Teekay Tankers (TNK) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TNK shares.
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3 equities research analysts have issued 1 year target prices for Teekay Tankers' stock. Their TNK share price targets range from $70.00 to $73.00. On average, they anticipate the company's share price to reach $71.67 in the next year. This suggests a possible upside of 26.8% from the stock's current price.
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Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK shares have increased by 13.1% and is now trading at $56.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TNK earnings forecast.

Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings results on Thursday, February, 22nd. The shipping company reported $2.87 EPS for the quarter, missing the consensus estimate of $3.68 by $0.81. The shipping company had revenue of $194.46 million for the quarter, compared to analysts' expectations of $219.93 million. Teekay Tankers had a net margin of 37.65% and a trailing twelve-month return on equity of 36.16%.

Teekay Tankers announced a quarterly dividend on Thursday, February 22nd. Investors of record on Monday, March 4th will be paid a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for TNK.

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.75%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 10.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNK.

ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), Roundhill Acquirers Deep Value ETF (DEEP), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and iShares US Small Cap Value Factor ETF (SVAL).

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Intel (INTC), Ford Motor (F), JPMorgan Chase & Co. (JPM) and Cara Therapeutics (CARA).

Teekay Tankers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.06%) and Sumitomo Mitsui Trust Holdings Inc. (0.04%).

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.
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