NYSE:TNK Teekay Tankers Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $17.41 +0.43 (+2.53%) (As of 06/24/2022 06:40 PM ET) Add Compare Share Today's Range$16.76▼$17.5950-Day Range$14.38▼$21.6652-Week Range$9.89▼$22.10Volume579,300 shsAverage Volume392,309 shsMarket Capitalization$587.38 millionP/E RatioN/ADividend YieldN/APrice Target$20.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address TNK Stock Forecast (MarketRank)Overall MarketRank™1.80 out of 5 starsTransportation Sector101st out of 169 stocksWater Transportation Industry14th out of 24 stocksAnalyst Opinion: 2.5Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 - 2.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.00, Teekay Tankers has a forecasted upside of 14.9% from its current price of $17.41.Amount of Analyst CoverageTeekay Tankers has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Community Rank Outperform VotesTeekay Tankers has received 411 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTeekay Tankers has received 273 “underperform” votes. (Add your “underperform” vote.)Community SentimentTeekay Tankers has received 60.09% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldTeekay Tankers does not currently pay a dividend.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 28.74% of the stock of Teekay Tankers is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to grow by 65.71% in the coming year, from $0.35 to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is -2.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is -2.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 16.58. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Teekay Tankers (NYSE:TNK)Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.Read More TNK Stock News HeadlinesJune 24, 2022 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Shares Gap Down to $18.85June 17, 2022 | americanbankingnews.comClarkson Capital Reaffirms Buy Rating for Teekay Tankers (NYSE:TNK)June 10, 2022 | americanbankingnews.com Brokerages Anticipate Teekay Tankers Ltd. (NYSE:TNK) Will Post Quarterly Sales of $111.72 MillionJune 2, 2022 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Sets New 12-Month High at $21.59May 26, 2022 | finance.yahoo.comTeekay Tankers Breaks Out of a Large Base FormationMay 13, 2022 | seekingalpha.comTeekay Tankers Ltd.'s (TNK) CEO Kevin Mackay on Q1 2022 Results - Earnings Call TranscriptMay 13, 2022 | seekingalpha.comMidsize tanker rate volatility here to stay for the near term, Teekay CEO saysMay 13, 2022 | seekingalpha.comTeekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q1 2022 Results - Earnings Call TranscriptMay 13, 2022 | finance.yahoo.comTeekay (TK) Q1 2022 Earnings Call TranscriptMay 12, 2022 | finance.yahoo.comTeekay Tankers (TNK) Reports Q1 Loss, Tops Revenue EstimatesMay 12, 2022 | seekingalpha.comTeekay Tankers Non-GAAP EPS of -$0.41, revenue of $174.02MMay 12, 2022 | apnews.comTeekay Tankers Ltd. Reports First Quarter 2022 ResultsMay 11, 2022 | seekingalpha.comTeekay Tankers Q1 2022 Earnings PreviewSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(604) 683-3529Fax441-292-3931Employees1,900Year Founded1973Company Calendar Last Earnings5/12/2022Today6/27/2022Next Earnings (Estimated)8/04/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$20.00 High Stock Price Forecast$20.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+14.9%Consensus RatingBuy Rating Score (0-4)3 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($6.95) Trailing P/E RatioN/A Forward P/E Ratio49.74 P/E Growth16.58Net Income$-242.37 million Net Margins-40.96% Pretax Margin-41.54% Return on Equity-15.05% Return on Assets-8.03% Debt Debt-to-Equity Ratio0.64 Current Ratio1.26 Quick Ratio0.92 Sales & Book Value Annual Sales$542.37 million Price / Sales1.08 Cash FlowN/A Price / Cash FlowN/A Book Value$24.85 per share Price / Book0.70Miscellaneous Outstanding Shares33,738,000Free FloatN/AMarket Cap$587.38 million OptionableOptionable Beta-0.25 Social Links Teekay Tankers Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Teekay Tankers stock. View analyst ratings for Teekay Tankers or view top-rated stocks. What is Teekay Tankers' stock price forecast for 2022? 3 equities research analysts have issued 12 month target prices for Teekay Tankers' shares. Their TNK stock forecasts range from $20.00 to $20.00. On average, they anticipate Teekay Tankers' stock price to reach $20.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View analysts' price targets for Teekay Tankers or view top-rated stocks among Wall Street analysts. How has Teekay Tankers' stock price performed in 2022? Teekay Tankers' stock was trading at $10.90 on January 1st, 2022. Since then, TNK stock has increased by 59.7% and is now trading at $17.41. View the best growth stocks for 2022 here. When is Teekay Tankers' next earnings date? Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Teekay Tankers. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) posted its quarterly earnings results on Thursday, May, 12th. The shipping company reported ($0.41) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.20. The shipping company had revenue of $174 million for the quarter, compared to the consensus estimate of $61.06 million. Teekay Tankers had a negative trailing twelve-month return on equity of 15.05% and a negative net margin of 40.96%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.65) earnings per share. View Teekay Tankers' earnings history. When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work? Teekay Tankers shares reverse split before market open 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 market closes 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. Who are Teekay Tankers' key executives? Teekay Tankers' management team includes the following people: Mr. Kevin J. Mackay, Pres & CEO (Age 53)Mr. Stewart Andrade, Chief Financial Officer (Age 49)Mr. Jim Basterfield, Head of HRMs. Edith Robinson, Corp. Sec. (Age 57)Mr. Christian Waldegrave, Director of Research & Commercial Performance Who are some of Teekay Tankers' key competitors? Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), Scorpio Tankers (STNG), Frontline (FRO), Golden Ocean Group (GOGL), SFL (SFL), Nordic American Tankers (NAT) and Teekay (TK). View all of TNK's competitors. What other stocks do shareholders of Teekay Tankers own? 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), General Electric (GE), AT&T (T), Willamette Valley Vineyards (WVVI), Intel (INTC), Ford Motor (F), JPMorgan Chase & Co. (JPM) and Cara Therapeutics (CARA). What is Teekay Tankers' stock symbol? Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK." Who are Teekay Tankers' major shareholders? Teekay Tankers' stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.90%), BlackRock Inc. (3.72%), State Street Corp (1.29%), Charles Schwab Investment Management Inc. (1.12%), Russell Investments Group Ltd. (0.95%) and Northern Trust Corp (0.80%). Which major investors are selling Teekay Tankers stock? TNK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Group One Trading L.P., PEAK6 Investments LLC, Spire Wealth Management, Ancora Advisors LLC, HAP Trading LLC, Boston Partners, and BlackRock Inc.. Which major investors are buying Teekay Tankers stock? TNK stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Charles Schwab Investment Management Inc., JPMorgan Chase & Co., Atria Wealth Solutions Inc., Connor Clark & Lunn Investment Management Ltd., American Century Companies Inc., Renaissance Technologies LLC, and Belvedere Trading LLC. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Teekay Tankers' stock price today? One share of TNK stock can currently be purchased for approximately $17.41. How much money does Teekay Tankers make? Teekay Tankers (NYSE:TNK) has a market capitalization of $587.38 million and generates $542.37 million in revenue each year. The shipping company earns $-242.37 million in net income (profit) each year or ($6.95) on an earnings per share basis. How many employees does Teekay Tankers have? Teekay Tankers employs 1,900 workers across the globe. When was Teekay Tankers founded? Teekay Tankers was founded in 1973. How can I contact Teekay Tankers? Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The official website for Teekay Tankers is www.teekay.com. The shipping company can be reached via phone at (604) 683-3529, via email at [email protected], or via fax at 441-292-3931. This page (NYSE:TNK) was last updated on 6/27/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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