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

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

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 Teekay Tankers stock prior to the reverse split would have 13 shares after the split.

Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, February, 27th. The shipping company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. The shipping company earned $303.90 million during the quarter, compared to the consensus estimate of $193.64 million. Teekay Tankers had a negative return on equity of 0.49% and a negative net margin of 1.19%. The firm's revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. View Teekay Tankers' Earnings History.

Teekay Tankers is scheduled to release their next quarterly earnings announcement on Thursday, May 28th 2020. View Earnings Estimates for Teekay Tankers.

3 Wall Street analysts have issued 12-month target prices for Teekay Tankers' shares. Their forecasts range from $24.00 to $28.00. On average, they expect Teekay Tankers' share price to reach $26.00 in the next twelve months. This suggests a possible upside of 57.1% from the stock's current price. View Analyst Price Targets for Teekay Tankers.

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

News stories about TNK stock have been trending extremely negative on Saturday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Teekay Tankers earned a daily sentiment score of -4.6 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Teekay Tankers.

Teekay Tankers saw a increase in short interest in February. As of February 14th, there was short interest totalling 944,000 shares, an increase of 12.2% from the January 30th total of 841,700 shares. Based on an average trading volume of 702,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.9% of the company's stock are sold short. View Teekay Tankers' Current Options Chain.

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

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

Teekay Tankers' stock is owned by many different of institutional and retail 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 bought 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 $16.55.

Teekay Tankers has a market capitalization of $555.58 million and generates $755.76 million in revenue each year. The shipping company earns $-52,550,000.00 in net income (profit) each year or ($1.60) 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]