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NYSE:TNKTeekay Tankers Stock Price, Forecast & News

$17.40
-1.10 (-5.95 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$17.15
Now: $17.40
$19.39
50-Day Range
$16.05
MA: $19.04
$25.18
52-Week Range
$7.68
Now: $17.40
$26.92
Volume1.68 million shs
Average Volume1.60 million shs
Market Capitalization$585.51 million
P/E Ratio4.30
Dividend YieldN/A
Beta0.28
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. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


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$920.97 million
Cash Flow$5.26 per share
Book Value$29.41 per share

Profitability

Net Income$41.36 million

Miscellaneous

Employees2,100
Market Cap$585.51 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Teekay Tankers (NYSE:TNK) Frequently Asked Questions

How has Teekay Tankers' stock been impacted by COVID-19 (Coronavirus)?

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TNK shares have decreased by 1.5% and is now trading at $17.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Teekay Tankers?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Tankers.

When is Teekay Tankers' next earnings date?

Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Teekay Tankers.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings data on Thursday, May, 21st. The shipping company reported $3.27 EPS for the quarter, topping the Zacks' consensus estimate of $2.91 by $0.36. The shipping company earned $341.90 million during the quarter, compared to the consensus estimate of $227 million. Teekay Tankers had a net margin of 13.18% and a return on equity of 16.74%. Teekay Tankers's revenue was up 43.5% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. View Teekay Tankers' earnings history.

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

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

What price target have analysts set for TNK?

4 brokerages have issued 1 year price objectives for Teekay Tankers' stock. Their forecasts range from $21.00 to $28.00. On average, they anticipate Teekay Tankers' share price to reach $24.33 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price. View analysts' price targets for Teekay Tankers.

Has Teekay Tankers been receiving favorable news coverage?

Media stories about TNK stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates 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 five, with scores nearest to five being the most favorable. Teekay Tankers earned a daily sentiment score of 0.7 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutTeekay Tankers.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a drop in short interest in May. As of May 15th, there was short interest totaling 580,400 shares, a drop of 14.7% from the April 30th total of 680,500 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 0.4 days. Currently, 2.4% of the shares of the company are short sold. View Teekay Tankers' Current Options Chain.

Who are some of Teekay Tankers' key competitors?

What other stocks do shareholders of Teekay Tankers own?

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

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the following 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)

What is Teekay Tankers' stock symbol?

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

Who are Teekay Tankers' major shareholders?

Teekay Tankers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.79%), State Street Corp (1.26%), Wells Fargo & Company MN (0.93%), Russell Investments Group Ltd. (0.85%), JPMorgan Chase & Co. (0.73%) and Cobalt Capital Management Inc. (0.59%).

Which institutional investors are selling Teekay Tankers stock?

TNK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Squarepoint Ops LLC, Cobalt Capital Management Inc., AJO LP, AQR Capital Management LLC, Wells Fargo & Company MN, and Federated Hermes Inc..

Which institutional investors are buying Teekay Tankers stock?

TNK stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Deutsche Bank AG, Hennessy Advisors Inc., MIK Capital LP, UBS Group AG, Morgan Stanley, Morgan Stanley, and Bowling Portfolio Management LLC.

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 $17.40.

How big of a company is Teekay Tankers?

Teekay Tankers has a market capitalization of $585.51 million and generates $920.97 million in revenue each year. The shipping company earns $41.36 million in net income (profit) each year or $1.91 on an earnings per share basis. Teekay Tankers employs 2,100 workers across the globe.

What is Teekay Tankers' official website?

The official website for Teekay Tankers is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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