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NYSE:TNK

Teekay Tankers - TNK Stock Forecast, Price & News

$28.14
-0.11 (-0.39%)
(As of 09/26/2022 11:51 AM ET)
Add
Compare
Today's Range
$27.69
$28.75
50-Day Range
$18.26
$31.58
52-Week Range
$9.89
$31.98
Volume
13,996 shs
Average Volume
417,021 shs
Market Capitalization
$949.39 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.4% Downside
$28.00 Price Target
Short Interest
Healthy
3.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.60mentions of Teekay Tankers in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
138.61%
From $2.02 to $4.82 Per Share

Overall MarketRank

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

1.68 out of 5 stars

Transportation Sector

106th out of 125 stocks

Water Transportation Industry

15th out of 20 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

Okeanis Eco Tankers Corp (OET)
6 Reasons Why Investors Should Buy C.H. Robinson (CHRW) Now
United Airlines (UAL) Stock Up on Upbeat 3Q Revenue View
Ryder (R) to Benefit From Baton Acquisition: Here's How
Teekay Corporation Announces New Share Repurchase Program
Is Teekay Tankers (NYSE:TNK) A Risky Investment?
Teekay Clocks 82% Revenue Growth In Q2
Teekay Tankers Ltd. Reports Second Quarter 2022 Results
Teekay Corporation Reports Second Quarter 2022 Results
A Preview Of Teekay Tankers's Earnings
Teekay Tankers: A More Positive Outlook For 2022
Teekay Tankers Breaks Out of a Large Base Formation
Teekay (TK) Q1 2022 Earnings Call Transcript
See More Headlines
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TNK Company Calendar

Last Earnings
8/04/2022
Today
9/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$28.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
-0.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-242,370,000.00
Pretax Margin
-11.45%

Debt

Sales & Book Value

Annual Sales
$542.37 million
Book Value
$24.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$949.39 million
Optionable
Optionable
Beta
-0.09

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?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 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 2022?

2 analysts have issued 12 month price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $28.00 to $28.00. On average, they predict the company's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
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 on January 1st, 2022. Since then, TNK stock has increased by 159.2% and is now trading at $28.25.
View the best growth stocks for 2022 here
.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 755,600 shares, a decline of 47.9% from the August 15th total of 1,450,000 shares. Based on an average daily trading volume, of 416,100 shares, the short-interest ratio is presently 1.8 days. Approximately 3.2% of the shares of the company are short sold.
View Teekay Tankers' Short Interest
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Thursday, August, 4th. The shipping company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.33 by $0.43. The shipping company had revenue of $242.40 million for the quarter, compared to analysts' expectations of $109.04 million. Teekay Tankers had a negative trailing twelve-month return on equity of 7.48% and a negative net margin of 11.15%. Teekay Tankers's quarterly revenue was up 96.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.23) earnings per share.

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 variety of institutional and retail investors. Top institutional shareholders include Millennium Management LLC (1.60%), State Street Corp (1.23%), Northern Trust Corp (0.78%), Cubist Systematic Strategies LLC (0.67%), Citadel Advisors LLC (0.00%) and Russell Investments Group Ltd. (0.48%).

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 $28.25.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $953.10 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 ($2.29) 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 9/26/2022 by MarketBeat.com Staff

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