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

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$1.06 0.00 (0.00 %)
(As of 02/22/2019 04:47 AM ET)
Previous Close$1.06
Today's Range$1.06 - $1.11
52-Week Range$0.87 - $1.36
Volume4.04 million shs
Average Volume1.16 million shs
Market Capitalization$284.67 million
P/E Ratio-9.64
Dividend Yield2.83%
Beta1.34
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.

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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$431.18 million
Cash Flow$0.3003 per share
Book Value$3.75 per share

Profitability

Net Income$-58,020,000.00

Miscellaneous

Employees2,200
Market Cap$284.67 million
Next Earnings DateN/A
OptionableOptionable

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 were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Thursday, February, 21st. The shipping company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.03. The shipping company earned $129.10 million during the quarter, compared to the consensus estimate of $116.66 million. Teekay Tankers had a negative net margin of 10.61% and a negative return on equity of 7.71%. The firm's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. View Teekay Tankers' Earnings History.

What price target have analysts set for TNK?

5 brokerages have issued 12-month target prices for Teekay Tankers' stock. Their forecasts range from $1.00 to $1.30. On average, they anticipate Teekay Tankers' share price to reach $1.0750 in the next year. This suggests a possible upside of 1.4% from the stock's current price. View Analyst Price Targets for Teekay Tankers.

What is the consensus analysts' recommendation for Teekay Tankers?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay Tankers.

Has Teekay Tankers been receiving favorable news coverage?

News coverage about TNK stock has trended positive on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Teekay Tankers earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the stock's share price in the immediate future.

Who are some of Teekay Tankers' key competitors?

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 General Electric (GE), Advanced Micro Devices (AMD), Petra Diamonds (PDL), Laredo Petroleum (LPI), AT&T (T), Input Capital (INP), Chesapeake Energy (CHK), Circle Oil (COP), Bank of America (BAC) and Nordic American Tanker (NAT).

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the folowing 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)

Who are Teekay Tankers' major shareholders?

Teekay Tankers' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.31%), Dimensional Fund Advisors LP (1.39%), GSA Capital Partners LLP (0.72%), Geode Capital Management LLC (0.25%), 683 Capital Management LLC (0.19%) and Wedbush Securities Inc. (0.13%).

Which institutional investors are selling Teekay Tankers stock?

TNK stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP and New York State Common Retirement Fund.

Which institutional investors are buying Teekay Tankers stock?

TNK stock was bought by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, 683 Capital Management LLC, Wedbush Securities Inc., Weiss Multi Strategy Advisers LLC, BlackRock Inc., Geode Capital Management LLC, Essex Financial Services Inc. and Rhumbline Advisers.

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 $1.06.

How big of a company is Teekay Tankers?

Teekay Tankers has a market capitalization of $284.67 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 2,200 workers across the globe.

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, 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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  290 (Vote Outperform)
Underperform Votes:  402 (Vote Underperform)
Total Votes:  692
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 2/22/2019 by MarketBeat.com Staff

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