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Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The single greatest medical breakthrough of all time? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The single greatest medical breakthrough of all time? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The single greatest medical breakthrough of all time? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The single greatest medical breakthrough of all time? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The single greatest medical breakthrough of all time? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The single greatest medical breakthrough of all time? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
NYSE:TNK

Teekay Tankers - TNK Stock Forecast, Price & News

$35.02
+2.37 (+7.26%)
(As of 12/2/2022 12:00 AM ET)
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Today's Range
$32.35
$35.19
50-Day Range
$26.42
$35.02
52-Week Range
$9.89
$35.44
Volume
604,895 shs
Average Volume
423,423 shs
Market Capitalization
$1.18 billion
P/E Ratio
28.47
Dividend Yield
N/A
Price Target
$44.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.6% Upside
$44.00 Price Target
Short Interest
Bearish
5.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Teekay Tankers in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
143.11%
From $5.59 to $13.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Transportation Sector

53rd out of 123 stocks

Water Transportation Industry

9th out of 17 stocks

TNK stock logo

About Teekay Tankers (NYSE:TNK) Stock

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

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TNK Stock News Headlines

Teekay Tankers (NYSE:TNK) PT Raised to $44.00
StockNews.com Downgrades Teekay Tankers (NYSE:TNK) to Hold
Teekay Tankers (NYSE:TNK) Stock Price Down 4.6%
Teekay Tankers: Tanker Rates Stay High
Recap: Teekay Tankers Q3 Earnings
Teekay Tankers Ltd. Reports Third Quarter 2022 Results
Teekay Corporation Reports Third Quarter 2022 Results
Teekay Tankers's Earnings: A Preview
Teekay Announces Senior Management Change
See More Headlines
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TNK Company Calendar

Last Earnings
11/03/2022
Today
12/03/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,900
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$44.00
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+25.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-242,370,000.00
Pretax Margin
5.00%

Debt

Sales & Book Value

Annual Sales
$542.37 million
Book Value
$27.35 per share

Miscellaneous

Free Float
33,097,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
-0.08

Social Links


Key Executives

  • Mr. Kevin J. Mackay (Age 53)
    Pres & CEO
  • Mr. Stewart Andrade (Age 49)
    Chief Financial Officer
  • Mr. Jim Basterfield
    Head of HR
  • Ms. Edith Robinson (Age 57)
    Corp. Sec.
  • Mr. Christian Waldegrave
    Director of Research & Commercial Performance













TNK Stock - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

3 Wall Street equities research 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 equities research 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 analysts have issued 12 month price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $44.00 to $44.00. On average, they expect the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 25.6% 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 2022?

Teekay Tankers' stock was trading at $10.90 at the beginning of 2022. Since then, TNK stock has increased by 221.3% and is now trading at $35.02.
View the best growth stocks for 2022 here
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, November, 3rd. The shipping company reported $1.70 earnings per share 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 the consensus estimate of $154.19 million. Teekay Tankers had a trailing twelve-month return on equity of 5.19% and a net margin of 5.01%.

When did Teekay Tankers' stock split?

Shares of Teekay Tankers reverse split on the morning of 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.97%), Dimensional Fund Advisors LP (4.94%), Two Sigma Investments LP (1.59%), Two Sigma Advisers LP (1.42%), Marshall Wace LLP (1.07%) and State Street Corp (1.04%).

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 $35.02.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.18 billion 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.

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 12/4/2022 by MarketBeat.com Staff