NYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis → FW: 234x Gain (From Weiss Ratings) (Ad) Free TNK Stock Alerts $60.13 -0.15 (-0.25%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$59.38▼$60.6150-Day Range$53.11▼$60.9552-Week Range$35.00▼$64.42Volume220,977 shsAverage Volume423,830 shsMarket Capitalization$2.06 billionP/E Ratio4.05Dividend Yield1.66%Price Target$71.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Teekay Tankers alerts: Email Address Teekay Tankers MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside19.2% Upside$71.67 Price TargetShort InterestHealthy2.90% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.11Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-20.35%From $14.25 to $11.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.79 out of 5 starsTransportation Sector391st out of 678 stocksWater Transportation Industry43rd out of 102 stocks 2.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.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 Shorted2.90% 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 1.6, 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 9.47%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 6.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Teekay Tankers will have a dividend payout ratio of 8.81% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 1.7 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.11. 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 0.41 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Teekay Tankers this week, compared to 3 articles on an average week.Search Interest20 people have searched for TNK on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% compared to the previous 30 days. Previous Next 0.8 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 Institutions52.67% of the stock of Teekay Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -20.35% in the coming year, from $14.25 to $11.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 4.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 4.05, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 15.86.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.34. 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 Ad Banyan Hill PublishingForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsIf you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)Watch my video for all of the details About Teekay Tankers Stock (NYSE:TNK)Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.Read More TNK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNK Stock News HeadlinesMay 3, 2024 | finance.yahoo.comHere's What Could Help Teekay Tankers (TNK) Maintain Its Recent Price StrengthMay 1, 2024 | globenewswire.comTeekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024May 3, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.April 26, 2024 | msn.comDelek Logistics Partners raises dividend by 1.4% to $1.07 a shareApril 20, 2024 | seekingalpha.comTNK Teekay Tankers Ltd.April 15, 2024 | finance.yahoo.comReturns On Capital Are A Standout For Teekay Tankers (NYSE:TNK)April 8, 2024 | barrons.comTeekay Tankers Ltd.April 1, 2024 | seekingalpha.comTeekay Tankers: Low Tanker Fleet Growth Points To Years Of High ProfitsMay 3, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.March 25, 2024 | globenewswire.comTeekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023March 25, 2024 | finance.yahoo.comTeekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five yearsMarch 19, 2024 | ca.finance.yahoo.comTNK Apr 2024 70.000 callMarch 16, 2024 | ca.finance.yahoo.comTNK Apr 2024 60.000 callMarch 12, 2024 | markets.businessinsider.comHere's what Wall Street expects from Pangaea Logistics Solutions's earningsMarch 8, 2024 | msn.comTeekay Tankers (NYSE:TNK) Floats on a Sea of Opportunity for Value InvestorsMarch 4, 2024 | finance.yahoo.comAre Strong Financial Prospects The Force That Is Driving The Momentum In Teekay Tankers Ltd.'s NYSE:TNK) Stock?March 1, 2024 | msn.comTeekay Tankers (TNK) Declares $0.25 DividendFebruary 28, 2024 | seekingalpha.comTeekay Tankers: Bulletproof Balance Sheet And 11% Loan To Value At A Reasonable PriceFebruary 26, 2024 | finance.yahoo.comTNK Apr 2024 65.000 callFebruary 25, 2024 | msn.comTeekay Tankers (TNK) Price Target Increased by 9.14% to 71.06February 23, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Teekay Tankers (TNK), Coterra Energy (CTRA) and Northern Oil And Gas (NOG)February 23, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Q4 2023 Earnings Call TranscriptFebruary 22, 2024 | finance.yahoo.comTeekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares DividendFebruary 22, 2024 | globenewswire.comTeekay Corporation Reports Fourth Quarter and Annual 2023 ResultsFebruary 22, 2024 | globenewswire.comTeekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares DividendFebruary 21, 2024 | benzinga.comEarnings Outlook For Teekay TankersFebruary 21, 2024 | msn.comTeekay Tankers Q4 2023 Earnings PreviewSee More Headlines 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 Company Calendar Last Earnings2/22/2024Ex-Dividend for 3/15 Dividend3/01/2024Dividend Payable3/15/2024Today5/03/2024Next Earnings (Confirmed)5/09/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,590Year Founded1973Price Target and Rating Average Stock Price Target$71.67 High Stock Price Target$73.00 Low Stock Price Target$70.00 Potential Upside/Downside+19.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.86 Trailing P/E Ratio4.05 Forward P/E Ratio4.23 P/E Growth1.35Net Income$513.67 million Net Margins37.65% Pretax Margin38.34% Return on Equity36.16% Return on Assets27.57% Debt Debt-to-Equity Ratio0.08 Current Ratio4.40 Quick Ratio4.02 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.51 Cash Flow$18.37 per share Price / Cash Flow3.28 Book Value$44.75 per share Price / Book1.35Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$2.06 billion OptionableOptionable Beta-0.27 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kevin J. Mackay (Age 55)President & CEO Mr. Stewart Andrade (Age 51)Chief Financial Officer Mr. Jim BasterfieldHead of Human ResourcesMs. Edith Robinson (Age 59)Corporate Secretary Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsNordic American TankersNYSE:NATInternational SeawaysNYSE:INSWMatsonNYSE:MATXKirbyNYSE:KEXStar Bulk CarriersNASDAQ:SBLKView All CompetitorsInstitutional OwnershipDaiwa Securities Group Inc.Bought 9,600 shares on 5/2/2024Ownership: 0.033%Mirae Asset Global Investments Co. Ltd.Sold 802 shares on 5/1/2024Ownership: 0.030%Principal Financial Group Inc.Bought 52,476 shares on 4/29/2024Ownership: 2.585%Simplicity Wealth LLCBought 9,570 shares on 4/24/2024Ownership: 0.028%U S Global Investors Inc.Bought 469 shares on 4/24/2024Ownership: 0.013%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNK shares. View TNK analyst ratings or view top-rated stocks. What is Teekay Tankers' stock price target for 2024? 3 Wall Street research analysts have issued 12 month price targets for Teekay Tankers' stock. Their TNK share price targets range from $70.00 to $73.00. On average, they predict the company's share price to reach $71.67 in the next twelve months. This suggests a possible upside of 19.2% 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 2024? Teekay Tankers' stock was trading at $49.97 at the start of the year. Since then, TNK stock has increased by 20.3% and is now trading at $60.13. View the best growth stocks for 2024 here. When is Teekay Tankers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our TNK earnings forecast. How can I listen to Teekay Tankers' earnings call? Teekay Tankers will be holding an earnings conference call on Thursday, May 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, February, 22nd. The shipping company reported $2.87 EPS for the quarter, missing analysts' consensus estimates of $3.68 by $0.81. The shipping company earned $194.46 million during the quarter, compared to analyst estimates of $219.93 million. Teekay Tankers had a net margin of 37.65% and a trailing twelve-month return on equity of 36.16%. How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers? Teekay Tankers declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Monday, March 4th will be given a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, March 1st. Read our dividend analysis for TNK. Is Teekay Tankers a good dividend stock? Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 8.81% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TNK. What ETFs hold Teekay Tankers' stock? ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), Roundhill Acquirers Deep Value ETF (DEEP), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and iShares US Small Cap Value Factor ETF (SVAL). When did Teekay Tankers' stock split? Shares of Teekay Tankers reverse split on the morning of 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. 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). Who are Teekay Tankers' major shareholders? Teekay Tankers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (2.59%), Paradiem LLC (0.16%), Allspring Global Investments Holdings LLC (0.06%), Sumitomo Mitsui Trust Holdings Inc. (0.04%), Daiwa Securities Group Inc. (0.03%) and Mirae Asset Global Investments Co. Ltd. (0.03%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TNK) was last updated on 5/3/2024 by MarketBeat.com Staff From Our PartnersElon to Transform U.S. Economy? 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