Shares of Teekay Tankers Ltd. (NYSE:TNK – Get Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $18.85, but opened at $17.80. Teekay Tankers shares last traded at $18.20, with a volume of 919 shares traded.
A number of research firms have commented on TNK. StockNews.com began coverage on shares of Teekay Tankers in a research report on Thursday, March 31st. They set a “sell” rating for the company. Jefferies Financial Group began coverage on shares of Teekay Tankers in a research report on Wednesday, April 27th. They set a “buy” rating for the company. Finally, Clarkson Capital reaffirmed a “buy” rating on shares of Teekay Tankers in a research report on Tuesday, June 14th.
The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a market cap of $572.87 million, a price-to-earnings ratio of -2.44, a P/E/G ratio of 17.95 and a beta of -0.25. The stock has a fifty day moving average price of $18.27 and a two-hundred day moving average price of $14.41.
Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of Teekay Tankers during the first quarter worth $159,000. PDT Partners LLC acquired a new position in Teekay Tankers in the first quarter valued at about $185,000. Goldman Sachs Group Inc. acquired a new position in Teekay Tankers in the first quarter valued at about $198,000. The Manufacturers Life Insurance Company raised its stake in Teekay Tankers by 8.7% in the third quarter. The Manufacturers Life Insurance Company now owns 14,766 shares of the shipping company’s stock valued at $215,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Teekay Tankers in the first quarter valued at about $238,000. 28.74% of the stock is owned by institutional investors.
Teekay Tankers Company Profile (NYSE:TNK)
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products.
- Get a free copy of the StockNews.com research report on Teekay Tankers (TNK)
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