NYSE:TNKTeekay Tankers Stock Price, Forecast & News

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TNK shares have decreased by 1.5% and is now trading at $17.40. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Tankers.

Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Teekay Tankers.

Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings data on Thursday, May, 21st. The shipping company reported $3.27 EPS for the quarter, topping the Zacks' consensus estimate of $2.91 by $0.36. The shipping company earned $341.90 million during the quarter, compared to the consensus estimate of $227 million. Teekay Tankers had a net margin of 13.18% and a return on equity of 16.74%. Teekay Tankers's revenue was up 43.5% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. View Teekay Tankers' earnings history.

Teekay Tankers's stock 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 market closes on Friday, November 22nd 2019. An investor that had 100 shares of Teekay Tankers stock prior to the reverse split would have 13 shares after the split.

4 brokerages have issued 1 year price objectives for Teekay Tankers' stock. Their forecasts range from $21.00 to $28.00. On average, they anticipate Teekay Tankers' share price to reach $24.33 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price. View analysts' price targets for Teekay Tankers.

Media stories about TNK stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Teekay Tankers earned a daily sentiment score of 0.7 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutTeekay Tankers.

Teekay Tankers saw a drop in short interest in May. As of May 15th, there was short interest totaling 580,400 shares, a drop of 14.7% from the April 30th total of 680,500 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 0.4 days. Currently, 2.4% of the shares of the company are short sold. View Teekay Tankers' Current Options Chain.

Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Ship Finance International (SFL), SemGroup (SEMG), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay (TK) and GasLog (GLOG). View all competitors.

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), Willamette Valley Vineyards (WVVI), Ford Motor (F), General Electric (GE), Intel (INTC), Cara Therapeutics (CARA), AT&T (T) and Zynerba Pharmaceuticals (ZYNE).

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

Teekay Tankers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.79%), State Street Corp (1.26%), Wells Fargo & Company MN (0.93%), Russell Investments Group Ltd. (0.85%), JPMorgan Chase & Co. (0.73%) and Cobalt Capital Management Inc. (0.59%).

TNK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Squarepoint Ops LLC, Cobalt Capital Management Inc., AJO LP, AQR Capital Management LLC, Wells Fargo & Company MN, and Federated Hermes Inc..

TNK stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Deutsche Bank AG, Hennessy Advisors Inc., MIK Capital LP, UBS Group AG, Morgan Stanley, Morgan Stanley, and Bowling Portfolio Management LLC.

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, Robinhood, Fidelity, and Charles Schwab.

One share of TNK stock can currently be purchased for approximately $17.40.

Teekay Tankers has a market capitalization of $585.51 million and generates $920.97 million in revenue each year. The shipping company earns $41.36 million in net income (profit) each year or $1.91 on an earnings per share basis. Teekay Tankers employs 2,100 workers across the globe.

The official website for Teekay Tankers is www.teekaytankers.com.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]