S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:TNK

Teekay Tankers (TNK) Stock Price, News & Analysis

$53.30
-1.44 (-2.63%)
(As of 03/4/2024 ET)
Today's Range
$53.09
$55.33
50-Day Range
$49.97
$62.55
52-Week Range
$35.00
$64.42
Volume
445,106 shs
Average Volume
504,499 shs
Market Capitalization
$1.82 billion
P/E Ratio
3.59
Dividend Yield
1.88%
Price Target
$71.67

Teekay Tankers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.5% Upside
$71.67 Price Target
Short Interest
Healthy
3.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Teekay Tankers in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-32.95%
From $13.20 to $8.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

Transportation Sector

60th out of 119 stocks

Water Transportation Industry

8th out of 19 stocks


TNK stock logo

About Teekay Tankers Stock (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; and consultancy, procurement, and equipment rental services, as well as manages terminals and vessels. As of December 31, 2022, the company owned and leased 44 double-hulled oil and product tankers, time-chartered in four Aframax/LR2 tankers, and one Suezmax tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.

TNK Stock Price History

TNK Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
TNK Apr 2024 65.000 call
Evercore ISI Trims Teekay Tankers (NYSE:TNK) Target Price to $73.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Earnings Outlook For Teekay Tankers
Teekay Tankers Q4 2023 Earnings Preview
TNK or KEX: Which Is the Better Value Stock Right Now?
TNK Mar 2024 50.000 call
TK Mar 2024 7.500 put
What's in Store for Teekay Tankers (TNK) in Q4 Earnings?
TNK vs. KEX: Which Stock Is the Better Value Option?
Teekay Tankers price target raised by $10 at Jefferies, here's why
See More Headlines
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.

Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 3/15 Dividend
3/01/2024
Today
3/05/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,750
Year Founded
1973

Price Target and Rating

Average Stock Price Target
$71.67
High Stock Price Target
$73.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+34.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$513.67 million
Pretax Margin
38.34%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$17.08 per share
Book Value
$44.74 per share

Miscellaneous

Free Float
33,452,000
Market Cap
$1.82 billion
Optionable
Optionable
Beta
-0.28

Social Links

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report














TNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

3 Wall Street 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 research analysts is that investors should "buy" TNK shares.
View TNK analyst ratings
or view top-rated stocks.

What is Teekay Tankers' stock price target for 2024?

3 brokers have issued 12-month price targets for Teekay Tankers' stock. Their TNK share price targets range from $70.00 to $73.00. On average, they expect the company's share price to reach $71.67 in the next year. This suggests a possible upside of 34.5% from the stock's current price.
View analysts price targets for TNK
or view top-rated stocks among Wall Street analysts.

How have TNK shares performed in 2024?

Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK stock has increased by 6.7% and is now trading at $53.30.
View the best growth stocks for 2024 here
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings results on Thursday, August, 3rd. The shipping company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.10. The shipping company earned $370.70 million during the quarter, compared to the consensus estimate of $242.67 million. Teekay Tankers had a trailing twelve-month return on equity of 36.16% and a net margin of 37.65%. The firm's revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share.

How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?

Teekay Tankers declared a quarterly dividend on Thursday, February 22nd. Investors of record on Monday, March 4th will be given a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for TNK
.

Is Teekay Tankers a good dividend stock?

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.83%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 11.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNK.

When did Teekay Tankers' stock split?

Teekay Tankers's stock reverse split on the morning of 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 stock prior to the reverse split would have 13 shares after the split.

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).

Who are Teekay Tankers' major shareholders?

Teekay Tankers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.93%), Principal Financial Group Inc. (2.43%), Goldman Sachs Group Inc. (1.58%), Goldman Sachs Group Inc. (1.58%), Nuveen Asset Management LLC (0.92%) and Bridgeway Capital Management LLC (0.88%).

How do I buy shares of Teekay Tankers?

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

This page (NYSE:TNK) was last updated on 3/5/2024 by MarketBeat.com Staff