Teekay Tankers (TNK) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TNK shares.
View TNK analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued twelve-month price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $51.00 to $51.00. On average, they predict the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for TNK or view top-rated stocks among Wall Street analysts.

Teekay Tankers' stock was trading at $30.81 at the beginning of the year. Since then, TNK shares have increased by 27.2% and is now trading at $39.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our TNK earnings forecast.

Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, February, 23rd. The shipping company reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.82. The shipping company had revenue of $367.30 million for the quarter, compared to analyst estimates of $211.54 million. Teekay Tankers had a trailing twelve-month return on equity of 39.74% and a net margin of 32.12%. The company's revenue was up 129.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.74) earnings per share.

Teekay Tankers announced a -- dividend on Thursday, May 11th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.25 per share on Friday, June 2nd. The ex-dividend date of this dividend is Friday, May 19th.
Read our dividend analysis for TNK.

ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), iShares Micro-Cap ETF (IWC).Vanguard U.S. Momentum Factor ETF (VFMO) and

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.55%. The dividend payout ratio is 8.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 14.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNK.

Teekay Tankers shares 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 closing bell on Friday, November 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

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), General Electric (GE), AT&T (T), Willamette Valley Vineyards (WVVI), Intel (INTC), Ford Motor (F), JPMorgan Chase & Co. (JPM) and Cara Therapeutics (CARA).

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

Teekay Tankers' stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.24%), BlackRock Inc. (4.16%), Healthcare of Ontario Pension Plan Trust Fund (1.97%), Two Sigma Investments LP (1.71%), Two Sigma Advisers LP (1.52%) and State Street Corp (1.12%).

Shares of TNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TNK stock can currently be purchased for approximately $39.19.

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.33 billion and generates $1.06 billion in revenue each year. The shipping company earns $229.09 million in net income (profit) each year or $11.96 on an earnings per share basis.

The company employs 1,750 workers across the globe.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The official website for the company is www.teekay.com. The shipping company can be reached via phone at (441) 298-2530, via email at investor.relations@teekay.com, or via fax at 441-292-3931.