was announced on Wednesday, November 13th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, November 22nd 2019. An investor that had 100 shares of Teekay Tankers stock prior to the reverse split would have 13 shares after the split.

5 brokers have issued 12-month price objectives for Teekay Tankers' stock. Their forecasts range from $15.00 to $28.00. On average, they expect Teekay Tankers' stock price to reach $22.00 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
View analysts' price targets for Teekay Tankers.

Media coverage about TNK stock has been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teekay Tankers earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about Teekay Tankers.

Teekay Tankers saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,060,000 shares, an increase of 10.2% from the June 15th total of 1,870,000 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 1.2 days. Currently, 8.6% of the company's shares are sold short.
View Teekay Tankers' Current Options Chain.

Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), GasLog (GLOG) and Teekay (TK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay Tankers investors own include Laredo Petroleum (LPI), Advanced Micro Devices (AMD), Sequential Brands Group (SQBG), Willamette Valley Vineyards (WVVI), Ford Motor (F), General Electric (GE), Intel (INTC), Cara Therapeutics (CARA), AT&T (T) and Zynerba Pharmaceuticals (ZYNE).

Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."

Teekay Tankers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include UBS Group AG (0.39%), Hennessy Advisors Inc. (0.34%), Evolution Wealth Advisors LLC (0.30%), Ziegler Capital Management LLC (0.18%), Bowling Portfolio Management LLC (0.13%) and Symons Capital Management Inc. (0.03%).

TNK stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Bowling Portfolio Management LLC, and Hennessy Advisors Inc..

TNK stock was purchased by a variety of institutional investors in the last quarter, including Evolution Wealth Advisors LLC, Ziegler Capital Management LLC, Symons Capital Management Inc., and Edge Wealth Management LLC.

Shares of TNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TNK stock can currently be purchased for approximately $15.07.

Teekay Tankers has a market capitalization of $507.11 million and generates $920.97 million in revenue each year. The shipping company earns $41.36 million in net income (profit) each year or $1.91 on an earnings per share basis. Teekay Tankers employs 2,200 workers across the globe.

The official website for Teekay Tankers is www.teekay.com.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]