Teekay Tankers - TNK Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" TNK shares.
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3 brokerages have issued 1 year price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $40.00 to $40.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
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Teekay Tankers' stock was trading at $10.90 on January 1st, 2022. Since then, TNK shares have increased by 205.4% and is now trading at $33.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, November, 4th. The shipping company reported ($1.48) earnings per share for the quarter, beating analysts' consensus estimates of ($1.63) by $0.15. The shipping company earned $115.90 million during the quarter, compared to analysts' expectations of $37.25 million. Teekay Tankers had a net margin of 5.01% and a trailing twelve-month return on equity of 5.19%. Teekay Tankers's revenue was down 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS.

Teekay Tankers shares reverse split 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.

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).

Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."

Teekay Tankers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.97%), Dimensional Fund Advisors LP (4.94%), Two Sigma Investments LP (1.59%), Two Sigma Advisers LP (1.42%), Marshall Wace LLP (1.07%) and State Street Corp (1.04%).

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.
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One share of TNK stock can currently be purchased for approximately $33.29.

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.12 billion 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.

The company employs 1,900 workers across the globe.

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.