Teekay Tankers - TNK Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNK shares.
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2 analysts have issued 12 month price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $28.00 to $28.00. On average, they predict the company's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
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Teekay Tankers' stock was trading at $10.90 on January 1st, 2022. Since then, TNK stock has increased by 159.2% and is now trading at $28.25.
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Teekay Tankers saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 755,600 shares, a decline of 47.9% from the August 15th total of 1,450,000 shares. Based on an average daily trading volume, of 416,100 shares, the short-interest ratio is presently 1.8 days. Approximately 3.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Thursday, August, 4th. The shipping company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.33 by $0.43. The shipping company had revenue of $242.40 million for the quarter, compared to analysts' expectations of $109.04 million. Teekay Tankers had a negative trailing twelve-month return on equity of 7.48% and a negative net margin of 11.15%. Teekay Tankers's quarterly revenue was up 96.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.23) earnings per share.

Shares of Teekay Tankers reverse split on the morning of 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 a variety of institutional and retail investors. Top institutional shareholders include Millennium Management LLC (1.60%), State Street Corp (1.23%), Northern Trust Corp (0.78%), Cubist Systematic Strategies LLC (0.67%), Citadel Advisors LLC (0.00%) and Russell Investments Group Ltd. (0.48%).

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 $28.25.

Teekay Tankers (NYSE:TNK) has a market capitalization of $953.10 million and generates $542.37 million in revenue each year. The shipping company earns $-242,370,000.00 in net income (profit) each year or ($2.29) on an earnings per share basis.

The company employs 1,900 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 (604) 683-3529, via email at investor.relations@teekay.com, or via fax at 441-292-3931.