Teekay Tankers - TNK Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" TNK shares.
View TNK analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month target prices for Teekay Tankers' shares. Their TNK share price forecasts range from $44.00 to $44.00. On average, they expect the company's stock price to reach $44.00 in the next year. This suggests a possible upside of 35.9% from the stock's current price.
View analysts price targets for TNK or view top-rated stocks among Wall Street analysts.

Teekay Tankers' stock was trading at $30.81 at the start of the year. Since then, TNK stock has increased by 5.1% and is now trading at $32.38.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TNK earnings forecast.

Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, November, 4th. The shipping company reported ($1.48) EPS for the quarter, beating analysts' consensus estimates of ($1.63) by $0.15. The shipping company earned $115.90 million during the quarter, compared to analysts' expectations of $37.25 million. Teekay Tankers had a trailing twelve-month return on equity of 5.19% and a net margin of 5.01%. Teekay Tankers's quarterly revenue was down 31.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS.

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 a variety of retail and institutional investors. Top institutional shareholders include DAVENPORT & Co LLC (0.63%), Nisa Investment Advisors LLC (0.00%), New York State Common Retirement Fund (0.00%), Navellier & Associates Inc. (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.00%) and Cornerstone Investment Partners LLC (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.
Compare Top Brokerages Here.

One share of TNK stock can currently be purchased for approximately $32.38.

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.