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NYSE:TNK - Teekay Tankers Stock Price, Forecast & News

$24.23
+2.27 (+10.34 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$22.88
Now: $24.23
$25.19
50-Day Range
$12.30
MA: $15.98
$21.00
52-Week Range
$7.46
Now: $24.23
$25.74
Volume2.03 million shs
Average Volume993,825 shs
Market Capitalization$813.40 million
P/E Ratio18.64
Dividend YieldN/A
Beta1.13
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
Teekay Tankers logo

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
CUSIPY8565N10
Phone441-298-2530

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$920.97 million
Cash Flow$6.20 per share
Book Value$29.49 per share

Profitability

Net Income$41.36 million

Miscellaneous

Employees2,100
Market Cap$813.40 million
Next Earnings Date5/28/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNK shares have increased by 37.1% and is now trading at $24.23. View which stocks have been mosted 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 1 hold rating and 3 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, May 28th 2020. View our earnings forecast for Teekay Tankers.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings data on Thursday, February, 27th. The shipping company reported $2.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.37 by $0.10. The shipping company had revenue of $303.90 million for the quarter, compared to analyst estimates of $193.64 million. Teekay Tankers had a net margin of 4.49% and a return on equity of 6.73%. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. View Teekay Tankers' earnings history.

When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work?

Shares of Teekay Tankers 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 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 Wall Street analysts have issued 1 year price targets for Teekay Tankers' stock. Their forecasts range from $21.00 to $28.00. On average, they expect Teekay Tankers' stock price to reach $24.33 in the next year. This suggests a possible upside of 0.4% from the stock's current price. View analysts' price targets for Teekay Tankers.

Has Teekay Tankers been receiving favorable news coverage?

News headlines about TNK stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Teekay Tankers earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTeekay Tankers.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a drop in short interest in March. As of March 13th, there was short interest totaling 899,100 shares, a drop of 5.3% from the February 27th total of 949,700 shares. Based on an average daily trading volume, of 804,400 shares, the short-interest ratio is presently 1.1 days. Approximately 3.8% of the company's shares are short sold. View Teekay Tankers' Current Options Chain.

Who are some of Teekay Tankers' key competitors?

What other stocks do shareholders of Teekay Tankers own?

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 HR
  • Mr. Raymond McNamara, Head of Ship Management
  • Mr. 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 variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (3.89%), Russell Investments Group Ltd. (1.64%), Marshall Wace LLP (1.60%), State Street Corp (1.34%), Man Group plc (0.84%) and Greywolf Capital Management LP (0.80%).

Which major investors are selling Teekay Tankers stock?

TNK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, AQR Capital Management LLC, Greywolf Capital Management LP, Geode Capital Management LLC, Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., and Marshall Wace LLP.

Which major investors are buying Teekay Tankers stock?

TNK stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Man Group plc, Marshall Wace North America L.P., Boston Partners, Cubist Systematic Strategies LLC, Massachusetts Financial Services Co. MA, SG Americas Securities LLC, and Caxton Associates LP.

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 $24.23.

How big of a company is Teekay Tankers?

Teekay Tankers has a market capitalization of $813.40 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. View additional information about Teekay Tankers.

What is Teekay Tankers' official website?

The official website for Teekay Tankers is http://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]


MarketBeat Community Rating for Teekay Tankers (NYSE TNK)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  393 (Vote Outperform)
Underperform Votes:  504 (Vote Underperform)
Total Votes:  897
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.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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