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AMD   76.00 (+1.12%)
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MU   63.50 (+1.11%)
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DIS   109.86 (+0.15%)
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PYPL   82.05 (+1.53%)
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T   19.88 (-0.60%)
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GE   83.33 (+2.70%)
DIS   109.86 (+0.15%)
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PFE   44.10 (-0.34%)
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NYSE:TNK

Teekay Tankers - TNK Stock Forecast, Price & News

$29.46
+0.96 (+3.37%)
(As of 01/27/2023 01:34 PM ET)
Add
Compare
Today's Range
$28.65
$29.95
50-Day Range
$26.71
$35.02
52-Week Range
$10.25
$36.61
Volume
230,337 shs
Average Volume
405,947 shs
Market Capitalization
$993.98 million
P/E Ratio
23.95
Dividend Yield
N/A
Price Target
$44.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
48.8% Upside
$44.00 Price Target
Short Interest
Healthy
3.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Teekay Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
139.38%
From $5.79 to $13.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Transportation Sector

16th out of 124 stocks

Water Transportation Industry

3rd out of 18 stocks


TNK stock logo

About Teekay Tankers (NYSE:TNK) Stock

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.

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TNK Stock News Headlines

Teekay Tankers Stock Hits New 52-Week Low (TNK)
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Teekay Tankers (NYSE:TNK) Rating Lowered to Hold at StockNews.com
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Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Gol Linhas (GOL) Tweaks 2022 Guidance, Issues 2023 View
Here's Why You Should Hold Triton (TRTN) in Your Portfolio
Air Lease (AL) Rides on Fleet Growth, Rising Expenses Ail
Teekay Tankers: Looking For A Positive Outlook In 2023
See More Headlines
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TNK Company Calendar

Last Earnings
11/03/2022
Today
1/27/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,900
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$44.00
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+49.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-242,370,000.00
Pretax Margin
5.00%

Debt

Sales & Book Value

Annual Sales
$542.37 million
Book Value
$24.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$993.98 million
Optionable
Optionable
Beta
-0.03

Social Links


Key Executives

  • Mr. Kevin J. Mackay (Age 54)
    Pres & CEO
  • Mr. Stewart Andrade (Age 50)
    Chief Financial Officer
  • Mr. Jim Basterfield
    Head of HR
  • Ms. Edith Robinson (Age 58)
    Corp. Sec.
  • Mr. Christian Waldegrave
    Director of Research & Commercial Performance













TNK Stock - 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 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNK shares.
View TNK analyst ratings
or view top-rated stocks.

What is Teekay Tankers' stock price forecast for 2023?

3 brokerages have issued 1-year price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $44.00 to $44.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests a possible upside of 54.4% 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 2023?

Teekay Tankers' stock was trading at $30.81 on January 1st, 2023. Since then, TNK stock has decreased by 7.5% and is now trading at $28.50.
View the best growth stocks for 2023 here
.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a decline in short interest in December. As of December 15th, there was short interest totaling 961,000 shares, a decline of 29.9% from the November 30th total of 1,370,000 shares. Based on an average trading volume of 504,800 shares, the short-interest ratio is currently 1.9 days. Approximately 4.0% of the shares of the stock are sold short.
View Teekay Tankers' Short Interest
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, November, 3rd. The shipping company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by $0.11. The shipping company earned $144.37 million during the quarter, compared to analyst estimates of $154.19 million. Teekay Tankers had a trailing twelve-month return on equity of 5.19% and a net margin of 5.01%.

When did Teekay Tankers' stock split?

Teekay Tankers's stock 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 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).

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 a variety of retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.63%), Ronald Blue Trust Inc. (0.00%) and Allspring Global Investments Holdings LLC (0.01%).

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 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 $28.50.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $957.49 million and generates $542.37 million in revenue each year. The shipping company earns $-242,370,000.00 in net income (profit) each year or $1.23 on an earnings per share basis.

How many employees does Teekay Tankers have?

The company employs 1,900 workers across the globe.

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 the company is www.teekay.com. The shipping company can be reached via phone at (604) 683-3529, via email at investor.relations@teekay.com, or via fax at 441-292-3931.

This page (NYSE:TNK) was last updated on 1/27/2023 by MarketBeat.com Staff