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.
Industry, Sector and Symbol
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Phone441-298-2530
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$755.76 million
Profitability
Miscellaneous
Employees2,200
Next Earnings Date5/16/2019 (Estimated)
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) issued its quarterly earnings data on Thursday, February, 21st. The shipping company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The shipping company had revenue of $129.10 million for the quarter, compared to analyst estimates of $116.66 million. Teekay Tankers had a negative net margin of 6.95% and a negative return on equity of 5.74%. The company's revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
5 Wall Street analysts have issued 1-year target prices for Teekay Tankers' shares. Their predictions 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 0.5% 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 1 sell rating, 3 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?
Media coverage about TNK stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teekay Tankers earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.
Who are some of Teekay Tankers' key competitors?
Some companies that are related to Teekay Tankers include Tidewater (TDW), Golar LNG Partners (GMLP), GasLog Partners LP Unit (GLOP), Golden Ocean Group (GOGL), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), Teekay Offshore Partners (TOO), International Seaways (INSW), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG), Odyssey Marine Exploration (OMEX), Hornbeck Offshore Services (HOS), EuroDry (EDRY) and Caspian Services (CSSV).
What other stocks do shareholders of Teekay Tankers own?
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)
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 $1.07.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $287.36 million and generates $755.76 million in revenue each year. The shipping company earns $-52,550,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Teekay Tankers employs 2,200 workers across the globe.
What is Teekay Tankers' official website?
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)
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.
