NYSE:TNK Teekay Tankers (TNK) Stock Forecast, Price & News $39.19 +1.30 (+3.43%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$38.11▼$39.5850-Day Range$36.83▼$45.0352-Week Range$14.90▼$48.05Volume441,611 shsAverage Volume527,199 shsMarket Capitalization$1.33 billionP/E Ratio3.28Dividend Yield2.55%Price Target$51.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Teekay Tankers MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside30.1% Upside$51.00 Price TargetShort InterestHealthy4.94% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-48.51%From $13.46 to $6.93 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector58th out of 125 stocksWater Transportation Industry8th out of 18 stocks 3.3 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.00, Teekay Tankers has a forecasted upside of 30.1% from its current price of $39.19.Amount of Analyst CoverageTeekay Tankers has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.94% of the float of Teekay Tankers has been sold short.Short Interest Ratio / Days to CoverTeekay Tankers has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently increased by 0.84%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 8.36%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Teekay Tankers will have a dividend payout ratio of 14.43% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Teekay Tankers this week, compared to 3 articles on an average week.Search InterestOnly 13 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat Follows6 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. 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 InsidersOnly 1.90% of the stock of Teekay Tankers is held by insiders.Percentage Held by InstitutionsOnly 28.74% of the stock of Teekay Tankers is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -48.51% in the coming year, from $13.46 to $6.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 3.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 3.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 22.03.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 0.97. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Teekay Tankers (NYSE:TNK) StockTeekay 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.Read More Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address TNK Stock News HeadlinesMay 26, 2023 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Downgraded by StockNews.com to BuyMay 17, 2023 | marketwatch.comThinking about trading options or stock in Exxon, Alphabet, Super Micro Computer, Dell, or Teekay Tankers?May 28, 2023 | Behind the Markets (Ad)"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 >>>May 15, 2023 | seekingalpha.comTeekay Tankers: The New Dividend Supports The Bullish NarrativeMay 15, 2023 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Lifted to Strong-Buy at StockNews.comMay 11, 2023 | msn.comJefferies Reiterates Teekay Tankers Ltd - (TNK) Buy RecommendationMay 11, 2023 | finance.yahoo.comWhy Teekay Tankers Popped 14.9% TodayMay 11, 2023 | marketwatch.comTeekay Tankers Shares Rally on Dividend, Buyback Plans >TNKMay 28, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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 >>>May 11, 2023 | msn.comTeekay Tankers starts quarterly dividend, $100M buyback after record Q1 profitMay 11, 2023 | seekingalpha.comTeekay Tankers Ltd. 2023 Q1 - Results - Earnings Call PresentationMay 11, 2023 | seekingalpha.comTeekay Tankers Non-GAAP EPS of $5.13 beats by $0.73, revenue of $394.66M beats by $138.53MMay 11, 2023 | finance.yahoo.comTeekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation PlanMay 11, 2023 | finance.yahoo.comTeekay Tankers Updates Capital Allocation PlanMay 10, 2023 | msn.comTeekay Tankers's Earnings OutlookMay 4, 2023 | finance.yahoo.comTeekay Group to Announce First Quarter 2023 Earnings Results on May 11, 2023April 29, 2023 | americanbankingnews.comTeekay Tankers Ltd. (NYSE:TNK) Short Interest Up 35.4% in AprilApril 27, 2023 | morningstar.comTeekay Tankers Ltd Class AApril 24, 2023 | msn.comUnusual Put Option Trade in Teekay Tankers Ltd - (TNK) Worth $65.00KApril 24, 2023 | markets.businessinsider.comCleaves Securities Reaffirms Their Buy Rating on Teekay Tankers (TNK)April 18, 2023 | finance.yahoo.comHas Teekay Tankers Ltd.'s (NYSE:TNK) Impressive Stock Performance Got Anything to Do With Its Fundamentals?April 9, 2023 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Shares Pass Above 200-Day Moving Average of $34.18April 8, 2023 | thestreet.comTeekay Tankers Stock To Go Ex-dividend Tomorrow (TNK)April 3, 2023 | finance.yahoo.comNow's the Time to Take Profits on Teekay TankersApril 3, 2023 | seekingalpha.comTeekay Tankers: Attractive Valuation Overshadowed By OPEC's De-Dollarization EffortsApril 3, 2023 | msn.comOil tanker stocks slammed as OPEC+ production cut sparks global demand fearsMarch 27, 2023 | finance.yahoo.comTeekay Tankers' (NYSE:TNK) investors will be pleased with their enviable 389% return over the last five yearsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address TNK Company Calendar Last Earnings2/23/2023Ex-Dividend for 6/2 Dividend5/19/2023Today5/28/2023Dividend Payable6/02/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,750Year Founded1973Price 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 RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$11.96 Trailing P/E Ratio3.28 Forward P/E Ratio2.91 P/E Growth0.97Net Income$229.09 million Net Margins32.12% Pretax Margin32.41% Return on Equity39.74% Return on Assets23.60% Debt Debt-to-Equity Ratio0.26 Current Ratio2.79 Quick Ratio2.42 Sales & Book Value Annual Sales$1.06 billion Price / Sales1.25 Cash Flow$9.31 per share Price / Cash Flow4.21 Book Value$36.54 per share Price / Book1.07Miscellaneous Outstanding Shares33,940,000Free Float33,294,000Market Cap$1.33 billion OptionableOptionable Beta-0.15 Social Links Key ExecutivesKevin J. MackayPresident & Chief Executive OfficerStewart AndradeChief Financial OfficerChristian WaldegraveDirector-Research & Commercial PerformanceN. Angelique BurgessAssistant SecretaryJim BasterfieldHead-Human ResourcesKey CompetitorsGolden Ocean GroupNASDAQ:GOGLNordic American TankersNYSE:NATGolar LNGNASDAQ:GLNGInternational SeawaysNYSE:INSWGasLog PartnersNYSE:GLOPView All CompetitorsInstitutional OwnershipToroso Investments LLCBought 5,458 shares on 5/23/2023Ownership: 0.016%Ameriprise Financial Inc.Sold 189,265 shares on 5/22/2023Ownership: 0.962%JPMorgan Chase & Co.Bought 32,353 shares on 5/18/2023Ownership: 0.135%New York State Common Retirement FundSold 3,889 shares on 5/18/2023Ownership: 0.036%Steward Partners Investment Advisory LLCSold 2,000 shares on 5/16/2023Ownership: 0.019%View All Institutional Transactions 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. What ETFs hold Teekay Tankers' stock? ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), iShares Micro-Cap ETF (IWC).Vanguard U.S. Momentum Factor ETF (VFMO) and 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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