NYSE:TNK - Teekay Tankers Stock Price, Forecast & News

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have increased by 37.1% and is now trading at $24.23. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Tankers.

Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Teekay Tankers.

Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings data on Thursday, February, 27th. The shipping company reported $2.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.37 by $0.10. The shipping company had revenue of $303.90 million for the quarter, compared to analyst estimates of $193.64 million. Teekay Tankers had a net margin of 4.49% and a return on equity of 6.73%. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. View Teekay Tankers' earnings history.

Shares of Teekay Tankers 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 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.

4 Wall Street analysts have issued 1 year price targets for Teekay Tankers' stock. Their forecasts range from $21.00 to $28.00. On average, they expect Teekay Tankers' stock price to reach $24.33 in the next year. This suggests a possible upside of 0.4% from the stock's current price. View analysts' price targets for Teekay Tankers.

News headlines about TNK stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Teekay Tankers earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles 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 company's share price in the near term. View the latest news aboutTeekay Tankers.

Teekay Tankers saw a drop in short interest in March. As of March 13th, there was short interest totaling 899,100 shares, a drop of 5.3% from the February 27th total of 949,700 shares. Based on an average daily trading volume, of 804,400 shares, the short-interest ratio is presently 1.1 days. Approximately 3.8% of the company's shares are short sold. View Teekay Tankers' Current Options Chain.

Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Frontline (FRO), Targa Resources (TRGP), SemGroup (SEMG), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay (TK) and GasLog (GLOG).

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), Cara Therapeutics (CARA), General Electric (GE), Zynerba Pharmaceuticals (ZYNE), Ford Motor (F), Pandora Media (P) and AT&T (T).

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 investors include Renaissance Technologies LLC (3.89%), Russell Investments Group Ltd. (1.64%), Marshall Wace LLP (1.60%), State Street Corp (1.34%), Man Group plc (0.84%) and Greywolf Capital Management LP (0.80%).

TNK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, AQR Capital Management LLC, Greywolf Capital Management LP, Geode Capital Management LLC, Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., and Marshall Wace LLP.

TNK stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Man Group plc, Marshall Wace North America L.P., Boston Partners, Cubist Systematic Strategies LLC, Massachusetts Financial Services Co. MA, SG Americas Securities LLC, and Caxton Associates LP.

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 $24.23.

Teekay Tankers has a market capitalization of $813.40 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 2,100 workers across the globe. View additional information about Teekay Tankers.

The official website for Teekay Tankers is http://www.teekaytankers.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]