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: Oil & Gas Transportation Services - NEC
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NYSE:TNK
  • CUSIP: Y8565N10
  • Web: www.teekaytankers.com
Capitalization:
  • Market Cap: $250.25 million
  • Outstanding Shares: 165,399,000
Average Prices:
  • 50 Day Moving Avg: $1.78
  • 200 Day Moving Avg: $2.09
  • 52 Week Range: $1.65 - $3.25
P/E:
  • Trailing P/E Ratio: 10.36
  • Foreward P/E Ratio: 6.73
  • P/E Growth: -8.67
Sales & Book Value:
  • Annual Revenue: $487.04 million
  • Price / Sales: 0.59
  • Book Value: $5.64 per share
  • Price / Book: 0.31
Dividend:
  • Annual Dividend: $0.12
  • Dividend Yield: 6.8%
Profitability:
  • EBIDTA: $148.71 million
  • Net Margins: 5.48%
  • Return on Equity: 4.58%
  • Return on Assets: 2.17%
Debt:
  • Debt-to-Equity Ratio: 0.74%
  • Current Ratio: 0.76%
  • Quick Ratio: 0.76%
Misc:
  • Average Volume: 1.39 million shs.
  • Beta: 2.24
  • Short Ratio: 8.15
 

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 announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Monday, May 29th will be paid a dividend of $0.03 per share on Friday, June 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, May 24th. View Teekay Tankers' Dividend History.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, May, 18th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.02. The business had revenue of $125.10 million for the quarter, compared to analyst estimates of $95.97 million. Teekay Tankers had a net margin of 5.48% and a return on equity of 4.58%. The company's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. View Teekay Tankers' Earnings History.

When will Teekay Tankers make its next earnings announcement?

Teekay Tankers is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Teekay Tankers.

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

5 brokers have issued 12-month price objectives for Teekay Tankers' stock. Their forecasts range from $1.80 to $3.00. On average, they anticipate Teekay Tankers' share 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 retail and institutional investors. Top institutional shareholders include HUBER CAPITAL MANAGEMENT LLC (10.30%), HUBER CAPITAL MANAGEMENT LLC (9.53%), Berson & Corrado Investment Advisors LLC (0.26%) and Creative Planning (0.06%). View Institutional Ownership Trends for Teekay Tankers.

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

Teekay Tankers' stock was purchased by a variety of institutional investors in the last quarter, including Berson & Corrado Investment Advisors LLC and Creative Planning. 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 $1.75.


MarketBeat Community Rating for Teekay Tankers (NYSE TNK)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  132 (Vote Outperform)
Underperform Votes:  215 (Vote Underperform)
Total Votes:  347
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) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 3 Hold Ratings
Consensus Rating:Hold (Score: 1.60)
Consensus Price Target: $2.43 (39.05% upside)

Analysts' Ratings History for Teekay Tankers (NYSE:TNK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Bank of America CorporationReiterated RatingUnderperform$2.25 -> $1.80LowView Rating Details
2/22/2017Credit Suisse GroupReiterated 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
4/7/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$7.00 -> $5.00N/AView Rating Details
1/11/2016Barclays PLCInitiated CoverageOverweight$10.00N/AView Rating Details
(Data available from 7/21/2015 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
8/2/2017($0.03)N/AView Earnings Details
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: ($0.01)
2018 EPS Consensus Estimate: $0.45
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.17$0.17$0.17
Q2 20171($0.10)($0.10)($0.10)
Q3 20171($0.10)($0.10)($0.10)
Q4 20171$0.02$0.02$0.02
Q1 20181$0.12$0.12$0.12
Q2 20181$0.11$0.11$0.11
Q3 20181$0.11$0.11$0.11
Q4 20181$0.11$0.11$0.11
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Teekay Tankers (NYSE:TNK)
Most Recent Dividend:6/2/2017
Annual Dividend:$0.12
Dividend Yield:6.86%
Dividend Growth:35.70% (3 Year Average)
Payout Ratio:70.59% (Trailing 12 Months of Earnings)
240.00% (Based on This Year's Estimates)
46.15% (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
americanbankingnews.com logoTeekay Tankers Ltd. (NYSE:TNK) Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - July 19 at 6:50 PM
prnewswire.com logoBreakfast Technical Briefing on Shipping Stocks -- Ship Finance ... - PR Newswire (press release)
www.prnewswire.com - July 17 at 7:46 AM
finance.yahoo.com logoAnalysts and Teekay Tankers’ Upcoming 2Q17 Results
finance.yahoo.com - July 14 at 3:16 PM
finance.yahoo.com logoWhat Analysts Are Saying about Frontline’s Upcoming 2Q17 Results
finance.yahoo.com - July 14 at 9:17 AM
finance.yahoo.com logoImportant Events for Teekay Tankers in the Second Quarter
finance.yahoo.com - July 14 at 9:17 AM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Expected to Announce Quarterly Sales of $81.85 Million
www.americanbankingnews.com - July 7 at 2:42 PM
finance.yahoo.com logoCrude Tanker Target Prices in June: Analyst Recommendations
finance.yahoo.com - July 6 at 1:45 PM
americanbankingnews.com logoTeekay Tankers Ltd. (NYSE:TNK) Expected to Announce Earnings of -$0.04 Per Share
www.americanbankingnews.com - July 5 at 7:44 AM
finance.yahoo.com logoHow China’s Manufacturing and Auto Industry Are Impacting Crude Tankers
finance.yahoo.com - July 4 at 6:57 PM
finance.yahoo.com logoWhy Bunker Fuel Prices Are on a Downward Trend
finance.yahoo.com - June 28 at 2:55 PM
finance.yahoo.com logoTeekay Tankers Gives Industry Outlook in Its Annual General Meeting
finance.yahoo.com - June 28 at 12:11 AM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - June 26 at 2:41 PM
americanbankingnews.com logoTeekay Tankers Ltd. (TNK) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - June 21 at 9:37 AM
finance.yahoo.com logoETFs with exposure to Teekay Tankers Ltd. : June 19, 2017
finance.yahoo.com - June 20 at 8:37 AM
finance.yahoo.com logoTeekay Tankers 2017 Annual General Meeting Presentation
finance.yahoo.com - June 19 at 9:02 AM
finance.yahoo.com logoTeekay Tankers Ltd. :TNK-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017
finance.yahoo.com - June 17 at 6:44 AM
finance.yahoo.com logoTeekay Tankers: Morgan Stanley Cut the Target Price in Week 23
finance.yahoo.com - June 14 at 9:51 AM
americanbankingnews.com logo$81.85 Million in Sales Expected for Teekay Tankers Ltd. (TNK) This Quarter
www.americanbankingnews.com - June 11 at 10:02 AM
americanbankingnews.com logo Brokerages Expect Teekay Tankers Ltd. (TNK) to Post -$0.04 Earnings Per Share
www.americanbankingnews.com - June 9 at 7:40 AM
finance.yahoo.com logoAnalysts’ Recommendations for Teekay Tankers and Frontline
finance.yahoo.com - June 8 at 3:55 PM
finance.yahoo.com logoFrontline’s Revenues Fell 22% Year-over-Year in 1Q17
finance.yahoo.com - June 7 at 9:44 AM
americanbankingnews.com logoSeaport Global Securities Equities Analysts Cut Earnings Estimates for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - June 7 at 7:52 AM
americanbankingnews.com logoSeaport Global Securities Brokers Decrease Earnings Estimates for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - June 6 at 9:28 AM
americanbankingnews.com logoValuEngine Lowers Teekay Tankers Ltd. (TNK) to Hold
www.americanbankingnews.com - June 2 at 11:40 PM
finance.yahoo.com logoIs US Oil Demand Falling?
finance.yahoo.com - June 2 at 3:28 PM
finance.yahoo.com logoTeekay Tankers Announces Merger Agreement With Tanker Investments Ltd.
finance.yahoo.com - May 31 at 11:07 PM
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

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Chart

Teekay Tankers (TNK) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by MarketBeat.com Staff