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NYSE:TNK

Teekay Tankers (TNK) Stock Price, News & Analysis

Teekay Tankers logo
$39.75 +0.66 (+1.69%)
(As of 12/24/2024 04:45 PM ET)

About Teekay Tankers Stock (NYSE:TNK)

Key Stats

Today's Range
$38.76
$39.99
50-Day Range
$37.18
$55.57
52-Week Range
$36.04
$74.20
Volume
291,624 shs
Average Volume
359,030 shs
Market Capitalization
$1.36 billion
P/E Ratio
3.26
Dividend Yield
2.52%
Price Target
$63.67
Consensus Rating
Moderate Buy

Company Overview

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.

Teekay Tankers Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

TNK MarketRank™: 

Teekay Tankers scored higher than 77% of companies evaluated by MarketBeat, and ranked 49th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Teekay Tankers has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Teekay 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.
  • Earnings Growth

    Earnings for Teekay Tankers are expected to decrease by -7.68% in the coming year, from $11.20 to $10.34 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Teekay Tankers is 3.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.16.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Teekay Tankers is 3.26, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.25.

  • Price to Earnings Growth Ratio

    Teekay Tankers has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Teekay Tankers has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.95% of the float of Teekay Tankers has been sold short.
  • Short Interest Ratio / Days to Cover

    Teekay Tankers has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teekay Tankers has recently decreased by 7.99%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Teekay Tankers pays a meaningful dividend of 2.67%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Teekay Tankers does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Teekay Tankers is 8.21%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Teekay Tankers will have a dividend payout ratio of 9.67% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend.

  • Read more about Teekay Tankers' dividend.
  • Percentage of Shares Shorted

    1.95% of the float of Teekay Tankers has been sold short.
  • Short Interest Ratio / Days to Cover

    Teekay Tankers has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teekay Tankers has recently decreased by 7.99%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Teekay Tankers has a news sentiment score of 0.17. 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 0.59 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Teekay Tankers this week, compared to 3 articles on an average week.
  • Search Interest

    Only 2 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Teekay Tankers insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.90% of the stock of Teekay Tankers is held by insiders.

  • Percentage Held by Institutions

    52.67% 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.
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TNK Stock News Headlines

Teekay Tankers: Watch Out For Geopolitics In 2025
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Teekay Group Announces Changes to Boards of Directors
Teekay Tankers price target lowered to $60 from $72 at Jefferies
Teekay Tankers downgraded to Neutral at BofA after Q3 miss
See More Headlines

TNK Stock Analysis - Frequently Asked Questions

Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK stock has decreased by 20.5% and is now trading at $39.75.
View the best growth stocks for 2024 here
.

Teekay Tankers Ltd. (NYSE:TNK) issued 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. Teekay Tankers's revenue was down 20.0% on a year-over-year basis.

Teekay Tankers shares reverse split before market open on 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.

Teekay Tankers' top institutional investors include FMR LLC (4.32%), Principal Financial Group Inc. (2.65%), Principal Financial Group Inc. (2.64%) and State Street Corp (1.23%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Teekay Tankers investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 11/22 Dividend
11/12/2024
Dividend Payable
11/22/2024
Today
12/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,590
Year Founded
1973

Price Target and Rating

Average Stock Price Target
$63.67
High Stock Price Target
$85.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+60.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$513.67 million
Pretax Margin
35.35%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$18.32 per share
Book Value
$44.75 per share

Miscellaneous

Free Float
33,648,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
-0.39

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This page (NYSE:TNK) was last updated on 12/25/2024 by MarketBeat.com Staff
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