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

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$1.07 +0.02 (+1.90 %)
(As of 07/19/2018 03:57 AM ET)
Previous Close$1.05
Today's Range$1.05 - $1.09
52-Week Range$0.96 - $1.95
Volume608,700 shs
Average Volume1.21 million shs
Market Capitalization$290.04 million
P/E Ratio-9.73
Dividend Yield11.11%
Beta1.98
Teekay Tankers logoTeekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. As of December 31, 2017, it operated a fleet of 52 owned conventional tankers, 4 conventional tankers related to capital leases, 1 in-chartered vessel, and 1 jointly-owned very large crude carrier; and 6 ship-to-ship support vessels. The company's vessels operated under fixed-rate time charter contracts with its customers. Teekay Tankers Ltd. was founded in 2007 and is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TNK
CUSIPY8565N10
Phone441-298-2530

Debt

Debt-to-Equity Ratio0.95
Current Ratio0.74
Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio-9.73
Forward P/E Ratio-3.34
P/E GrowthN/A

Sales & Book Value

Annual Sales$431.18 million
Price / Sales0.67
Cash Flow$0.2972 per share
Price / Cash3.60
Book Value$3.75 per share
Price / Book0.29

Profitability

EPS (Most Recent Fiscal Year)($0.11)
Net Income$-58,020,000.00
Net Margins-17.16%
Return on Equity-5.24%
Return on Assets-2.48%

Miscellaneous

Employees1,700
Outstanding Shares268,560,000
Market Cap$290.04

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Teekay Tankers (NYSE:TNK) Frequently Asked Questions

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, February 21st. Stockholders of record on Monday, March 5th will be given a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 annualized dividend and a dividend yield of 11.21%. The ex-dividend date of this dividend is Friday, March 2nd. View Teekay Tankers' Dividend History.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings data on Thursday, May, 17th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.08). The shipping company earned $88.47 million during the quarter, compared to analyst estimates of $83.84 million. Teekay Tankers had a negative return on equity of 5.24% and a negative net margin of 17.16%. Teekay Tankers's revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. View Teekay Tankers' Earnings History.

When is Teekay Tankers' next earnings date?

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

What price target have analysts set for TNK?

6 equities research analysts have issued 1-year price objectives for Teekay Tankers' shares. Their forecasts range from $1.00 to $3.00. On average, they anticipate Teekay Tankers' share price to reach $1.65 in the next twelve months. This suggests a possible upside of 54.2% from the stock's current price. View Analyst Ratings for Teekay Tankers.

What is the consensus analysts' recommendation 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."

Are investors shorting Teekay Tankers?

Teekay Tankers saw a decrease in short interest in June. As of June 29th, there was short interest totalling 3,419,203 shares, a decrease of 49.4% from the June 15th total of 6,760,521 shares. Based on an average 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.

Who are some of Teekay Tankers' key competitors?

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the folowing people:
  • Mr. Kevin J. Mackay, Pres & CEO (Age 49)
  • Mr. Stewart Andrade, Chief Financial Officer (Age 45)
  • Mr. Jim Basterfield, Head of HR
  • Mr. Raymond McNamara, Head of Ship Management
  • Mr. Kenneth Hvid, Director (Age 50)

Has Teekay Tankers been receiving favorable news coverage?

News stories about TNK stock have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay Tankers earned a news sentiment score of 0.10 on Accern's scale. They also assigned news headlines about the shipping company an impact score of 45.66 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

How do I buy shares of Teekay Tankers?

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.

What is Teekay Tankers' stock price today?

One share of TNK stock can currently be purchased for approximately $1.07.

How big of a company is Teekay Tankers?

Teekay Tankers has a market capitalization of $290.04 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.

How can I contact Teekay Tankers?

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]


MarketBeat Community Rating for Teekay Tankers (NYSE TNK)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  577
MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe TNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/19/2018 by MarketBeat.com Staff

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