NYSE:TNK Teekay Tankers - TNK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $29.46 +0.96 (+3.37%) (As of 01/27/2023 01:34 PM ET) Add Compare Share Share Today's Range$28.65▼$29.9550-Day Range$26.71▼$35.0252-Week Range$10.25▼$36.61Volume230,337 shsAverage Volume405,947 shsMarket Capitalization$993.98 millionP/E Ratio23.95Dividend YieldN/APrice Target$44.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Teekay Tankers MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside48.8% Upside$44.00 Price TargetShort InterestHealthy3.94% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.19Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth139.38%From $5.79 to $13.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.70 out of 5 starsTransportation Sector16th out of 124 stocksWater Transportation Industry3rd out of 18 stocks 3.3 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $44.00, Teekay Tankers has a forecasted upside of 48.8% from its current price of $29.57.Amount of Analyst CoverageTeekay Tankers has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.94% of the float of Teekay Tankers has been sold short.Short Interest Ratio / Days to CoverTeekay Tankers has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently decreased by 6.32%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldTeekay Tankers does not currently pay a dividend.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 1.8 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Teekay Tankers this week, compared to 2 articles on an average week.Search InterestOnly 8 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Teekay Tankers is held by insiders.Percentage Held by InstitutionsOnly 28.74% of the stock of Teekay Tankers is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to grow by 139.38% in the coming year, from $5.79 to $13.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 24.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 24.04, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 20.44.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Teekay Tankers (NYSE:TNK) StockTeekay 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.Read More Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address TNK Stock News HeadlinesJanuary 24, 2023 | finance.yahoo.comTeekay Tankers (TNK) Gains As Market Dips: What You Should KnowJanuary 22, 2023 | thestreet.comTeekay Tankers Stock Hits New 52-Week Low (TNK)January 27, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 21, 2023 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Rating Lowered to Hold at StockNews.comJanuary 18, 2023 | finance.yahoo.comUnited Airlines (UAL) Tops Q4 Earnings, Revenues Rise Y/YJanuary 18, 2023 | finance.yahoo.comZacks Investment Ideas feature highlights: Teekay Tankers, Scorpio Tankers and International SeawaysJanuary 10, 2023 | finance.yahoo.comKirby (KEX) Reaches Conclusion for Distribution and ServicesJanuary 10, 2023 | finance.yahoo.comDelta Air Lines (DAL) Rides on Air-Travel Demand, Costs AilJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 6, 2023 | finance.yahoo.comTeekay Tankers (TNK) Stock Sinks As Market Gains: What You Should KnowJanuary 6, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in Teekay Tankers (TNK) Stock?January 5, 2023 | finance.yahoo.comGol Linhas (GOL) Tweaks 2022 Guidance, Issues 2023 ViewDecember 30, 2022 | finance.yahoo.comHere's Why You Should Hold Triton (TRTN) in Your PortfolioDecember 29, 2022 | finance.yahoo.comHere's Why American Airlines (AAL) Should Grace Your PortfolioDecember 28, 2022 | finance.yahoo.comHere's Why SkyWest (SKYW) Deserves a Place in Your PortfolioDecember 27, 2022 | finance.yahoo.comTeekay Tankers Ltd. (TNK) Is a Trending Stock: Facts to Know Before Betting on ItDecember 27, 2022 | finance.yahoo.com6 Reasons Why Investors Should Bet on Delta Air (DAL) StockDecember 19, 2022 | finance.yahoo.comInstitutional investors own a significant stake of 42% in Teekay Tankers Ltd. (NYSE:TNK)December 16, 2022 | finance.yahoo.comInvestors Heavily Search Teekay Tankers Ltd. (TNK): Here is What You Need to KnowDecember 15, 2022 | finance.yahoo.comAir Lease (AL) Rides on Fleet Growth, Rising Expenses AilDecember 12, 2022 | finance.yahoo.comJetBlue (JBLU), American Airlines (AAL) Welcomes New RoutesDecember 12, 2022 | seekingalpha.comTeekay Tankers: Looking For A Positive Outlook In 2023December 5, 2022 | finance.yahoo.comHere is What to Know Beyond Why Teekay Tankers Ltd. (TNK) is a Trending StockDecember 1, 2022 | finance.yahoo.com6 Reasons Why Investors Should Buy Air Transport (ATSG) StockNovember 30, 2022 | finance.yahoo.comZacks Industry Outlook Highlights GasLog Partners Teekay Tankers and Scorpio TankersNovember 28, 2022 | msn.comTeekay Tankers (TNK) Recently Broke Out Above the 20-Day Moving AverageNovember 28, 2022 | finance.yahoo.comThere's Been No Shortage Of Growth Recently For Teekay Tankers' (NYSE:TNK) Returns On CapitalSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address TNK Company Calendar Last Earnings11/03/2022Today1/27/2023Next Earnings (Estimated)2/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(604) 683-3529Fax441-292-3931Employees1,900Year Founded1973Price Target and Rating Average Stock Price Forecast$44.00 High Stock Price Forecast$44.00 Low Stock Price Forecast$44.00 Forecasted Upside/Downside+49.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.23 Trailing P/E Ratio23.95 Forward P/E Ratio5.09 P/E Growth0.68Net Income$-242,370,000.00 Net Margins5.01% Pretax Margin5.00% Return on Equity5.19% Return on Assets2.76% Debt Debt-to-Equity Ratio0.53 Current Ratio1.82 Quick Ratio1.45 Sales & Book Value Annual Sales$542.37 million Price / Sales1.83 Cash FlowN/A Price / Cash FlowN/A Book Value$24.85 per share Price / Book1.19Miscellaneous Outstanding Shares33,740,000Free FloatN/AMarket Cap$993.98 million OptionableOptionable Beta-0.03 Social Links Key ExecutivesMr. Kevin J. Mackay (Age 54)Pres & CEO Mr. Stewart Andrade (Age 50)Chief Financial Officer Mr. Jim BasterfieldHead of HRMs. Edith Robinson (Age 58)Corp. Sec. Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsGolden Ocean GroupNASDAQ:GOGLNordic American TankersNYSE:NATGolar LNGNASDAQ:GLNGGasLog PartnersNYSE:GLOPHöegh LNG PartnersNYSE:HMLPView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCBought 2,084 shares on 1/23/2023Ownership: 0.010%DAVENPORT & Co LLCBought 212,821 shares on 1/20/2023Ownership: 0.631%Ronald Blue Trust Inc.Bought 2,117 shares on 1/17/2023Ownership: 0.000%MQS Management LLCBought 7,679 shares on 12/12/2022Ownership: 0.023%Bank of New York Mellon CorpSold 2,464 shares on 12/8/2022Ownership: 0.245%View All Institutional Transactions TNK Stock - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 1 hold rating and 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 2023? 3 brokerages have issued 1-year price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $44.00 to $44.00. On average, they predict the company's share price to reach $44.00 in the next year. This suggests a possible upside of 54.4% from the stock's current price. View analysts price targets for TNK or view top-rated stocks among Wall Street analysts. How have TNK shares performed in 2023? Teekay Tankers' stock was trading at $30.81 on January 1st, 2023. Since then, TNK stock has decreased by 7.5% and is now trading at $28.50. View the best growth stocks for 2023 here. Are investors shorting Teekay Tankers? Teekay Tankers saw a decline in short interest in December. As of December 15th, there was short interest totaling 961,000 shares, a decline of 29.9% from the November 30th total of 1,370,000 shares. Based on an average trading volume of 504,800 shares, the short-interest ratio is currently 1.9 days. Approximately 4.0% of the shares of the stock are sold short. 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, February 23rd 2023. View our TNK earnings forecast. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, November, 3rd. The shipping company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by $0.11. The shipping company earned $144.37 million during the quarter, compared to analyst estimates of $154.19 million. Teekay Tankers had a trailing twelve-month return on equity of 5.19% and a net margin of 5.01%. When did Teekay Tankers' stock split? Teekay Tankers's stock 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 market closes 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 retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.63%), Ronald Blue Trust Inc. (0.00%) and Allspring Global Investments Holdings LLC (0.01%). 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 $28.50. How much money does Teekay Tankers make? Teekay Tankers (NYSE:TNK) has a market capitalization of $957.49 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 $1.23 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 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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