Positive News SentimentPositive NewsNYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis $53.40 -0.31 (-0.58%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$53.07▼$54.4950-Day Range$53.40▼$69.3952-Week Range$37.20▼$74.20Volume186,029 shsAverage Volume243,216 shsMarket Capitalization$1.83 billionP/E Ratio3.78Dividend Yield1.87%Price Target$76.67 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/Downside43.6% Upside$76.67 Price TargetShort InterestHealthy2.06% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.57Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-17.85%From $13.33 to $10.95 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.3.71 out of 5 starsTransportation Sector48th out of 120 stocksWater Transportation Industry10th out of 19 stocks 3.5 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 3 research reports in the past 90 days.Read more about Teekay Tankers' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.06% 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 1.8, 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 25.88%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.86%, 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 9.13% 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 2.5 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 1.57. 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 higher news sentiment than the 0.53 average news sentiment score 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 7 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% 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 -17.85% in the coming year, from $13.33 to $10.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 3.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 3.78, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 20.49.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.34. 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 1.08. 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 Golden CrestBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.>> Get Your FREE Wealth Protection Guide << 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 HeadlinesAugust 28, 2024 | money.usnews.comTeekay Tankers Ltd - Ordinary Shares - Class AAugust 25, 2024 | finance.yahoo.comWill Weakness in Teekay Tankers Ltd.'s (NYSE:TNK) Stock Prove Temporary Given Strong Fundamentals?September 7, 2024 | Porter & Company (Ad)Why billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. August 7, 2024 | msn.comTeekay CEO Mackay and CFO Andrade to depart; Hvid to expand leadership rolesAugust 7, 2024 | finance.yahoo.comTeekay Corporation and Teekay Tankers Ltd. Announce Senior Management ChangesAugust 5, 2024 | seekingalpha.comTeekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market DynamicsAugust 5, 2024 | seekingalpha.comTeekay Corporation - Upgrading On Excessive Discount To Net Asset Value - BuyAugust 4, 2024 | finance.yahoo.comTeekay Tankers (NYSE:TNK) Has Affirmed Its Dividend Of $0.25September 7, 2024 | Porter & Company (Ad)Why billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. August 1, 2024 | markets.businessinsider.comWhat Wall Street expects from Teekay Tankers's earningsAugust 1, 2024 | globenewswire.comTeekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares DividendAugust 1, 2024 | globenewswire.comTeekay Corporation Reports Second Quarter 2024 ResultsJuly 27, 2024 | sg.finance.yahoo.com3TKA.SG,0P0000BSSY,0 (3TKA.SG)July 24, 2024 | globenewswire.comTeekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024June 13, 2024 | seekingalpha.comTeekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful UptrendMay 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 TranscriptSee 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 Earnings8/01/2024Ex-Dividend for 8/23 Dividend8/12/2024Dividend Payable8/23/2024Today9/07/2024Next Earnings (Estimated)11/07/2024Fiscal 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$76.67 High Stock Price Target$85.00 Low Stock Price Target$69.00 Potential Upside/Downside+43.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.14 Trailing P/E Ratio3.78 Forward P/E Ratio4.01 P/E Growth1.34Net Income$513.67 million Net Margins36.04% Pretax Margin35.80% Return on Equity26.34% Return on Assets22.55% Debt Debt-to-Equity RatioN/A Current Ratio6.53 Quick Ratio6.05 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.34 Cash Flow$17.45 per share Price / Cash Flow3.06 Book Value$49.51 per share Price / Book1.08Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$1.83 billion OptionableOptionable Beta-0.32 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.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 OwnershipSanctuary Advisors LLCBought 25,801 shares on 9/5/2024Ownership: 0.075%Truist Financial CorpSold 578 shares on 8/21/2024Ownership: 0.029%Systematic Financial Management LPSold 12,619 shares on 8/16/2024Ownership: 0.459%Quarry LPBought 632 shares on 8/16/2024Ownership: 0.002%Mackenzie Financial CorpSold 725 shares on 8/15/2024Ownership: 0.011%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions How have TNK shares performed this year? Teekay Tankers' stock was trading at $49.97 at the beginning of the year. Since then, TNK shares have increased by 6.9% and is now trading at $53.40. View the best growth stocks for 2024 here. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Thursday, August, 1st. The shipping company reported $3.11 earnings per share for the quarter, missing analysts' consensus estimates of $3.24 by $0.13. The firm's revenue was down 20.0% on a year-over-year basis. 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. Who are Teekay Tankers' major shareholders? Teekay Tankers' top institutional shareholders include Dimensional Fund Advisors LP (6.01%), Acadian Asset Management LLC (2.73%), Principal Financial Group Inc. (2.41%) and American Century Companies Inc. (2.10%). 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. What other stocks do shareholders of Teekay Tankers own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Intel (INTC). This page (NYSE:TNK) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | SponsoredBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial inde...Golden Crest | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredSay Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." ...Sasco Gold LLC | SponsoredChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a populat...True Gold Republic | SponsoredMy grim warning about AI stocksToday, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S....Porter & Company | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Share Teekay Tankers With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free TNK Stock Alerts