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MSFT   242.18 (-2.15%)
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GE   86.07 (-2.35%)
DIS   96.25 (-2.65%)
AMC   7.15 (-4.79%)
PYPL   80.70 (+0.77%)
PFE   49.40 (+0.39%)
NFLX   283.40 (-0.75%)
QQQ   283.69 (-1.13%)
AAPL   144.51 (-2.43%)
MSFT   242.18 (-2.15%)
META   109.35 (-1.85%)
GOOGL   96.19 (-1.30%)
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MU   56.22 (-3.75%)
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PYPL   80.70 (+0.77%)
PFE   49.40 (+0.39%)
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NYSE:TNK

Teekay Tankers - TNK Stock Forecast, Price & News

$32.40
-0.89 (-2.67%)
(As of 11/28/2022 01:58 PM ET)
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Today's Range
$32.13
$32.81
50-Day Range
$26.42
$34.89
52-Week Range
$9.89
$35.44
Volume
11,514 shs
Average Volume
437,369 shs
Market Capitalization
$1.09 billion
P/E Ratio
26.34
Dividend Yield
N/A
Price Target
$40.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
23.5% Upside
$40.00 Price Target
Short Interest
Bearish
5.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.50mentions of Teekay Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.64%
From $4.70 to $6.14 Per Share

Overall MarketRank

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

1.71 out of 5 stars

Transportation Sector

77th out of 121 stocks

Water Transportation Industry

12th out of 16 stocks

TNK stock logo

About Teekay Tankers (NYSE:TNK) Stock

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

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TNK Stock News Headlines

Teekay Tankers (NYSE:TNK) Stock Price Down 4.6%
Teekay Tankers: Tanker Rates Stay High
Recap: Teekay Tankers Q3 Earnings
Teekay Tankers Ltd. Reports Third Quarter 2022 Results
Teekay Corporation Reports Third Quarter 2022 Results
Teekay Tankers's Earnings: A Preview
Teekay Announces Senior Management Change
Oil Tanker Stocks Hit New Highs On Unexpected War Booty
Best Momentum Stocks to Buy for October 5th
Schneider (SNDR) Segmental Strength Aids Growth, Costs Ail
See More Headlines
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TNK Company Calendar

Last Earnings
11/04/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,900
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$40.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+23.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-242,370,000.00
Pretax Margin
5.00%

Debt

Sales & Book Value

Annual Sales
$542.37 million
Book Value
$24.85 per share

Miscellaneous

Free Float
33,097,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
-0.09

Social Links


Key Executives

  • Mr. Kevin J. Mackay (Age 53)
    Pres & CEO
  • Mr. Stewart Andrade (Age 49)
    Chief Financial Officer
  • Mr. Jim Basterfield
    Head of HR
  • Ms. Edith Robinson (Age 57)
    Corp. Sec.
  • Mr. Christian Waldegrave
    Director of Research & Commercial Performance













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 brokerages have issued 1 year price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $40.00 to $40.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 20.2% 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 2022?

Teekay Tankers' stock was trading at $10.90 on January 1st, 2022. Since then, TNK shares have increased by 205.4% and is now trading at $33.29.
View the best growth stocks for 2022 here
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, November, 4th. The shipping company reported ($1.48) earnings per share for the quarter, beating analysts' consensus estimates of ($1.63) by $0.15. The shipping company earned $115.90 million during the quarter, compared to analysts' expectations of $37.25 million. Teekay Tankers had a net margin of 5.01% and a trailing twelve-month return on equity of 5.19%. Teekay Tankers's revenue was down 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS.

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 market closes 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.97%), Dimensional Fund Advisors LP (4.94%), Two Sigma Investments LP (1.59%), Two Sigma Advisers LP (1.42%), Marshall Wace LLP (1.07%) and State Street Corp (1.04%).

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 $33.29.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.12 billion and generates $542.37 million in revenue each year. The shipping company earns $-242,370,000.00 in net income (profit) each year or $1.23 on an earnings per share basis.

How many employees does Teekay Tankers have?

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

This page (NYSE:TNK) was last updated on 11/28/2022 by MarketBeat.com Staff