Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. As of December 31, 2017, it operated a fleet of 52 owned conventional tankers, 4 conventional tankers related to capital leases, 1 in-chartered vessel, and 1 jointly-owned very large crude carrier; and 6 ship-to-ship support vessels. The company's vessels operated under fixed-rate time charter contracts with its customers. Teekay Tankers Ltd. was founded in 2007 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Phone441-298-2530
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$755.76 million
Profitability
Miscellaneous
Employees2,200
Next Earnings Date5/16/2019 (Estimated)
OptionableOptionable
Teekay Tankers (NYSE:TNK) Frequently Asked Questions
What is Teekay Tankers' stock symbol?
Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) posted its quarterly earnings data on Thursday, February, 21st. The shipping company reported $0.05 EPS for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.03. The shipping company had revenue of $129.10 million for the quarter, compared to analyst estimates of $116.66 million. Teekay Tankers had a negative net margin of 6.95% and a negative return on equity of 5.74%. The company's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
5 brokerages have issued 1 year target prices for Teekay Tankers' stock. Their predictions range from $1.00 to $1.30. On average, they anticipate Teekay Tankers' stock price to reach $1.0750 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for Teekay Tankers.
What is the consensus analysts' recommendation for Teekay Tankers?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay Tankers.
Has Teekay Tankers been receiving favorable news coverage?
News coverage about TNK stock has trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Teekay Tankers earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
Who are some of Teekay Tankers' key competitors?
Some companies that are related to Teekay Tankers include GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Tidewater (TDW), Golden Ocean Group (GOGL), Hoegh LNG Partners (HMLP), KNOT Offshore Partners (KNOP), International Seaways (INSW), Teekay Offshore Partners (TOO), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG), Odyssey Marine Exploration (OMEX), Hornbeck Offshore Services (HOS), EuroDry (EDRY) and Caspian Services (CSSV).
What other stocks do shareholders of Teekay Tankers own?
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Mr. Kevin J. Mackay, Pres & CEO (Age 50)
- Mr. Stewart Andrade, Chief Financial Officer (Age 46)
- Mr. Jim Basterfield, Head of HR
- Mr. Raymond McNamara, Head of Ship Management
- Mr. Kenneth Hvid, Director (Age 51)
Who are Teekay Tankers' major shareholders?
Teekay Tankers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.31%), Dimensional Fund Advisors LP (1.39%), Dimensional Fund Advisors LP (1.39%), GSA Capital Partners LLP (0.72%), Geode Capital Management LLC (0.25%) and Geode Capital Management LLC (0.25%).
Which major investors are selling Teekay Tankers stock?
TNK stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and New York State Common Retirement Fund.
Which major investors are buying Teekay Tankers stock?
TNK stock was bought by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, 683 Capital Management LLC, Wedbush Securities Inc., Weiss Multi Strategy Advisers LLC, BlackRock Inc., Geode Capital Management LLC, Geode Capital Management LLC and Essex Financial Services Inc..
How do I buy shares of Teekay Tankers?
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, Scottrade, Fidelity and Charles Schwab.
What is Teekay Tankers' stock price today?
One share of TNK stock can currently be purchased for approximately $0.96.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $257.81 million and generates $755.76 million in revenue each year. The shipping company earns $-52,540,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Teekay Tankers employs 2,200 workers across the globe.
What is Teekay Tankers' official website?
How can I contact Teekay Tankers?
Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]
MarketBeat Community Rating for Teekay Tankers (NYSE TNK)
MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe TNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
