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
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNYSE:TNK
Previous Symbol
CUSIPY8565N10
Phone441-298-2530
Debt
Debt-to-Equity Ratio1.05
Current Ratio0.99
Quick Ratio0.70
Price-To-Earnings
Trailing P/E Ratio-9.91
Forward P/E Ratio-3.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$431.18 million
Price / Sales0.68
Cash Flow$0.3003 per share
Price / Cash Flow3.63
Book Value$3.75 per share
Price / Book0.29
Profitability
EPS (Most Recent Fiscal Year)($0.11)
Net Income$-58,020,000.00
Net Margins-10.61%
Return on Equity-7.71%
Return on Assets-3.46%
Miscellaneous
Employees2,200
Outstanding Shares268,560,000
Market Cap$292.73 million
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 often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?
Teekay Tankers announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 5th will be paid a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 annualized dividend and a dividend yield of 11.01%. The ex-dividend date is Friday, March 2nd. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings results on Thursday, November, 15th. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. The shipping company earned $92.87 million during the quarter, compared to the consensus estimate of $82.95 million. Teekay Tankers had a negative return on equity of 7.71% and a negative net margin of 10.61%. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
6 brokerages have issued 1 year price objectives for Teekay Tankers' stock. Their predictions range from $1.00 to $3.00. On average, they anticipate Teekay Tankers' share price to reach $1.46 in the next twelve months. This suggests a possible upside of 33.9% from the stock's current price. View Analyst Price Targets for Teekay Tankers.
What is the consensus analysts' recommendation for Teekay Tankers?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 4 hold ratings and 2 buy ratings 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 headlines about TNK stock have been trending somewhat positive on Sunday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Teekay Tankers earned a news impact score of 0.8 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
Are investors shorting Teekay Tankers?
Teekay Tankers saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,446,951 shares, a decline of 36.1% from the October 31st total of 2,264,311 shares. Based on an average trading volume of 2,205,841 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company's stock are sold short. View Teekay Tankers' Current Options Chain.
Who are some of Teekay Tankers' key competitors?
Some companies that are related to Teekay Tankers include Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), Tidewater (TDW), Hoegh LNG Partners (HMLP), International Seaways (INSW), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG), Hornbeck Offshore Services (HOS), Odyssey Marine Exploration (OMEX), EuroDry (EDRY) and Caspian Services (CSSV).
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Mr. Kevin J. Mackay, Pres & CEO (Age 49)
- Mr. Stewart Andrade, Chief Financial Officer (Age 45)
- Mr. Jim Basterfield, Head of HR
- Mr. Raymond McNamara, Head of Ship Management
- Mr. Kenneth Hvid, Director (Age 50)
Who are Teekay Tankers' major shareholders?
Teekay Tankers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.24%), Huber Capital Management LLC (5.28%), BlueMountain Capital Management LLC (2.16%), Dimensional Fund Advisors LP (1.44%), Renaissance Technologies LLC (1.02%) and Wells Fargo & Company MN (0.32%).
Which institutional investors are selling Teekay Tankers stock?
TNK stock was sold by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Huber Capital Management LLC, Rhumbline Advisers, Dimensional Fund Advisors LP, Wells Fargo & Company MN, Corrado Advisors LLC and TIAA CREF Investment Management LLC.
Which institutional investors are buying Teekay Tankers stock?
TNK stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Panagora Asset Management Inc. and JPMorgan Chase & Co..
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 $1.09.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $292.73 million and generates $431.18 million in revenue each year. The shipping company earns $-58,020,000.00 in net income (profit) each year or ($0.11) 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.
