NYSE:TNK - Teekay Tankers Stock Price, Price Target & More

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

Teekay Tankers declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Monday, March 5th will be paid a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Friday, March 2nd. View Teekay Tankers' Dividend History.

Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, May, 17th. The shipping company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.08). The shipping company had revenue of $88.47 million for the quarter, compared to analysts' expectations of $83.84 million. Teekay Tankers had a negative return on equity of 5.24% and a negative net margin of 17.16%. The business's revenue was down 17.1% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. View Teekay Tankers' Earnings History.

Teekay Tankers is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Teekay Tankers.

6 analysts have issued twelve-month target prices for Teekay Tankers' stock. Their forecasts range from $1.00 to $3.00. On average, they expect Teekay Tankers' share price to reach $1.65 in the next twelve months. This suggests a possible upside of 52.8% from the stock's current price. View Analyst Ratings for Teekay Tankers.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Teekay Tankers saw a drop in short interest during the month of June. As of June 29th, there was short interest totalling 3,419,203 shares, a drop of 49.4% from the June 15th total of 6,760,521 shares. Based on an average daily trading volume, of 2,262,077 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.8% of the shares of the stock are sold short. View Teekay Tankers' Current Options Chain.

Some companies that are related to Teekay Tankers include Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG), Hornbeck Offshore Services (HOS), Odyssey Marine Exploration (OMEX), EuroDry (EDRY) and Caspian Services (CSSV).

News headlines about TNK stock have trended somewhat negative on Tuesday, Accern Sentiment reports. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Tankers earned a daily sentiment score of -0.04 on Accern's scale. They also gave media coverage about the shipping company an impact score of 43.63 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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, Scottrade, Fidelity and Charles Schwab.

One share of TNK stock can currently be purchased for approximately $1.08.

Teekay Tankers has a market capitalization of $300.78 million and generates $431.18 million in revenue each year. The shipping company earns $-58,020,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis. Teekay Tankers employs 1,700 workers across the globe.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]