NYSE:TNK Teekay Tankers - TNK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $43.72 +0.02 (+0.05%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$43.63▼$44.7350-Day Range$28.38▼$47.6152-Week Range$12.89▼$48.05Volume281,377 shsAverage Volume604,421 shsMarket CapitalizationN/AP/E Ratio6.57Dividend YieldN/APrice Target$51.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Teekay Tankers MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside16.7% Upside$51.00 Price TargetShort InterestHealthy5.11% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.71Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth-41.20%From $12.04 to $7.08 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.1.74 out of 5 stars 2.3 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 16.7% from its current price of $43.72.Amount of Analyst CoverageTeekay Tankers has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.11% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently decreased by 1.59%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldTeekay Tankers does not currently pay a dividend.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 3.2 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Teekay Tankers this week, compared to 2 articles on an average week.Search InterestOnly 20 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of -13% 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 20% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -41.20% in the coming year, from $12.04 to $7.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 6.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.03.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 6.57, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 30.54.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.20. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.38. 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 HeadlinesMarch 27, 2023 | finance.yahoo.comTeekay Tankers' (NYSE:TNK) investors will be pleased with their enviable 389% return over the last five yearsMarch 25, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Teekay Tankers Ltd.'s FY2023 Earnings (NYSE:TNK)March 29, 2023 | Investing Daily (Ad)A 100% Win Rate In 2022…The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. March 22, 2023 | americanbankingnews.comTeekay Tankers Ltd. (NYSE:TNK) Forecasted to Earn FY2024 Earnings of $11.05 Per ShareMarch 22, 2023 | americanbankingnews.comJefferies Financial Group Weighs in on Teekay Tankers Ltd.'s FY2024 Earnings (NYSE:TNK)March 20, 2023 | finance.yahoo.comRising Chinese Crude Demand Sends Supertanker Rates SoaringMarch 17, 2023 | finance.yahoo.comTeekay Tankers (TNK) Dips More Than Broader Markets: What You Should KnowMarch 10, 2023 | fool.comTeekay Tankers (NYSE: TNK)March 29, 2023 | Investing Daily (Ad)A 100% Win Rate In 2022…The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. March 3, 2023 | msn.comChart of the Day: Teekay Tankers -- Chosen Again - Hard to IgnoreFebruary 25, 2023 | seekingalpha.comTeekay Tankers Ltd (TNK) Q4 2022 Earnings Call TranscriptFebruary 25, 2023 | finance.yahoo.comTeekay Tankers Full Year 2022 Earnings: EPS: US$6.74 (vs US$7.16 loss in FY 2021)February 24, 2023 | markets.businessinsider.comBank of America Securities Keeps Their Hold Rating on Teekay Tankers (TNK)February 23, 2023 | markets.businessinsider.comTeekay Tankers Climbs 11% As Quarterly Results Trounce EstimatesFebruary 23, 2023 | msn.comTeekay Tankers stock soars 13% after Q4 earnings beat impresses Wall St.February 23, 2023 | finance.yahoo.comAnalysts Say These World Growth Stocks Will Beat The S&P 500February 23, 2023 | finance.yahoo.comTeekay Corporation Reports Fourth Quarter and Annual 2022 ResultsFebruary 23, 2023 | finance.yahoo.comTeekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 ResultsFebruary 22, 2023 | finance.yahoo.comThese European Stocks Could Outperform The S&P 500 In 2023February 17, 2023 | finance.yahoo.comTeekay Tankers (TNK) to Post Q4 Earnings: What's in Store?February 16, 2023 | finance.yahoo.comTeekay Group to Announce Fourth Quarter and Annual 2022 Earnings Results on February 23, 2023February 16, 2023 | finance.yahoo.comTeekay Tankers (TNK) to Report Q4 Results: Wall Street Expects Earnings GrowthFebruary 15, 2023 | theglobeandmail.comBullish on Teekay Tankers Ltd.February 14, 2023 | finance.yahoo.comArdmore Shipping (ASC) Q4 Earnings and Revenues Beat EstimatesFebruary 8, 2023 | finance.yahoo.comTeekay Tankers (TNK) Stock Moves -0.23%: What You Should KnowFebruary 8, 2023 | finance.yahoo.comDHT Holdings (DHT) Surpasses Q4 Earnings EstimatesFebruary 1, 2023 | finance.yahoo.comTeekay Tankers (TNK) Just Overtook the 50-Day Moving AverageSee 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 Earnings2/23/2023Today3/29/2023Next Earnings (Estimated)5/11/2023Fiscal 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(604) 683-3529Fax441-292-3931Employees1,900Year 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+16.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$6.65 Trailing P/E Ratio6.57 Forward P/E Ratio3.63 P/E Growth1.2Net Income$229.09 million Net Margins21.55% Pretax Margin21.60% Return on Equity23.65% Return on Assets13.11% Debt Debt-to-Equity Ratio0.44 Current Ratio2.70 Quick Ratio2.34 Sales & Book Value Annual Sales$1.06 billion Price / SalesN/A Cash Flow$9.44 per share Price / Cash Flow4.63 Book Value$31.72 per share Price / Book1.38Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta-0.13 Social Links Key ExecutivesKevin J. MackayPresident & Chief Executive OfficerStewart AndradeCFO, Principal Accounting Officer & EVPChristian WaldegraveManager-ResearchRyan J. HamiltonHead-Investor RelationsJim BasterfieldHead-Human ResourcesKey CompetitorsBrooge EnergyNASDAQ:BROGWSeanergy MaritimeNASDAQ:SHIPNordic American TankersNYSE:NATGolden Ocean GroupNASDAQ:GOGLGolar LNGNASDAQ:GLNGView All CompetitorsInstitutional OwnershipTruist Financial CorpBought 15,720 shares on 2/17/2023Ownership: 0.000%Alliancebernstein L.P.Sold 19,720 shares on 2/16/2023Ownership: 0.000%Financial Advocates Investment ManagementBought 12,395 shares on 2/16/2023Ownership: 0.000%State of WyomingBought 4,984 shares on 2/16/2023Ownership: 0.000%Jane Street Group LLCSold 2,400 shares on 2/15/2023Ownership: 0.000%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 year. 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 equities research analysts have issued 1-year price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $51.00 to $51.00. On average, they anticipate the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 16.7% 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 2023. Since then, TNK stock has increased by 41.9% and is now trading at $43.72. 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, May 11th 2023. View our TNK earnings forecast. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings data on Thursday, February, 23rd. The shipping company reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.82. The shipping company had revenue of $367.30 million for the quarter, compared to analysts' expectations of $211.54 million. Teekay Tankers had a net margin of 21.55% and a trailing twelve-month return on equity of 23.65%. The firm's quarterly revenue was up 129.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.74) earnings per share. What ETFs hold Teekay Tankers' stock? ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), 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), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and iShares Micro-Cap ETF (IWC). When did Teekay Tankers' stock split? Shares of Teekay Tankers 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 institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.00%), Millennium Management LLC (0.00%), Morgan Stanley (0.00%), Marshall Wace LLP (0.00%), Two Sigma Investments LP (0.00%) and Charles Schwab Investment Management Inc. (0.00%). 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 $43.72. 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 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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