Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. As of December 31, 2017, it operated a fleet of 52 owned conventional tankers, 4 conventional tankers related to capital leases, 1 in-chartered vessel, and 1 jointly-owned very large crude carrier; and 6 ship-to-ship support vessels. The company's vessels operated under fixed-rate time charter contracts with its customers. Teekay Tankers Ltd. was founded in 2007 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TNK
CUSIPY8565N10
Phone441-298-2530
Debt
Debt-to-Equity Ratio0.96
Current Ratio0.70
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio-9.00
Forward P/E Ratio-3.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$431.18 million
Price / Sales0.62
Cash Flow$0.2912 per share
Price / Cash3.40
Book Value$3.75 per share
Price / Book0.26
Profitability
EPS (Most Recent Fiscal Year)($0.11)
Net Income$-58,020,000.00
Net Margins-13.20%
Return on Equity-7.43%
Return on Assets-3.43%
Miscellaneous
Employees1,700
Outstanding Shares268,560,000
Market Cap$273.93 million
Teekay Tankers (NYSE:TNK) Frequently Asked Questions
What is Teekay Tankers' stock symbol?
Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."
How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?
Teekay Tankers declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 5th will be given a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date is Friday, March 2nd. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings data on Thursday, August, 2nd. The shipping company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.11). The shipping company earned $84.70 million during the quarter, compared to analysts' expectations of $77.53 million. Teekay Tankers had a negative return on equity of 7.43% and a negative net margin of 13.20%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
6 analysts have issued 12 month price targets for Teekay Tankers' stock. Their predictions range from $1.00 to $3.00. On average, they expect Teekay Tankers' share price to reach $1.65 in the next year. This suggests a possible upside of 66.7% from the stock's current price. View Analyst Price Targets for Teekay Tankers.
What is the consensus analysts' recommendation for Teekay Tankers?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay Tankers.
Are investors shorting Teekay Tankers?
Teekay Tankers saw a drop in short interest in June. As of June 29th, there was short interest totalling 3,419,203 shares, a drop of 49.4% from the June 15th total of 6,760,521 shares. Based on an average daily volume of 2,262,077 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% 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 Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG), Hornbeck Offshore Services (HOS), Odyssey Marine Exploration (OMEX), EuroDry (EDRY) and Caspian Services (CSSV).
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Mr. Kevin J. Mackay, Pres & CEO (Age 49)
- Mr. Stewart Andrade, Chief Financial Officer (Age 45)
- Mr. Jim Basterfield, Head of HR
- Mr. Raymond McNamara, Head of Ship Management
- Mr. Kenneth Hvid, Director (Age 50)
Has Teekay Tankers been receiving favorable news coverage?
Headlines about TNK stock have been trending positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Tankers earned a news and rumor sentiment score of 0.28 on Accern's scale. They also assigned headlines about the shipping company an impact score of 47.47 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Teekay Tankers.
Who are Teekay Tankers' major shareholders?
Teekay Tankers' stock is owned by a number of of institutional and retail investors. Top institutional investors include Huber Capital Management LLC (5.59%), BlueMountain Capital Management LLC (2.94%), Dimensional Fund Advisors LP (1.60%), Renaissance Technologies LLC (0.82%), Bienville Capital Management LLC (0.33%) and Millennium Management LLC (0.19%).
Which institutional investors are selling Teekay Tankers stock?
TNK stock was sold by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Huber Capital Management LLC and Dimensional Fund Advisors LP.
Which institutional investors are buying Teekay Tankers stock?
TNK stock was acquired by a variety of institutional investors in the last quarter, including Bienville Capital Management LLC, Renaissance Technologies LLC and Millennium 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, Scottrade, Fidelity and Charles Schwab.
What is Teekay Tankers' stock price today?
One share of TNK stock can currently be purchased for approximately $0.99.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $273.93 million and generates $431.18 million in revenue each year. The shipping company earns $-58,020,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis. Teekay Tankers employs 1,700 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, HM11. 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)
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.
