NYSE:TNKTeekay Tankers Stock Price, Forecast & News Adding Choose a 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. Log In and Add $17.31 -0.07 (-0.40 %) (As of 06/1/2020 04:00 PM ET) Add Compare Share Today's Range$17.25Now: $17.31▼$18.2550-Day Range$16.05MA: $18.96▼$25.1852-Week Range$7.68Now: $17.31▼$26.92Volume873,669 shsAverage Volume1.33 million shsMarket Capitalization$582.57 millionP/E Ratio4.27Dividend YieldN/ABeta0.22 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.33, Teekay Tankers has a potential upside of 40.6% from its current price of $17.31.Amount of Analyst CoverageTeekay Tankers has only been the subject of 1 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesTeekay Tankers has received 401 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTeekay Tankers has received 508 “underperform” votes. (Add your “underperform” vote.)Community SentimentTeekay Tankers has received 55.89% “underperform” votes from our community.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. 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 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 InstitutionsOnly 33.07% of the stock of Teekay Tankers is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -36.82% in the coming year, from $10.32 to $6.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 4.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 4.27, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.48.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.77 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK Previous Symbol CUSIPY8565N10 CIK1419945 Webwww.teekaytankers.com Phone441-298-2530Debt Debt-to-Equity Ratio0.76 Current Ratio2.02 Quick Ratio1.82Price-To-Earnings Trailing P/E Ratio4.27 Forward P/E Ratio1.68 P/E Growth0.56 Sales & Book Value Annual Sales$920.97 million Price / Sales0.63 Cash Flow$5.57 per share Price / Cash Flow3.11 Book Value$29.41 per share Price / Book0.59Profitability EPS (Most Recent Fiscal Year)$1.91 Net Income$41.36 million Net Margins13.18% Return on Equity16.13% Return on Assets7.28%Miscellaneous Employees2,100 Outstanding Shares33,655,000Market Cap$582.57 million Next Earnings Date8/6/2020 (Estimated) OptionableOptionable TNK Rates by TradingView Receive TNK News and Ratings via Email Sign-up to receive the latest news and ratings for TNK and its competitors with MarketBeat's FREE daily newsletter. Teekay Tankers (NYSE:TNK) Frequently Asked Questions How has Teekay Tankers' stock been impacted by COVID-19 (Coronavirus)? Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TNK stock has decreased by 2.0% and is now trading at $17.31. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Teekay Tankers? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Tankers. When is Teekay Tankers' next earnings date? Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Teekay Tankers. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) posted its quarterly earnings results on Thursday, May, 21st. The shipping company reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.91 by $0.36. The shipping company earned $341.90 million during the quarter, compared to analyst estimates of $227 million. Teekay Tankers had a net margin of 13.18% and a return on equity of 16.13%. Teekay Tankers's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. View Teekay Tankers' earnings history. When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work? Teekay Tankers's stock 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 Teekay Tankers stock prior to the reverse split would have 13 shares after the split. What price target have analysts set for TNK? 4 brokerages have issued 1-year target prices for Teekay Tankers' stock. Their forecasts range from $21.00 to $28.00. On average, they expect Teekay Tankers' share price to reach $24.33 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price. View analysts' price targets for Teekay Tankers. Has Teekay Tankers been receiving favorable news coverage? Press coverage about TNK stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Teekay Tankers earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutTeekay Tankers. Are investors shorting Teekay Tankers? Teekay Tankers saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 580,400 shares, a decline of 14.7% from the April 30th total of 680,500 shares. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.4% of the company's stock are short sold. View Teekay Tankers' Current Options Chain. Who are some of Teekay Tankers' key competitors? Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), SemGroup (SEMG), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay (TK) and GasLog (GLOG). View all competitors. 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), Willamette Valley Vineyards (WVVI), Ford Motor (F), General Electric (GE), Intel (INTC), Cara Therapeutics (CARA), AT&T (T) and Zynerba Pharmaceuticals (ZYNE). Who are Teekay Tankers' key executives? Teekay Tankers' management team includes the following people: Mr. Kevin J. Mackay, Pres & CEO (Age 50)Mr. Stewart Andrade, Chief Financial Officer (Age 46)Mr. Jim Basterfield, Head of HRMr. Raymond McNamara, Head of Ship ManagementMr. Kenneth Hvid, Director (Age 51) 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.79%), State Street Corp (1.26%), Wells Fargo & Company MN (0.93%), Russell Investments Group Ltd. (0.85%), JPMorgan Chase & Co. (0.73%) and Cobalt Capital Management Inc. (0.59%). Which major investors are selling Teekay Tankers stock? TNK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Squarepoint Ops LLC, Cobalt Capital Management Inc., AJO LP, AQR Capital Management LLC, Wells Fargo & Company MN, and Federated Hermes Inc.. Which major investors are buying Teekay Tankers stock? TNK stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Deutsche Bank AG, Hennessy Advisors Inc., MIK Capital LP, UBS Group AG, Morgan Stanley, Morgan Stanley, and Bowling Portfolio Management LLC. 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, Robinhood, Fidelity, and Charles Schwab. What is Teekay Tankers' stock price today? One share of TNK stock can currently be purchased for approximately $17.31. How big of a company is Teekay Tankers? Teekay Tankers has a market capitalization of $582.57 million and generates $920.97 million in revenue each year. The shipping company earns $41.36 million in net income (profit) each year or $1.91 on an earnings per share basis. Teekay Tankers employs 2,100 workers across the globe. What is Teekay Tankers' official website? The official website for Teekay Tankers is www.teekaytankers.com. How can I contact Teekay Tankers? Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected] This page was last updated on 6/1/2020 by MarketBeat.com Staff
