Teekay Tankers - TNK Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNK shares.
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3 brokerages have issued 1-year price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $44.00 to $44.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests a possible upside of 54.4% from the stock's current price.
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Teekay Tankers' stock was trading at $30.81 on January 1st, 2023. Since then, TNK stock has decreased by 7.5% and is now trading at $28.50.
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Teekay Tankers saw a decline in short interest in December. As of December 15th, there was short interest totaling 961,000 shares, a decline of 29.9% from the November 30th total of 1,370,000 shares. Based on an average trading volume of 504,800 shares, the short-interest ratio is currently 1.9 days. Approximately 4.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, November, 3rd. The shipping company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by $0.11. The shipping company earned $144.37 million during the quarter, compared to analyst estimates of $154.19 million. Teekay Tankers had a trailing twelve-month return on equity of 5.19% and a net margin of 5.01%.

Teekay Tankers's stock reverse split before market open 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 market closes 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.

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).

Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."

Teekay Tankers' stock is owned by a variety of retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.63%), Ronald Blue Trust Inc. (0.00%) and Allspring Global Investments Holdings LLC (0.01%).

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.
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One share of TNK stock can currently be purchased for approximately $28.50.

Teekay Tankers (NYSE:TNK) has a market capitalization of $957.49 million and generates $542.37 million in revenue each year. The shipping company earns $-242,370,000.00 in net income (profit) each year or $1.23 on an earnings per share basis.

The company employs 1,900 workers across the globe.

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.