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

$16.55
+1.85 (+12.59 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$14.04
Now: $16.55
$16.60
50-Day Range
$12.30
MA: $17.48
$23.68
52-Week Range
$7.44
Now: $16.55
$25.74
Volume1.34 million shs
Average Volume841,017 shs
Market Capitalization$555.58 million
P/E RatioN/A
Dividend YieldN/A
Beta1.36
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. Read More…

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
CUSIPY8565N10
Phone441-298-2530

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$755.76 million
Cash Flow$2.48 per share
Book Value$28.21 per share

Profitability

Net Income$-52,550,000.00

Miscellaneous

Employees2,100
Market Cap$555.58 million
Next Earnings Date5/28/2020 (Estimated)
OptionableOptionable

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Teekay Tankers (NYSE:TNK) Frequently Asked Questions

What is Teekay Tankers' stock symbol?

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

When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work?

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.

How were Teekay Tankers' earnings last quarter?

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.

When is Teekay Tankers' next earnings date?

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

What price target have analysts set for TNK?

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.

What is the consensus analysts' recommendation 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.

Has Teekay Tankers been receiving favorable news coverage?

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.

Are investors shorting 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.

Who are some of Teekay Tankers' key competitors?

What other stocks do shareholders of Teekay Tankers own?

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the folowing people:
  • Mr. Kevin J. Mackay, Pres & CEO (Age 50)
  • Mr. Stewart Andrade, Chief Financial Officer (Age 46)
  • Mr. Jim Basterfield, Head of HR
  • Mr. Raymond McNamara, Head of Ship Management
  • Mr. Kenneth Hvid, Director (Age 51)

Who are Teekay Tankers' major shareholders?

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%).

Which institutional investors are selling Teekay Tankers stock?

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.

Which institutional investors are buying Teekay Tankers stock?

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.

How do I buy shares of Teekay Tankers?

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.

What is Teekay Tankers' stock price today?

One share of TNK stock can currently be purchased for approximately $16.55.

How big of a company is Teekay Tankers?

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.

What is Teekay Tankers' official website?

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

How can I contact Teekay Tankers?

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]


MarketBeat Community Rating for Teekay Tankers (NYSE TNK)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  382 (Vote Outperform)
Underperform Votes:  490 (Vote Underperform)
Total Votes:  872
MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe TNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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