Teekay Tankers (TNK) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $41.45 to $42.27
• 50-Day Range: $41.74 to $62.13
• 52-Week Range: $41.36 to $74.20
• Volume: 241,957 shs
• Average Volume: 394,138 shs
• Market Capitalization: $1.43 billion
• P/E Ratio: 3.43
• Dividend Yield: 2.40%
• Price Target: $63.67
• Consensus Rating: Moderate Buy

Teekay Tankers Stock Analysis - MarketRank™

Teekay Tankers scored higher than 80% of companies evaluated by MarketBeat, and ranked 41st out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -7.68%

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 3.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Teekay Tankers is 3.43, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Earnings Growth Ratio

Teekay Tankers has a PEG Ratio of 1.28. 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 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.89% 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 1.4, 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 5.65%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Teekay Tankers pays a meaningful dividend of 2.32%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.89% 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 1.4, 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 5.65%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.32

News Sentiment

Teekay Tankers has a news sentiment score of 0.32. 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 0.68 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Teekay Tankers this week, compared to 3 articles on an average week.

Search Interest

12 people have searched for TNK on MarketBeat in the last 30 days. This is an increase of 200% 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 -63% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

TNK Stock Analysis - Frequently Asked Questions

How have TNK shares performed this year?

Teekay Tankers' stock was trading at $49.97 at the start of the year. Since then, TNK shares have decreased by 16.5% and is now trading at $41.7350.
View the best growth stocks for 2024 here.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) released its earnings results on Thursday, August, 1st. The shipping company reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.24 by $0.13. The firm's quarterly revenue was down 20.0% on a year-over-year basis.

When did Teekay Tankers' stock split?

Teekay Tankers's stock reverse split 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 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?

Top institutional investors of Teekay Tankers include FMR LLC (4.32%), Principal Financial Group Inc. (2.65%), State Street Corp (1.23%) and Geode Capital Management LLC (0.93%).

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 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: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:TNK
• CUSIP: Y8565N10
• CIK: 1419945
• Web: www.teekay.com
• Phone: (441) 298-2530
• Fax: 441-292-3931
• 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: +52.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $12.18
• Trailing P/E Ratio: 3.43
• Forward P/E Ratio: 3.73
• P/E Growth: 1.25
• Net Income: $513.67 million
• Net Margins: 35.44%
• Pretax Margin: 35.35%
• Return on Equity: 24.27%
• Return on Assets: 21.42%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.80
• Quick Ratio: 6.35

Sales & Book Value

• Annual Sales: $1.36 billion
• Price / Sales: 1.05
• Cash Flow: $17.46 per share
• Price / Cash Flow: 2.39
• Book Value: $50.87 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 34,300,000
• Free Float: 33,648,000
• Market Cap: $1.43 billion
• Optionable: Optionable
• Beta: -0.32