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China's 1st domestically made passenger plane completes maiden commercial flight
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EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
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[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Sell every Stock except ONE (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Sell every Stock except ONE (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Sell every Stock except ONE (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NYSE:TNK

Teekay Tankers (TNK) Stock Forecast, Price & News

$39.19
+1.30 (+3.43%)
(As of 05/26/2023 ET)
Compare
Today's Range
$38.11
$39.58
50-Day Range
$36.83
$45.03
52-Week Range
$14.90
$48.05
Volume
441,611 shs
Average Volume
527,199 shs
Market Capitalization
$1.33 billion
P/E Ratio
3.28
Dividend Yield
2.55%
Price Target
$51.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
30.1% Upside
$51.00 Price Target
Short Interest
Healthy
4.94% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-48.51%
From $13.46 to $6.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Transportation Sector

58th out of 125 stocks

Water Transportation Industry

8th out of 18 stocks


TNK stock logo

About Teekay Tankers (NYSE:TNK) Stock

Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Tanker and Ship-to-Ship (STS) Transfer segment. The Tanker segment includes the operations of all the tankers, including those employed on full service lightering contracts. The STS Transfer segment offers lightering support services provided to conventional tanker segment as part of the full service lightering operations. The company was founded in October 2007 and is headquartered in Vancouver, Canada.

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TNK Stock News Headlines

Teekay Tankers (NYSE:TNK) Downgraded by StockNews.com to Buy
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Why Teekay Tankers Popped 14.9% Today
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Teekay Tankers Updates Capital Allocation Plan
Teekay Tankers's Earnings Outlook
Teekay Tankers Ltd. (NYSE:TNK) Short Interest Up 35.4% in April
Teekay Tankers Ltd Class A
Cleaves Securities Reaffirms Their Buy Rating on Teekay Tankers (TNK)
Now's the Time to Take Profits on Teekay Tankers
See More Headlines
Receive TNK Stock News and Ratings via Email

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TNK Company Calendar

Last Earnings
2/23/2023
Ex-Dividend for 6/2 Dividend
5/19/2023
Today
5/28/2023
Dividend Payable
6/02/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,750
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$51.00
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$229.09 million
Pretax Margin
32.41%

Debt

Sales & Book Value

Annual Sales
$1.06 billion
Cash Flow
$9.31 per share
Book Value
$36.54 per share

Miscellaneous

Free Float
33,294,000
Market Cap
$1.33 billion
Optionable
Optionable
Beta
-0.15

Social Links


Key Executives

  • Kevin J. Mackay
    President & Chief Executive Officer
  • Stewart Andrade
    Chief Financial Officer
  • Christian Waldegrave
    Director-Research & Commercial Performance
  • N. Angelique Burgess
    Assistant Secretary
  • Jim Basterfield
    Head-Human Resources













TNK Stock - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

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.

What is Teekay Tankers' stock price forecast for 2023?

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.

How have TNK shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

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.

How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?

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
.

Is Teekay Tankers a good dividend stock?

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.

When did Teekay Tankers' stock split?

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.

What other stocks do shareholders of Teekay Tankers own?

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).

What is Teekay Tankers' stock symbol?

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

Who are Teekay Tankers' major shareholders?

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%).

How do I buy shares of Teekay Tankers?

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.
Compare Top Brokerages Here.

What is Teekay Tankers' stock price today?

One share of TNK stock can currently be purchased for approximately $39.19.

How much money does Teekay Tankers make?

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.

How many employees does Teekay Tankers have?

The company employs 1,750 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, 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.

This page (NYSE:TNK) was last updated on 5/28/2023 by MarketBeat.com Staff

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