Teekay Tankers Company Profile (NYSE:TNK)

About Teekay Tankers (NYSE:TNK)

Teekay Tankers logoTeekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company's business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. Its ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company's conventional tanker segment as part of full service lightering operations and other related services. Its operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services. Its fleet consists of approximately 60 conventional vessels (including over 10 in-chartered vessels and an approximately 50%-owned very large crude carrier (VLCC)) and approximately six ship-to-ship (STS) support vessels.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NYSE:TNK
  • CUSIP: Y8565N10
  • Web: www.teekaytankers.com
Capitalization:
  • Market Cap: $317.2 million
  • Outstanding Shares: 164,352,000
Average Prices:
  • 50 Day Moving Avg: $2.01
  • 200 Day Moving Avg: $2.26
  • 52 Week Range: $1.90 - $3.84
P/E:
  • Trailing P/E Ratio: 11.42
  • Foreward P/E Ratio: 6.89
  • P/E Growth: -30.15
Sales & Book Value:
  • Annual Revenue: $485.84 million
  • Price / Sales: 0.65
  • Book Value: $5.67 per share
  • Price / Book: 0.34
Dividend:
  • Annual Dividend: $0.12
  • Dividend Yield: 6.1%
Profitability:
  • EBIDTA: $147.51 million
  • Net Margins: 18.95%
  • Return on Equity: 13.73%
  • Return on Assets: 6.03%
Debt:
  • Debt-to-Equity Ratio: 0.89%
  • Current Ratio: 0.84%
  • Quick Ratio: 0.84%
Misc:
  • Average Volume: 1.23 million shs.
  • Beta: 2.48
  • Short Ratio: 5.81
 

Frequently Asked Questions for Teekay Tankers (NYSE:TNK)

What is Teekay Tankers' stock symbol?

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

How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?

Teekay Tankers declared a quarterly dividend on Wednesday, May 17th. Shareholders of record on Monday, May 29th will be given a dividend of $0.03 per share on Friday, June 2nd. This represents a $0.12 annualized dividend and a yield of 6.22%. The ex-dividend date is Wednesday, May 24th. View Teekay Tankers' Dividend History.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, May, 18th. The company reported $0.04 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.02. The firm earned $125.10 million during the quarter, compared to analysts' expectations of $95.97 million. Teekay Tankers had a net margin of 18.95% and a return on equity of 13.73%. The business's revenue was down 24.2% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. View Teekay Tankers' Earnings History.

Where is Teekay Tankers' stock going? Where will Teekay Tankers' stock price be in 2017?

5 analysts have issued 12 month price objectives for Teekay Tankers' stock. Their predictions range from $1.80 to $3.00. On average, they anticipate Teekay Tankers' stock price to reach $2.43 in the next twelve months. View Analyst Ratings for Teekay Tankers.

Who are some of Teekay Tankers' key competitors?

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the folowing people:

  • Arthur Bensler, Chairman of the Board
  • Kevin J. Mackay, Chief Executive Officer
  • Vincent Lok, Chief Financial Officer
  • Kenneth Hvid, Director
  • Bjorn Moller, Director
  • Richard J. F. Bronks, Independent Director
  • Richard T. du Moulin, Independent Director
  • William E Lawes, Independent Director

Who owns Teekay Tankers stock?

Teekay Tankers' stock is owned by many different of institutional and retail investors. Top institutional investors include HUBER CAPITAL MANAGEMENT LLC (9.53%), Dimensional Fund Advisors LP (3.76%), California Public Employees Retirement System (0.96%), Bank of America Corp DE (0.87%), Evergreen Capital Management LLC (0.81%) and Schroder Investment Management Group (0.76%). View Institutional Ownership Trends for Teekay Tankers.

Who sold Teekay Tankers stock? Who is selling Teekay Tankers stock?

Teekay Tankers' stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Oxford Asset Management, Evergreen Capital Management LLC, Berson & Corrado Investment Advisors LLC, Wells Fargo & Company MN, Morgan Stanley, Bank of America Corp DE and UBS Group AG. View Insider Buying and Selling for Teekay Tankers.

Who bought Teekay Tankers stock? Who is buying Teekay Tankers stock?

Teekay Tankers' stock was acquired by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Dimensional Fund Advisors LP, Acadian Asset Management LLC, Systematic Financial Management LP, Thrivent Financial For Lutherans, Geode Capital Management LLC, TIAA CREF Investment Management LLC and Lucus Advisors LLC. View Insider Buying and Selling for Teekay Tankers.

How do I buy Teekay Tankers stock?

Shares of Teekay Tankers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Teekay Tankers' stock price today?

One share of Teekay Tankers stock can currently be purchased for approximately $1.93.


MarketBeat Community Rating for Teekay Tankers (NYSE TNK)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  114 (Vote Outperform)
Underperform Votes:  195 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Teekay Tankers (NYSE:TNK) (?)
Ratings Breakdown: 2 Sell Ratings, 3 Hold Ratings
Consensus Rating:Hold (Score: 1.60)
Consensus Price Target: $2.43 (26.08% upside)

Analysts' Ratings History for Teekay Tankers (NYSE:TNK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Bank of America CorpReiterated RatingUnderperform$2.25 -> $1.80LowView Rating Details
2/22/2017Credit Suisse Group AGReiterated RatingNeutralN/AView Rating Details
10/3/2016Clarkson CapitalDowngradeBuy -> Neutral$7.00 -> $3.00N/AView Rating Details
8/26/2016Morgan StanleyReiterated RatingEqual Weight$3.60 -> $2.50N/AView Rating Details
8/8/2016DanskeReiterated RatingHold -> SellN/AView Rating Details
5/21/2016Stifel NicolausDowngradeBuy -> HoldN/AView Rating Details
5/20/2016DNB MarketsDowngradeBuy -> HoldN/AView Rating Details
5/4/2016Seaport Global SecuritiesInitiated CoverageBuy$6.00N/AView Rating Details
4/12/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
4/7/2016JPMorgan Chase & Co.UpgradeUnderweight -> Neutral$7.00 -> $5.00N/AView Rating Details
1/11/2016Barclays PLCInitiated CoverageOverweight$10.00N/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for Teekay Tankers (NYSE:TNK)
Earnings by Quarter for Teekay Tankers (NYSE:TNK)
Earnings History by Quarter for Teekay Tankers (NYSE TNK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/18/20173/31/2017$0.06$0.04$95.97 million$125.10 millionViewN/AView Earnings Details
2/23/2017Q316$0.05$0.03$102.59 million$117.70 millionViewN/AView Earnings Details
11/3/2016Q3$0.03($0.01)$93.25 million$104.60 millionViewN/AView Earnings Details
8/4/2016Q216$0.19$0.20$131.06 million$139.62 millionViewN/AView Earnings Details
5/19/2016Q116$0.37$0.29$150.94 million$165.00 millionViewListenView Earnings Details
2/18/2016Q415$0.41$0.31$152.53 million$159.30 millionViewListenView Earnings Details
11/5/2015Q315$0.35$0.30$118.77 million$122.78 millionViewN/AView Earnings Details
8/6/2015Q215$0.39$0.35$108.79 million$107.60 millionViewN/AView Earnings Details
5/14/2015Q1$0.33$0.34$96.12 million$103.90 millionViewListenView Earnings Details
2/19/2015Q4$0.17$0.21$70.54 million$75.90 millionViewN/AView Earnings Details
11/6/2014$0.05$0.03$45.86 million$53.47 millionViewN/AView Earnings Details
8/7/2014Q2($0.05)$47.47 million$44.43 millionViewN/AView Earnings Details
5/15/2014Q1 14$0.10$0.31$54.99 million$61.76 millionViewN/AView Earnings Details
2/20/2014($0.05)($0.03)ViewN/AView Earnings Details
11/7/2013Q313($0.08)($0.05)$39.62 million$39.48 millionViewN/AView Earnings Details
8/8/2013Q2 2013($0.02)($0.08)ViewN/AView Earnings Details
5/9/2013Q1 2013($0.02)($0.04)$43.05 million$44.95 millionViewN/AView Earnings Details
2/21/2013Q4 2012($0.04)($0.09)$46.74 million$45.49 millionViewN/AView Earnings Details
11/8/2012Q312($0.06)($0.09)$42.96 million$46.10 millionViewN/AView Earnings Details
8/9/2012($0.01)$0.01ViewN/AView Earnings Details
5/17/2012$0.05$0.04ViewN/AView Earnings Details
2/23/2012($0.01)($0.02)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Teekay Tankers (NYSE:TNK)
2017 EPS Consensus Estimate: $0.28
2018 EPS Consensus Estimate: $0.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.17$0.17$0.17
Q2 20171$0.02$0.02$0.02
Q3 20171$0.02$0.02$0.02
Q4 20171$0.07$0.07$0.07
Q1 20181$0.12$0.12$0.12
Q2 20181$0.13$0.13$0.13
Q3 20181$0.13$0.13$0.13
Q4 20181$0.13$0.13$0.13
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Teekay Tankers (NYSE:TNK)
Next Dividend:6/2/2017
Annual Dividend:$0.12
Dividend Yield:6.22%
Dividend Growth:35.70% (3 Year Average)
Payout Ratio:17.14% (Trailing 12 Months of Earnings)
-1,200.00% (Based on This Year's Estimates)
42.86% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Teekay Tankers (NYSE:TNK)

Dividend History by Quarter for Teekay Tankers (NYSE TNK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/17/2017quarterly$0.036.22%5/24/20175/29/20176/2/2017
2/22/2017Quarterly$0.033/2/20173/6/20173/10/2017
11/3/2016quarterly$0.035.85%11/9/201611/14/201611/18/2016
8/4/2016quarterly$0.067.97%8/11/20168/15/20168/19/2016
5/19/2016quarterly$0.0910.65%5/25/20165/30/20166/3/2016
12/14/2015quarterly$0.121.56%1/29/20162/2/20162/12/2016
10/6/2015quarterly$0.031.57%10/14/201510/16/201510/30/2015
7/7/2015quarterly$0.031.8%7/15/20157/17/20157/31/2015
4/3/2015quarterly$0.032.02%4/15/20154/17/20154/30/2015
1/5/2015quarterly$0.032.35%1/15/20151/20/20151/30/2015
10/3/2014quarterly$0.033.34%10/15/201410/17/201410/31/2014
7/3/2014quarterly$0.032.98%7/16/20147/18/20147/31/2014
4/4/2014quarterly$0.033.31%4/15/20144/17/20144/30/2014
1/3/2014quarterly$0.033.08%1/15/20141/17/20141/31/2014
10/7/2013quarterly$0.034.58%10/11/201310/16/201310/25/2013
7/9/2013quarterly$0.034.1%7/17/20137/19/20137/31/2013
5/9/2013quarterly$0.034.84%5/16/20135/20/20135/28/2013
2/20/2013quarterly$0.034.82%2/28/20133/4/20133/11/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Teekay Tankers (NYSE:TNK)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Teekay Tankers (NYSE:TNK)
Latest Headlines for Teekay Tankers (NYSE:TNK)
Source:
DateHeadline
finance.yahoo.com logoTeekay Tankers Ltd. : TNK-US: Dividend Analysis : May 29th, 2017 (record date) : By the numbers : May 25, 2017
finance.yahoo.com - May 26 at 7:50 AM
bizjournals.com logoResearch Reports on Shipping Equities -- DryShips, Scorpio Tankers, Teekay Tankers, and Diana Shipping
www.bizjournals.com - May 22 at 8:33 AM
streetinsider.com logoTeekay Tankers Ltd (TNK) Declares $0.03 Quarterly Dividend; 6.3% Yield
www.streetinsider.com - May 19 at 1:12 PM
seekingalpha.com logoTeekay Tankers' (TNK) CEO Kevin Mackay on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 19 at 1:12 PM
finance.yahoo.com logoETFs with exposure to Teekay Tankers Ltd. : May 18, 2017
finance.yahoo.com - May 19 at 1:12 PM
finance.yahoo.com logoEdited Transcript of TNK earnings conference call or presentation 18-May-17 5:00pm GMT
finance.yahoo.com - May 19 at 1:12 PM
finance.yahoo.com logoTeekay Tankers misses 1Q profit forecasts
finance.yahoo.com - May 18 at 12:39 PM
finance.yahoo.com logoNot a Single ‘Sell’ Rating for Tsakos Energy Navigation
finance.yahoo.com - May 18 at 12:39 PM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) to Issue Dividend of $0.03
www.americanbankingnews.com - May 18 at 10:52 AM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Releases Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - May 18 at 8:52 AM
feeds.benzinga.com logoTeekay Tankers Ltd. Reports First Quarter 2017 Results
feeds.benzinga.com - May 18 at 1:31 AM
americanbankingnews.com logoBank of America Corp Reaffirms "Underperform" Rating for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - May 17 at 4:02 PM
americanbankingnews.com logoZacks: Brokerages Expect Teekay Tankers Ltd. (TNK) Will Post Quarterly Sales of $101.78 Million
www.americanbankingnews.com - May 14 at 8:46 AM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Expected to Announce Earnings of $0.07 Per Share
www.americanbankingnews.com - May 13 at 12:04 AM
finance.yahoo.com logoKey Highlights from Nordic American Tankers’ 1Q17 Results
finance.yahoo.com - May 12 at 3:46 PM
finance.yahoo.com logoNordic American Tankers: Insights on the Industry’s Orderbook
finance.yahoo.com - May 12 at 3:46 PM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 5 at 8:48 AM
finance.yahoo.com logoETFs with exposure to Teekay Tankers Ltd. : May 3, 2017
finance.yahoo.com - May 3 at 6:29 PM
finance.yahoo.com logoTeekay Tankers Ltd. :TNK-US: Earnings Analysis: Q4, 2016 By the Numbers : May 2, 2017
finance.yahoo.com - May 2 at 6:16 PM
finance.yahoo.com logoIs US Oil Demand Benefiting Crude Oil Tanker Industry?
finance.yahoo.com - May 2 at 8:53 AM
finance.yahoo.com logoWhy Navios Midstream’s Latest Dividend Matters
finance.yahoo.com - May 1 at 10:55 AM
finance.yahoo.com logoAnalysts’ Recommendations for Euronav after Its 1Q17 Results
finance.yahoo.com - May 1 at 10:54 AM
finance.yahoo.com logoChina’s Oil Production and Imports Benefit Crude Tanker Industry
finance.yahoo.com - May 1 at 10:54 AM
americanbankingnews.com logoTeekay Tankers (TNK) Receives Media Sentiment Score of 0.02
www.americanbankingnews.com - April 30 at 3:48 PM
finance.yahoo.com logoWhat Analysts Recommend for Teekay Tankers
finance.yahoo.com - April 28 at 10:55 PM
americanbankingnews.com logoTeekay Tankers (TNK) Earning Somewhat Positive Press Coverage, Study Shows
www.americanbankingnews.com - April 27 at 1:08 PM
americanbankingnews.com logo Analysts Anticipate Teekay Tankers Ltd. (TNK) Will Announce Quarterly Sales of $101.78 Million
www.americanbankingnews.com - April 26 at 2:00 PM
finance.yahoo.com logoHow Analyst Recommendations for Euronav Have Changed This Year
finance.yahoo.com - April 25 at 9:16 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Teekay Tankers Ltd. (TNK) Will Announce Earnings of $0.09 Per Share
www.americanbankingnews.com - April 24 at 9:26 AM
americanbankingnews.com logoTeekay Tankers (TNK) Receiving Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 22 at 2:25 PM
finance.yahoo.com logoCrude Tanker Index Rose in Week 15
finance.yahoo.com - April 19 at 8:44 AM
americanbankingnews.com logoTeekay Tankers (TNK) Receives Daily Coverage Optimism Score of -0.22
www.americanbankingnews.com - April 15 at 12:08 PM
bizjournals.com logoTechnical Reports on Shipping Stocks -- DryShips, Scorpio, DHT Holdings, and Teekay
www.bizjournals.com - April 13 at 10:47 AM
finance.yahoo.com logoFalling Earnings Estimates Signal Weakness Ahead for Teekay Tankers (TNK)
finance.yahoo.com - April 7 at 1:02 PM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - March 14 at 7:36 PM
finance.yahoo.com logoIs Teekay Tankers (TNK) a Compelling Pick for Value Investors?
finance.yahoo.com - February 28 at 11:27 AM
seekingalpha.com logoTeekay Tankers' (TNK) CEO Kevin Mackay On Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 25 at 7:48 PM
finance.yahoo.com logoEdited Transcript of TNK earnings conference call or presentation 23-Feb-17 6:00pm GMT
finance.yahoo.com - February 24 at 11:20 AM
streetinsider.com logoTeekay Tankers Ltd (TNK) Misses Q3 EPS by 2c
www.streetinsider.com - February 23 at 10:12 PM
seekingalpha.com logoTeekay Tankers's (TNK) CEO Kevin Mackay on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 23 at 10:12 PM
us.rd.yahoo.com logoTeekay Tankers Ltd. Reports Fourth Quarter and Annual 2016 Results
us.rd.yahoo.com - February 23 at 10:12 PM
biz.yahoo.com logoQ4 2016 Teekay Tankers Ltd Earnings Release - Before Market Open
us.rd.yahoo.com - February 23 at 10:12 PM
finance.yahoo.com logo9:04 am Teekay Tankers misses by $0.02, beats on revs
finance.yahoo.com - February 23 at 10:12 PM
feeds.benzinga.com logoTeekay Tankers Declares Dividend
feeds.benzinga.com - February 23 at 1:28 AM

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Chart

Teekay Tankers (TNK) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff