NYSE:TNK Teekay Tankers Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.27 -0.87 (-7.17 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$11.11Now: $11.27▼$11.8750-Day Range$11.39MA: $13.28▼$15.9052-Week Range$9.76Now: $11.27▼$26.92Volume589,419 shsAverage Volume1.20 million shsMarket Capitalization$379.29 millionP/E Ratio1.54Dividend YieldN/ABeta0.05 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.Read More Beat the Market (BTM) Rank™ 3.1 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 3 buy ratings, 1 hold rating, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.40, Teekay Tankers has a forecasted upside of 63.3% from its current price of $11.27.Amount of Analyst CoverageTeekay Tankers has only been the subject of 2 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesTeekay Tankers has received 402 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTeekay Tankers has received 513 “underperform” votes. (Add your “underperform” vote.)Community SentimentTeekay Tankers has received 56.07% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldTeekay Tankers does not currently pay a dividend.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 28.45% of the stock of Teekay Tankers is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -37.94% in the coming year, from $6.22 to $3.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 1.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 1.54, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.75.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.1Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.68 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK Previous Symbol CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone441-298-2530Debt Debt-to-Equity Ratio0.55 Current Ratio1.88 Quick Ratio1.71Price-To-Earnings Trailing P/E Ratio1.54 Forward P/E Ratio1.81 P/E Growth0.68 Sales & Book Value Annual Sales$920.97 million Price / Sales0.41 Cash Flow$4.99 per share Price / Cash Flow2.26 Book Value$29.41 per share Price / Book0.38Profitability EPS (Most Recent Fiscal Year)$1.91 Net Income$41.36 million Net Margins23.10% Return on Equity24.00% Return on Assets11.61%Miscellaneous Employees2,200 Outstanding Shares33,655,000Market Cap$379.29 million Next Earnings Date11/11/2020 (Estimated) OptionableOptionable $11.27 -0.87 (-7.17 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive TNK News and Ratings via Email Sign-up to receive the latest news and ratings for TNK and its competitors with MarketBeat's FREE daily newsletter. Teekay Tankers (NYSE:TNK) Frequently Asked Questions How has Teekay Tankers' stock been impacted by COVID-19? Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have decreased by 36.2% and is now trading at $11.27. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Teekay Tankers? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 2 sell ratings, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Teekay Tankers. When is Teekay Tankers' next earnings date? Teekay Tankers is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020. View our earnings forecast for Teekay Tankers. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings data on Thursday, August, 13th. The shipping company reported $2.39 EPS for the quarter, missing the consensus estimate of $2.90 by $0.51. Teekay Tankers had a net margin of 23.10% and a return on equity of 24.00%. View Teekay Tankers' earnings history. When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work? Shares of Teekay Tankers reverse split before market open 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 Teekay Tankers stock prior to the reverse split would have 13 shares after the split. What price target have analysts set for TNK? 6 analysts have issued 12 month price targets for Teekay Tankers' shares. Their forecasts range from $14.00 to $28.00. On average, they expect Teekay Tankers' share price to reach $18.40 in the next year. This suggests a possible upside of 63.3% from the stock's current price. View analysts' price targets for Teekay Tankers. Are investors shorting Teekay Tankers? Teekay Tankers saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,780,000 shares, an increase of 9.9% from the August 15th total of 2,530,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 11.6% of the shares of the stock are short sold. View Teekay Tankers' Short Interest. Who are some of Teekay Tankers' key competitors? Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), Ship Finance International (SFL), Scorpio Tankers (STNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), GasLog (GLOG) and Teekay (TK). View all competitors. 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), Willamette Valley Vineyards (WVVI), AT&T (T), Ford Motor (F), Intel (INTC), JPMorgan Chase & Co. (JPM) and Cara Therapeutics (CARA). Who are Teekay Tankers' key executives? Teekay Tankers' management team includes the following people: Mr. Kevin J. Mackay, Pres & CEO (Age 50)Mr. Stewart Andrade, Chief Financial Officer (Age 46)Mr. Jim Basterfield, Head of HRMr. Raymond McNamara, Head of Ship ManagementMr. Kenneth Hvid, Director (Age 51) 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 institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (2.14%), Coatue Management LLC (2.03%), Prudential Financial Inc. (1.47%), Grantham Mayo Van Otterloo & Co. LLC (0.65%), Man Group plc (0.63%) and Bridgeway Capital Management Inc. (0.62%). Which institutional investors are selling Teekay Tankers stock? TNK stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Huber Capital Management LLC, AQR Capital Management LLC, Bank of America Corp DE, Man Group plc, UBS Group AG, New York State Common Retirement Fund, and Marshall Wace North America L.P.. Which institutional investors are buying Teekay Tankers stock? TNK stock was bought by a variety of institutional investors in the last quarter, including Coatue Management LLC, Prudential Financial Inc., Russell Investments Group Ltd., Grantham Mayo Van Otterloo & Co. LLC, Evolution Wealth Advisors LLC, Trexquant Investment LP, Virtu Financial LLC, and Sei Investments Co.. 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, Robinhood, Fidelity, and Charles Schwab. What is Teekay Tankers' stock price today? One share of TNK stock can currently be purchased for approximately $11.27. How big of a company is Teekay Tankers? Teekay Tankers has a market capitalization of $379.29 million and generates $920.97 million in revenue each year. The shipping company earns $41.36 million in net income (profit) each year or $1.91 on an earnings per share basis. Teekay Tankers employs 2,200 workers across the globe. What is Teekay Tankers' official website? The official website for Teekay Tankers is www.teekay.com. How can I contact Teekay Tankers? Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected] This page was last updated on 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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