Teekay Tankers (NYSE:TNK - Get Free Report) issued its quarterly earnings results on Wednesday. The shipping company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.01, Zacks reports. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The business had revenue of $163.42 million for the quarter, compared to analysts' expectations of $158.26 million.
Teekay Tankers Price Performance
Shares of TNK stock traded down $0.17 during trading hours on Friday, hitting $40.13. The stock had a trading volume of 601,875 shares, compared to its average volume of 418,256. The stock's 50-day moving average price is $41.24 and its two-hundred day moving average price is $47.68. Teekay Tankers has a one year low of $36.04 and a one year high of $74.20. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 3.55 and a beta of -0.43.
Teekay Tankers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. Teekay Tankers's dividend payout ratio (DPR) is 8.83%.
Analyst Ratings Changes
A number of research analysts have issued reports on TNK shares. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price objective on shares of Teekay Tankers in a research report on Thursday. Bank of America reiterated an "underperform" rating and set a $46.00 target price (down previously from $51.00) on shares of Teekay Tankers in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.00.
View Our Latest Analysis on TNK
About Teekay Tankers
(
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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.
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