Teekay Tankers - TNK Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" TNK shares.
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3 equities research analysts have issued 1-year price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $51.00 to $51.00. On average, they anticipate the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Teekay Tankers' stock was trading at $30.81 at the beginning of 2023. Since then, TNK stock has increased by 41.9% and is now trading at $43.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings data on Thursday, February, 23rd. The shipping company reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.82. The shipping company had revenue of $367.30 million for the quarter, compared to analysts' expectations of $211.54 million. Teekay Tankers had a net margin of 21.55% and a trailing twelve-month return on equity of 23.65%. The firm's quarterly revenue was up 129.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.74) earnings per share.

ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Dynamic Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and iShares Micro-Cap ETF (IWC).

Shares of Teekay Tankers reverse split 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 stock prior to the reverse split would have 13 shares after the split.

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).

Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."

Teekay Tankers' stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.00%), Millennium Management LLC (0.00%), Morgan Stanley (0.00%), Marshall Wace LLP (0.00%), Two Sigma Investments LP (0.00%) and Charles Schwab Investment Management Inc. (0.00%).

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.
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One share of TNK stock can currently be purchased for approximately $43.72.

The company employs 1,900 workers across the globe.

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.