NYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis → The Key to this $10 Trillion Tech Boom (From Porter & Company) (Ad) Free TNK Stock Alerts $67.62 -1.71 (-2.47%) (As of 06/13/2024 ET) Add Compare Share Share Today's Range$67.21▼$69.5750-Day Range$55.52▼$73.6752-Week Range$35.10▼$74.20Volume164,854 shsAverage Volume258,042 shsMarket Capitalization$2.32 billionP/E Ratio4.78Dividend Yield1.48%Price Target$76.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Teekay Tankers alerts: Email Address Teekay Tankers MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.4% Upside$76.00 Price TargetShort InterestHealthy2.65% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.83Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-21.61%From $14.67 to $11.50 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.1.92 out of 5 starsTransportation Sector86th out of 117 stocksWater Transportation Industry13th out of 17 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.Read more about Teekay Tankers' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.65% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently increased by 5.33%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 7.07%. 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 8.70% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend.Read more about Teekay Tankers' 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 2.1 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.83. 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 news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Teekay Tankers this week, compared to 3 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 -56% compared to the previous 30 days.MarketBeat Follows14 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is an increase of 180% 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.Read more about Teekay Tankers' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -21.61% in the coming year, from $14.67 to $11.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 4.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 4.78, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.88.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.58. 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 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Teekay Tankers' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyHow Biden has already won 2024Obama’s Forever Term [Exposed] or Obama Biden has already won 2024 Exposed: the shocking election plot that will forever enshrine Obama’s destructive, Marxist vision for America… A plot that could hand him and his allies near-total control over the government, your way of life, and your future.Click here to watch this now before it’s too late. 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 22, 2024 | ca.finance.yahoo.comTNK Jun 2024 70.000 putMay 16, 2024 | msn.comTeekay Tankers (NYSE:TNK) Presents Attractive Value Investment OpportunityMay 10, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.com4 Analysts Assess Teekay Tankers: What You Need To KnowMay 9, 2024 | seekingalpha.comTeekay Tankers Ltd. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | investorplace.comTNK Stock Earnings: Teekay Tankers Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | nasdaq.comTeekay Tankers Ltd. Q1 Profit Decreases, but beats estimatesMay 9, 2024 | globenewswire.comTeekay Corporation Reports First Quarter 2024 ResultsMay 9, 2024 | globenewswire.comTeekay Tankers Ltd. Reports First Quarter 2024 Results and Declares DividendsMay 8, 2024 | msn.comTeekay Tankers Q1 2024 Earnings PreviewMay 7, 2024 | investorplace.comOpportunity Alert: 3 Undiscovered Stocks About to Explode on Wall Street's RadarMay 6, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the companyMay 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, 2024April 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 ProfitsMarch 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 InvestorsSee 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 Earnings5/09/2024Ex-Dividend for 5/31 Dividend5/20/2024Dividend Payable5/31/2024Today6/14/2024Next Earnings (Estimated)8/01/2024Fiscal 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$76.00 High Stock Price Target$79.00 Low Stock Price Target$73.00 Potential Upside/Downside+12.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.14 Trailing P/E Ratio4.78 Forward P/E Ratio4.61 P/E Growth1.58Net Income$513.67 million Net Margins37.39% Pretax Margin37.61% Return on Equity30.73% Return on Assets25.20% Debt Debt-to-Equity RatioN/A Current Ratio6.58 Quick Ratio6.02 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.70 Cash Flow$17.12 per share Price / Cash Flow3.95 Book Value$44.75 per share Price / Book1.51Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$2.32 billion OptionableOptionable Beta-0.23 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.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 CompetitorsFrontlineNYSE:FROScorpio TankersNYSE:STNGGolar LNGNASDAQ:GLNGGolden Ocean GroupNASDAQ:GOGLSFLNYSE:SFLView All CompetitorsInstitutional OwnershipBoston PartnersBought 22,043 shares on 5/28/2024Ownership: 0.105%Tidal Investments LLCBought 2,115 shares on 5/17/2024Ownership: 0.040%Bridgeway Capital Management LLCBought 10,500 shares on 5/16/2024Ownership: 0.909%Jane Street Group LLCBought 11,300 shares on 5/16/2024Ownership: 0.000%California State Teachers Retirement SystemSold 1,528 shares on 5/16/2024Ownership: 0.007%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 3 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. What is Teekay Tankers' stock price target for 2024? 3 brokerages have issued 1-year price targets for Teekay Tankers' shares. Their TNK share price targets range from $73.00 to $79.00. On average, they predict the company's share price to reach $76.00 in the next twelve months. This suggests a possible upside of 12.4% 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 2024? Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK stock has increased by 35.3% and is now trading at $67.62. 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, August 1st 2024. View our TNK earnings forecast. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings data on Thursday, May, 9th. The shipping company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.16. The shipping company earned $221.81 million during the quarter. Teekay Tankers had a net margin of 37.39% and a trailing twelve-month return on equity of 30.73%. How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers? Teekay Tankers declared a None dividend on Thursday, May 9th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $2.25 per share on Friday, May 31st. This represents a dividend yield of 1.5%. The ex-dividend date is Monday, May 20th. 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 1.44%. The dividend payout ratio is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 8.70% 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), First Trust Active Factor Small Cap ETF (AFSM), EA Bridgeway Omni Small-Cap Value ETF (BSVO), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and Distillate Small/Mid Cash Flow ETF (DSMC). When did Teekay Tankers' stock split? Teekay Tankers shares 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 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). 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%), Acadian Asset Management LLC (1.93%), Bridgeway Capital Management LLC (0.91%), SG Americas Securities LLC (0.87%), Russell Investments Group Ltd. (0.72%) and Jacobs Levy Equity Management Inc. (0.59%). 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. 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