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About Teekay Tankers (NYSE:TNK)
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. As of December 31, 2017, it operated a fleet of 52 owned conventional tankers, 4 conventional tankers related to capital leases, 1 in-chartered vessel, and 1 jointly-owned very large crude carrier; and 6 ship-to-ship support vessels. The company's vessels operated under fixed-rate time charter contracts with its customers. Teekay Tankers Ltd. was founded in 2007 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TNK
CUSIPY8565N10
Phone441-298-2530
Debt
Debt-to-Equity Ratio0.95
Current Ratio0.74
Quick Ratio0.75
Price-To-Earnings
Trailing P/E Ratio-8.99
Forward P/E Ratio-3.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$431.18 million
Price / Sales0.62
Cash Flow$0.3007 per share
Price / Cash3.29
Book Value$3.65 per share
Price / Book0.27
Profitability
EPS (Most Recent Fiscal Year)($0.11)
Net Income$-58,020,000.00
Net Margins-17.16%
Return on Equity-5.24%
Return on Assets-2.48%
Miscellaneous
Employees1,700
Outstanding Shares268,560,000
Teekay Tankers (NYSE:TNK) Frequently Asked Questions
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 declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 5th will be given a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 12.13%. The ex-dividend date of this dividend is Friday, March 2nd. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) posted its earnings results on Thursday, May, 17th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.08). The shipping company earned $88.47 million during the quarter, compared to the consensus estimate of $83.84 million. Teekay Tankers had a negative return on equity of 5.24% and a negative net margin of 17.16%. The firm's revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
5 equities research analysts have issued 1-year price targets for Teekay Tankers' stock. Their predictions range from $1.00 to $3.00. On average, they anticipate Teekay Tankers' stock price to reach $1.60 in the next year. View Analyst Ratings for Teekay Tankers.
Who are some of Teekay Tankers' key competitors?
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Mr. Kevin J. Mackay, Pres & CEO (Age 49)
- Mr. Stewart Andrade, Chief Financial Officer (Age 45)
- Mr. Jim Basterfield, Head of HR
- Mr. Raymond McNamara, Head of Ship Management
- Mr. Kenneth Hvid, Director (Age 50)
Has Teekay Tankers been receiving favorable news coverage?
News headlines about TNK stock have trended somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.11 on Accern's scale. They also assigned news articles about the shipping company an impact score of 46.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Teekay Tankers' major shareholders?
Teekay Tankers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.42%), Guggenheim Capital LLC (0.68%), Northern Trust Corp (0.96%), Systematic Financial Management LP (0.51%), Rhumbline Advisers (0.41%) and Arnhold LLC (0.31%). View Institutional Ownership Trends for Teekay Tankers.
Which major investors are selling Teekay Tankers stock?
Which major investors are buying Teekay Tankers stock?
TNK stock was bought by a variety of institutional investors in the last quarter, including Rhumbline Advisers, Arnhold LLC, Guggenheim Capital LLC, Systematic Financial Management LP, Banco de Sabadell S.A, Wells Fargo & Company MN and BlackRock Inc.. View Insider Buying and Selling for Teekay Tankers.
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, Scottrade, Fidelity and Charles Schwab.
What is Teekay Tankers' stock price today?
One share of TNK stock can currently be purchased for approximately $0.9892.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $265.66 million and generates $431.18 million in revenue each year. The shipping company earns $-58,020,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis. Teekay Tankers employs 1,700 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, HM11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]
MarketBeat Community Rating for Teekay Tankers (TNK)
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.
Teekay Tankers (NYSE:TNK) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Teekay Tankers in the last 12 months. Their average twelve-month price target is $1.60, suggesting that the stock has a possible upside of 61.75%. The high price target for TNK is $3.00 and the low price target for TNK is $1.00. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Sell |
| Consensus Rating Score: | 2.20 | 2.20 | 2.00 | 1.33 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $1.60 | $1.60 | $1.65 | $1.40 |
| Price Target Upside: | 61.75% upside | 40.35% upside | 30.95% upside | 3.45% downside |
Teekay Tankers (NYSE:TNK) Consensus Price Target History
Teekay Tankers (NYSE:TNK) Analyst Ratings History
Show:
(Data available from 5/28/2016 forward)
Teekay Tankers (NYSE:TNK) Dividend Information
Teekay Tankers pays an annual dividend of $0.12 per share, with a dividend yield of 12.13%. TNK's most recent quarterly dividend payment was Friday, March 9. Teekay Tankers pays out -109.09% of its earnings out as a dividend.
| Most Recent Dividend: | 3/9/2018 |
| Annual Dividend: | $0.12 |
| Dividend Yield: | 12.13% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | -109.09% (Trailing 12 Months of Earnings)
-36.36% (Based on This Year's Estimates)
-400.00% (Based on Next Year's Estimates)
39.91% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Teekay Tankers (NYSE:TNK) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/21/2018 | Quarterly | $0.03 | 9.52% | 3/2/2018 | 3/5/2018 | 3/9/2018 |
| 11/8/2017 | Quarterly | $0.03 | 8.28% | 11/17/2017 | 11/20/2017 | 11/24/2017 |
| 8/3/2017 | quarterly | $0.03 | 7.19% | 8/10/2017 | 8/14/2017 | 8/18/2017 |
| 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)
Teekay Tankers (NYSE TNK) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 30.73%
Teekay Tankers (NYSE TNK) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Teekay Tankers (NYSE TNK) News Headlines
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Teekay Tankers (NYSE:TNK) SEC Filings
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Teekay Tankers (NYSE:TNK) Income Statement, Balance Sheet and Cash Flow Statement
Teekay Tankers (NYSE TNK) Stock Chart for Monday, May, 28, 2018
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