NYSE:TNKTeekay Tankers Stock Price, Forecast & News

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have decreased by 24.7% and is now trading at $13.31. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Tankers.

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

Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, May, 21st. The shipping company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.91 by $0.36. The shipping company had revenue of $341.90 million for 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 16.13%. Teekay Tankers's revenue was up 43.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. View Teekay Tankers' earnings history.

Teekay Tankers's stock reverse split before market open 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 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.

5 equities research analysts have issued 1-year price objectives for Teekay Tankers' shares. Their forecasts range from $15.00 to $28.00. On average, they anticipate Teekay Tankers' share price to reach $22.00 in the next year. This suggests a possible upside of 65.3% from the stock's current price. View analysts' price targets for Teekay Tankers.

Press coverage about TNK stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Teekay Tankers earned a news impact score of 1.2 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Teekay Tankers.

Teekay Tankers saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,060,000 shares, an increase of 10.2% from the June 15th total of 1,870,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 8.6% of the shares of the company 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), Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), GasLog (GLOG) and Teekay (TK). View all 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), Willamette Valley Vineyards (WVVI), Ford Motor (F), General Electric (GE), Intel (INTC), Cara Therapeutics (CARA), AT&T (T) and Zynerba Pharmaceuticals (ZYNE).

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TNK stock can currently be purchased for approximately $13.31.

Teekay Tankers has a market capitalization of $447.88 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 2,200 workers across the globe.

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