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
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:TNK
- CUSIP: Y8565N10
- Web: www.teekaytankers.com
Capitalization:- Market Cap: $233.21 million
- Outstanding Shares: 169,963,000
Average Prices:- 50 Day Moving Avg: $1.51
- 200 Day Moving Avg: $1.84
- 52 Week Range: $1.37 - $2.85
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.63
- P/E Growth: -12.54
Sales & Book Value:- Annual Revenue: $447.92 million
- Price / Sales: 0.62
- Book Value: $5.24 per share
- Price / Book: 0.31
Dividend:- Annual Dividend: $0.12
- Dividend Yield: 7.3%
Profitability:- EBIDTA: $107.4 million
- Net Margins: -7.38%
- Return on Equity: 0.39%
- Return on Assets: 0.19%
Debt:- Debt-to-Equity Ratio: 0.75%
- Current Ratio: 0.80%
- Quick Ratio: 0.80%
Misc:- Average Volume: 1.35 million shs.
- Beta: 2.27
- Short Ratio: 5.47
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 Thursday, August 3rd. Stockholders of record on Monday, August 14th will be given a dividend of $0.03 per share on Friday, August 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Thursday, August 10th. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of ($0.04). The business had revenue of $89.40 million for the quarter, compared to analyst estimates of $80.68 million. Teekay Tankers had a negative net margin of 7.38% and a positive return on equity of 0.39%. The business's revenue was down 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. 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?
3 analysts have issued 12 month price targets for Teekay Tankers' shares. Their predictions range from $1.80 to $3.00. On average, they anticipate Teekay Tankers' stock price to reach $2.40 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 YRC Worldwide (YRCW), Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK), Fly Leasing Limited (FLY), Dorian LPG (LPG), Teekay Offshore Partners L.P. (TOO), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Bristow Group (BRS), Roadrunner Transportation Systems (RRTS), Navios Maritime Partners LP (NMM), Safe Bulkers (SB), USD Partners LP (USDP), Ardmore Shipping Corporation (ASC), CryoPort (CYRX), Radiant Logistics (RLGT), Freightcar America (RAIL), Era Group (ERA) and Navios Maritime Holdings (NM).
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 D. Paterson, Director
- Richard J. F. Bronks, Independent Director
- Richard T. du Moulin, Independent Director
Who owns Teekay Tankers stock?
Teekay Tankers' stock is owned by many different of institutional and retail investors. Top institutional investors include Huber Capital Management LLC (8.81%),
HUBER CAPITAL MANAGEMENT LLC
(10.20%), Dimensional Fund Advisors LP (3.76%), Northern Trust Corp (1.87%), State Street Corp (1.15%) and Schroder Investment Management Group (0.80%). View Institutional Ownership Trends for Teekay Tankers.
Who sold Teekay Tankers stock? Who is selling Teekay Tankers stock?
Teekay Tankers' stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Evergreen Capital Management LLC, TIAA CREF Investment Management LLC, Acadian Asset Management LLC, OxFORD Asset Management LLP, Goldman Sachs Group Inc., Gotham Asset Management LLC and UBS Oconnor LLC. View Insider Buying and Selling for Teekay Tankers.
Who bought Teekay Tankers stock? Who is buying Teekay Tankers stock?
Teekay Tankers' stock was acquired by a variety of institutional investors in the last quarter, including Huber Capital Management LLC, Northern Trust Corp, Municipal Employees Retirement System of Michigan, Dimensional Fund Advisors LP, Systematic Financial Management LP, State Street Corp, Schroder Investment Management Group and Berson & Corrado Investment Advisors LLC. View Insider Buying and Selling for Teekay Tankers.
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 $1.64.
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: | 1 Sell Rating, 2 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.67) |
| Consensus Price Target: | $2.40 (46.34% 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 9/24/2015 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 |
|---|
| 11/1/2017 | | ($0.21) | | | | | N/A | |
| 8/3/2017 | 6/30/2017 | ($0.04) | ($0.04) | $80.68 million | $89.40 million | View | Listen | |
| 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: $0.43
| 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 | $0.10 | $0.10 | $0.10 |
| 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: | 8/18/2017 |
| Annual Dividend: | $0.12 |
| Dividend Yield: | 7.32% |
| Dividend Growth: | 35.70% (3 Year Average) |
| Payout Ratio: | -63.16% (Trailing 12 Months of Earnings)
-200.00% (Based on This Year's Estimates)
63.16% (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 |
|---|
| 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)
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)
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Teekay Tankers (TNK) Chart for Sunday, September, 24, 2017
