Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company's business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. Its ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company's conventional tanker segment as part of full service lightering operations and other related services. Its operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services. Its fleet consists of approximately 60 conventional vessels (including over 10 in-chartered vessels and an approximately 50%-owned very large crude carrier (VLCC)) and approximately six ship-to-ship (STS) support vessels.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Oil & Gas Transportation Services - NEC
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:TNK
- CUSIP: Y8565N10
- Web: www.teekaytankers.com
Capitalization:- Market Cap: $250.25 million
- Outstanding Shares: 165,399,000
Average Prices:- 50 Day Moving Avg: $1.78
- 200 Day Moving Avg: $2.09
- 52 Week Range: $1.65 - $3.25
P/E:- Trailing P/E Ratio: 10.36
- Foreward P/E Ratio: 6.73
- P/E Growth: -8.67
Sales & Book Value:- Annual Revenue: $487.04 million
- Price / Sales: 0.59
- Book Value: $5.64 per share
- Price / Book: 0.31
Dividend:- Annual Dividend: $0.12
- Dividend Yield: 6.8%
Profitability:- EBIDTA: $148.71 million
- Net Margins: 5.48%
- Return on Equity: 4.58%
- Return on Assets: 2.17%
Debt:- Debt-to-Equity Ratio: 0.74%
- Current Ratio: 0.76%
- Quick Ratio: 0.76%
Misc:- Average Volume: 1.39 million shs.
- Beta: 2.24
- Short Ratio: 8.15
Frequently Asked Questions for Teekay Tankers (NYSE:TNK)
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, May 17th. Shareholders of record on Monday, May 29th will be paid a dividend of $0.03 per share on Friday, June 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, May 24th. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, May, 18th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.02. The business had revenue of $125.10 million for the quarter, compared to analyst estimates of $95.97 million. Teekay Tankers had a net margin of 5.48% and a return on equity of 4.58%. The company's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. View Teekay Tankers' Earnings History.
When will Teekay Tankers make its next earnings announcement?
Where is Teekay Tankers' stock going? Where will Teekay Tankers' stock price be in 2017?
5 brokers have issued 12-month price objectives for Teekay Tankers' stock. Their forecasts range from $1.80 to $3.00. On average, they anticipate Teekay Tankers' share price to reach $2.43 in the next twelve months. View Analyst Ratings for Teekay Tankers.
Who are some of Teekay Tankers' key competitors?
Some companies that are related to Teekay Tankers include Capital Product Partners L.P. (CPLP), CAI International (CAI), Hennessy Capital Acquisition Corp. II (DSKE), Dorian LPG (LPG), Fly Leasing Limited (FLY), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), YRC Worldwide (YRCW), DHT Holdings (DHT), Teekay Offshore Partners L.P. (TOO), Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK), Eagle Bulk Shipping (EGLE), Green Plains Partners LP (GPP), Covenant Transportation Group (CVTI), Bristow Group (BRS), Safe Bulkers (SB), Roadrunner Transportation Systems (RRTS) and Ardmore Shipping Corporation (ASC).
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Arthur Bensler, Chairman of the Board
- Kevin J. Mackay, Chief Executive Officer
- Vincent Lok, Chief Financial Officer
- Kenneth Hvid, Director
- Bjorn Moller, Director
- Richard J. F. Bronks, Independent Director
- Richard T. du Moulin, Independent Director
- William E Lawes, Independent Director
Who owns Teekay Tankers stock?
Teekay Tankers' stock is owned by many different of retail and institutional investors. Top institutional shareholders include
HUBER CAPITAL MANAGEMENT LLC
(10.30%),
HUBER CAPITAL MANAGEMENT LLC
(9.53%), Berson & Corrado Investment Advisors LLC (0.26%) and Creative Planning (0.06%). View Institutional Ownership Trends for Teekay Tankers.
Who bought Teekay Tankers stock? Who is buying Teekay Tankers stock?
How do I buy Teekay Tankers stock?
Shares of Teekay Tankers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay Tankers' stock price today?
One share of Teekay Tankers stock can currently be purchased for approximately $1.75.
MarketBeat Community Rating for Teekay Tankers (NYSE TNK)MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Teekay Tankers (NYSE:TNK) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Sell Ratings, 3 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.60) |
| Consensus Price Target: | $2.43 (39.05% upside) |
Analysts' Ratings History for Teekay Tankers (NYSE:TNK)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/17/2017 | Bank of America Corporation | Reiterated Rating | Underperform | $2.25 -> $1.80 | Low |  |
| 2/22/2017 | Credit Suisse Group | Reiterated Rating | Neutral | | N/A | |
| 10/3/2016 | Clarkson Capital | Downgrade | Buy -> Neutral | $7.00 -> $3.00 | N/A | |
| 8/26/2016 | Morgan Stanley | Reiterated Rating | Equal Weight | $3.60 -> $2.50 | N/A | |
| 8/8/2016 | Danske | Reiterated Rating | Hold -> Sell | | N/A | |
| 5/21/2016 | Stifel Nicolaus | Downgrade | Buy -> Hold | | N/A | |
| 5/20/2016 | DNB Markets | Downgrade | Buy -> Hold | | N/A | |
| 5/4/2016 | Seaport Global Securities | Initiated Coverage | Buy | $6.00 | N/A | |
| 4/12/2016 | Deutsche Bank AG | Reiterated Rating | Hold | | N/A | |
| 4/7/2016 | J P Morgan Chase & Co | Upgrade | Underweight -> Neutral | $7.00 -> $5.00 | N/A | |
| 1/11/2016 | Barclays PLC | Initiated Coverage | Overweight | $10.00 | N/A | |
(Data available from 7/21/2015 forward)
Earnings History for Teekay Tankers (NYSE:TNK)Earnings History by Quarter for Teekay Tankers (NYSE TNK)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/2/2017 | | ($0.03) | | | | | N/A | |
| 5/18/2017 | 3/31/2017 | $0.06 | $0.04 | $95.97 million | $125.10 million | View | N/A | |
| 2/23/2017 | Q316 | $0.05 | $0.03 | $102.59 million | $117.70 million | View | N/A | |
| 11/3/2016 | Q3 | $0.03 | ($0.01) | $93.25 million | $104.60 million | View | N/A | |
| 8/4/2016 | Q216 | $0.19 | $0.20 | $131.06 million | $139.62 million | View | N/A | |
| 5/19/2016 | Q116 | $0.37 | $0.29 | $150.94 million | $165.00 million | View | Listen | |
| 2/18/2016 | Q415 | $0.41 | $0.31 | $152.53 million | $159.30 million | View | Listen | |
| 11/5/2015 | Q315 | $0.35 | $0.30 | $118.77 million | $122.78 million | View | N/A | |
| 8/6/2015 | Q215 | $0.39 | $0.35 | $108.79 million | $107.60 million | View | N/A | |
| 5/14/2015 | Q1 | $0.33 | $0.34 | $96.12 million | $103.90 million | View | Listen | |
| 2/19/2015 | Q4 | $0.17 | $0.21 | $70.54 million | $75.90 million | View | N/A | |
| 11/6/2014 | | $0.05 | $0.03 | $45.86 million | $53.47 million | View | N/A | |
| 8/7/2014 | Q2 | | ($0.05) | $47.47 million | $44.43 million | View | N/A | |
| 5/15/2014 | Q1 14 | $0.10 | $0.31 | $54.99 million | $61.76 million | View | N/A | |
| 2/20/2014 | | ($0.05) | ($0.03) | | | View | N/A | |
| 11/7/2013 | Q313 | ($0.08) | ($0.05) | $39.62 million | $39.48 million | View | N/A | |
| 8/8/2013 | Q2 2013 | ($0.02) | ($0.08) | | | View | N/A | |
| 5/9/2013 | Q1 2013 | ($0.02) | ($0.04) | $43.05 million | $44.95 million | View | N/A | |
| 2/21/2013 | Q4 2012 | ($0.04) | ($0.09) | $46.74 million | $45.49 million | View | N/A | |
| 11/8/2012 | Q312 | ($0.06) | ($0.09) | $42.96 million | $46.10 million | View | N/A | |
| 8/9/2012 | | ($0.01) | $0.01 | | | View | N/A | |
| 5/17/2012 | | $0.05 | $0.04 | | | View | N/A | |
| 2/23/2012 | | ($0.01) | ($0.02) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Teekay Tankers (NYSE:TNK)2017 EPS Consensus Estimate: ($0.01)
2018 EPS Consensus Estimate: $0.45
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.17 | $0.17 | $0.17 |
| Q2 2017 | 1 | ($0.10) | ($0.10) | ($0.10) |
| Q3 2017 | 1 | ($0.10) | ($0.10) | ($0.10) |
| Q4 2017 | 1 | $0.02 | $0.02 | $0.02 |
| Q1 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q2 2018 | 1 | $0.11 | $0.11 | $0.11 |
| Q3 2018 | 1 | $0.11 | $0.11 | $0.11 |
| Q4 2018 | 1 | $0.11 | $0.11 | $0.11 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Teekay Tankers (NYSE:TNK)| Most Recent Dividend: | 6/2/2017 |
| Annual Dividend: | $0.12 |
| Dividend Yield: | 6.86% |
| Dividend Growth: | 35.70% (3 Year Average) |
| Payout Ratio: | 70.59% (Trailing 12 Months of Earnings)
240.00% (Based on This Year's Estimates)
46.15% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Teekay Tankers (NYSE TNK)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/17/2017 | quarterly | $0.03 | 6.22% | 5/24/2017 | 5/29/2017 | 6/2/2017 |
| 2/22/2017 | Quarterly | $0.03 | | 3/2/2017 | 3/6/2017 | 3/10/2017 |
| 11/3/2016 | quarterly | $0.03 | 5.85% | 11/9/2016 | 11/14/2016 | 11/18/2016 |
| 8/4/2016 | quarterly | $0.06 | 7.97% | 8/11/2016 | 8/15/2016 | 8/19/2016 |
| 5/19/2016 | quarterly | $0.09 | 10.65% | 5/25/2016 | 5/30/2016 | 6/3/2016 |
| 12/14/2015 | quarterly | $0.12 | 1.56% | 1/29/2016 | 2/2/2016 | 2/12/2016 |
| 10/6/2015 | quarterly | $0.03 | 1.57% | 10/14/2015 | 10/16/2015 | 10/30/2015 |
| 7/7/2015 | quarterly | $0.03 | 1.8% | 7/15/2015 | 7/17/2015 | 7/31/2015 |
| 4/3/2015 | quarterly | $0.03 | 2.02% | 4/15/2015 | 4/17/2015 | 4/30/2015 |
| 1/5/2015 | quarterly | $0.03 | 2.35% | 1/15/2015 | 1/20/2015 | 1/30/2015 |
| 10/3/2014 | quarterly | $0.03 | 3.34% | 10/15/2014 | 10/17/2014 | 10/31/2014 |
| 7/3/2014 | quarterly | $0.03 | 2.98% | 7/16/2014 | 7/18/2014 | 7/31/2014 |
| 4/4/2014 | quarterly | $0.03 | 3.31% | 4/15/2014 | 4/17/2014 | 4/30/2014 |
| 1/3/2014 | quarterly | $0.03 | 3.08% | 1/15/2014 | 1/17/2014 | 1/31/2014 |
| 10/7/2013 | quarterly | $0.03 | 4.58% | 10/11/2013 | 10/16/2013 | 10/25/2013 |
| 7/9/2013 | quarterly | $0.03 | 4.1% | 7/17/2013 | 7/19/2013 | 7/31/2013 |
| 5/9/2013 | quarterly | $0.03 | 4.84% | 5/16/2013 | 5/20/2013 | 5/28/2013 |
| 2/20/2013 | quarterly | $0.03 | 4.82% | 2/28/2013 | 3/4/2013 | 3/11/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Teekay Tankers (NYSE:TNK)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Teekay Tankers (NYSE:TNK)
Latest Headlines for Teekay Tankers (NYSE:TNK)
| Source: |
|
| Date | Headline |
|---|
 | Teekay Tankers Ltd. (NYSE:TNK) Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - July 19 at 6:50 PM |
 | Breakfast Technical Briefing on Shipping Stocks -- Ship Finance ... - PR Newswire (press release)
www.prnewswire.com - July 17 at 7:46 AM |
 | Analysts and Teekay Tankers’ Upcoming 2Q17 Results
finance.yahoo.com - July 14 at 3:16 PM |
| What Analysts Are Saying about Frontline’s Upcoming 2Q17 Results
finance.yahoo.com - July 14 at 9:17 AM |
| Important Events for Teekay Tankers in the Second Quarter
finance.yahoo.com - July 14 at 9:17 AM |
| Teekay Tankers Ltd. (TNK) Expected to Announce Quarterly Sales of $81.85 Million
www.americanbankingnews.com - July 7 at 2:42 PM |
| Crude Tanker Target Prices in June: Analyst Recommendations
finance.yahoo.com - July 6 at 1:45 PM |
| Teekay Tankers Ltd. (NYSE:TNK) Expected to Announce Earnings of -$0.04 Per Share
www.americanbankingnews.com - July 5 at 7:44 AM |
| How China’s Manufacturing and Auto Industry Are Impacting Crude Tankers
finance.yahoo.com - July 4 at 6:57 PM |
| Why Bunker Fuel Prices Are on a Downward Trend
finance.yahoo.com - June 28 at 2:55 PM |
| Teekay Tankers Gives Industry Outlook in Its Annual General Meeting
finance.yahoo.com - June 28 at 12:11 AM |
| Teekay Tankers Ltd. (TNK) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - June 26 at 2:41 PM |
| Teekay Tankers Ltd. (TNK) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - June 21 at 9:37 AM |
| ETFs with exposure to Teekay Tankers Ltd. : June 19, 2017
finance.yahoo.com - June 20 at 8:37 AM |
| Teekay Tankers 2017 Annual General Meeting Presentation
finance.yahoo.com - June 19 at 9:02 AM |
| Teekay Tankers Ltd. :TNK-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017
finance.yahoo.com - June 17 at 6:44 AM |
| Teekay Tankers: Morgan Stanley Cut the Target Price in Week 23
finance.yahoo.com - June 14 at 9:51 AM |
| $81.85 Million in Sales Expected for Teekay Tankers Ltd. (TNK) This Quarter
www.americanbankingnews.com - June 11 at 10:02 AM |
| Brokerages Expect Teekay Tankers Ltd. (TNK) to Post -$0.04 Earnings Per Share
www.americanbankingnews.com - June 9 at 7:40 AM |
| Analysts’ Recommendations for Teekay Tankers and Frontline
finance.yahoo.com - June 8 at 3:55 PM |
| Frontline’s Revenues Fell 22% Year-over-Year in 1Q17
finance.yahoo.com - June 7 at 9:44 AM |
| Seaport Global Securities Equities Analysts Cut Earnings Estimates for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - June 7 at 7:52 AM |
| Seaport Global Securities Brokers Decrease Earnings Estimates for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - June 6 at 9:28 AM |
| ValuEngine Lowers Teekay Tankers Ltd. (TNK) to Hold
www.americanbankingnews.com - June 2 at 11:40 PM |
| Is US Oil Demand Falling?
finance.yahoo.com - June 2 at 3:28 PM |
| Teekay Tankers Announces Merger Agreement With Tanker Investments Ltd.
finance.yahoo.com - May 31 at 11:07 PM |
| Teekay Tankers Ltd. : TNK-US: Dividend Analysis : May 29th, 2017 (record date) : By the numbers : May 25, 2017
finance.yahoo.com - May 26 at 7:50 AM |
 | Research Reports on Shipping Equities -- DryShips, Scorpio Tankers, Teekay Tankers, and Diana Shipping
www.bizjournals.com - May 22 at 8:33 AM |
 | Teekay Tankers Ltd (TNK) Declares $0.03 Quarterly Dividend; 6.3% Yield
www.streetinsider.com - May 19 at 1:12 PM |
 | Teekay Tankers' (TNK) CEO Kevin Mackay on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 19 at 1:12 PM |
| ETFs with exposure to Teekay Tankers Ltd. : May 18, 2017
finance.yahoo.com - May 19 at 1:12 PM |
| Edited Transcript of TNK earnings conference call or presentation 18-May-17 5:00pm GMT
finance.yahoo.com - May 19 at 1:12 PM |
| Teekay Tankers misses 1Q profit forecasts
finance.yahoo.com - May 18 at 12:39 PM |
| Not a Single ‘Sell’ Rating for Tsakos Energy Navigation
finance.yahoo.com - May 18 at 12:39 PM |
| Teekay Tankers Ltd. (TNK) to Issue Dividend of $0.03
www.americanbankingnews.com - May 18 at 10:52 AM |
| Teekay Tankers Ltd. (TNK) Releases Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - May 18 at 8:52 AM |
 | Teekay Tankers Ltd. Reports First Quarter 2017 Results
feeds.benzinga.com - May 18 at 1:31 AM |
| Bank of America Corp Reaffirms "Underperform" Rating for Teekay Tankers Ltd. (TNK)
www.americanbankingnews.com - May 17 at 4:02 PM |
| Zacks: Brokerages Expect Teekay Tankers Ltd. (TNK) Will Post Quarterly Sales of $101.78 Million
www.americanbankingnews.com - May 14 at 8:46 AM |
| Teekay Tankers Ltd. (TNK) Expected to Announce Earnings of $0.07 Per Share
www.americanbankingnews.com - May 13 at 12:04 AM |
| Key Highlights from Nordic American Tankers’ 1Q17 Results
finance.yahoo.com - May 12 at 3:46 PM |
| Nordic American Tankers: Insights on the Industry’s Orderbook
finance.yahoo.com - May 12 at 3:46 PM |
| Teekay Tankers Ltd. (TNK) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 5 at 8:48 AM |
| ETFs with exposure to Teekay Tankers Ltd. : May 3, 2017
finance.yahoo.com - May 3 at 6:29 PM |
| Teekay Tankers Ltd. :TNK-US: Earnings Analysis: Q4, 2016 By the Numbers : May 2, 2017
finance.yahoo.com - May 2 at 6:16 PM |
| Is US Oil Demand Benefiting Crude Oil Tanker Industry?
finance.yahoo.com - May 2 at 8:53 AM |
| Why Navios Midstream’s Latest Dividend Matters
finance.yahoo.com - May 1 at 10:55 AM |
| Analysts’ Recommendations for Euronav after Its 1Q17 Results
finance.yahoo.com - May 1 at 10:54 AM |
| China’s Oil Production and Imports Benefit Crude Tanker Industry
finance.yahoo.com - May 1 at 10:54 AM |
| Teekay Tankers (TNK) Receives Media Sentiment Score of 0.02
www.americanbankingnews.com - April 30 at 3:48 PM |
Teekay Tankers (TNK) Chart for Friday, July, 21, 2017
