Teekay Tankers Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Teekay Tankers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNK, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Teekay Tankers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Teekay Tankers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Teekay Tankers saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,090,000 shares, a drop of 12.8% from the June 30th total of 1,250,000 shares. Based on an average daily volume of 455,700 shares, the days-to-cover ratio is presently 2.4 days. Approximately 4.5% of the company's stock are short sold.
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Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Teekay Tankers.

Teekay Tankers will be holding an earnings conference call on Thursday, August 5th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, May, 13th. The shipping company reported ($0.65) EPS for the quarter, topping the consensus estimate of ($0.79) by $0.14. The shipping company earned $142.80 million during the quarter, compared to the consensus estimate of $70.37 million. Teekay Tankers had a positive trailing twelve-month return on equity of 1.89% and a negative net margin of 5.95%. The firm's revenue was down 58.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.27 earnings per share.
View Teekay Tankers' earnings history.

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have decreased by 28.4% and is now trading at $12.65.
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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 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 equities research analysts have issued twelve-month price objectives for Teekay Tankers' stock. Their forecasts range from $14.00 to $22.00. On average, they expect Teekay Tankers' share price to reach $17.00 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
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Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golden Ocean Group (GOGL), Golar LNG (GLNG), Scorpio Tankers (STNG), SFL (SFL), Nordic American Tankers (NAT) and Teekay (TK).
View all of TNK's competitors.

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."

Shares of TNK 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 $12.65.

Teekay Tankers has a market capitalization of $426.79 million and generates $886.43 million in revenue each year. The shipping company earns $87.32 million in net income (profit) each year or $4.54 on an earnings per share basis.

Teekay Tankers employs 2,100 workers across the globe.

Teekay Tankers was founded in 1973.

The official website for Teekay Tankers is www.teekay.com.

Teekay Tankers is headquartered at 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08.

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]