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NYSE:TNK

Teekay Tankers (TNK) Stock Price, News & Analysis

$58.30
+0.99 (+1.73%)
(As of 03:59 PM ET)
Today's Range
$57.15
$58.32
50-Day Range
$53.11
$62.55
52-Week Range
$35.00
$64.42
Volume
234,517 shs
Average Volume
469,282 shs
Market Capitalization
$1.99 billion
P/E Ratio
3.92
Dividend Yield
1.72%
Price Target
$71.67

Teekay Tankers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.3% Upside
$71.67 Price Target
Short Interest
Healthy
3.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Teekay Tankers in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-34.80%
From $14.28 to $9.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.98 out of 5 stars

Transportation Sector

46th out of 116 stocks

Water Transportation Industry

6th out of 19 stocks

TNK stock logo

About Teekay Tankers Stock (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. It also provides tanker commercial and technical management; and consultancy, procurement, and equipment rental services, as well as manages terminals and vessels. As of December 31, 2022, the company owned and leased 44 double-hulled oil and product tankers, time-chartered in four Aframax/LR2 tankers, and one Suezmax tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.

TNK Stock Price History

TNK Stock News Headlines

Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Teekay Tankers (NYSE:TNK) Upgraded to "Buy" at StockNews.com
TNK Apr 2024 70.000 call
TNK Apr 2024 60.000 call
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
TNK Apr 2024 65.000 call
Earnings Outlook For Teekay Tankers
Teekay Tankers Q4 2023 Earnings Preview
TNK or KEX: Which Is the Better Value Stock Right Now?
TNK Mar 2024 50.000 call
TK Mar 2024 7.500 put
What's in Store for Teekay Tankers (TNK) in Q4 Earnings?
TNK vs. KEX: Which Stock Is the Better Value Option?
Teekay Tankers price target raised by $10 at Jefferies, here's why
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
3/01/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/09/2024
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
$71.67
High Stock Price Target
$73.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+23.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$513.67 million
Pretax Margin
38.34%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$17.90 per share
Book Value
$44.75 per share

Miscellaneous

Free Float
33,445,000
Market Cap
$1.98 billion
Optionable
Optionable
Beta
-0.28

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TNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

3 Wall Street research 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 research analysts is that investors should "buy" TNK shares.
View TNK analyst ratings
or view top-rated stocks.

What is Teekay Tankers' stock price target for 2024?

3 analysts have issued twelve-month target prices for Teekay Tankers' shares. Their TNK share price targets range from $70.00 to $73.00. On average, they expect the company's share price to reach $71.67 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for TNK
or view top-rated stocks among Wall Street analysts.

How have TNK shares performed in 2024?

Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK shares have increased by 16.3% and is now trading at $58.14.
View the best growth stocks for 2024 here
.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a increase in short interest in February. As of February 29th, there was short interest totaling 910,300 shares, an increase of 25.7% from the February 14th total of 724,400 shares. Based on an average daily trading volume, of 491,700 shares, the short-interest ratio is presently 1.9 days. Currently, 3.8% of the company's stock are sold short.
View Teekay Tankers' Short Interest
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

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

How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?

Teekay Tankers declared a quarterly dividend on Thursday, February 22nd. Investors of record on Monday, March 4th will be given a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for TNK
.

Is Teekay Tankers a good dividend stock?

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.76%. 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.

When did Teekay Tankers' stock split?

Teekay Tankers shares 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.

What other stocks do shareholders of Teekay Tankers own?

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).

Who are Teekay Tankers' major shareholders?

Teekay Tankers' stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.93%), Principal Financial Group Inc. (2.43%), Goldman Sachs Group Inc. (1.58%), Goldman Sachs Group Inc. (1.58%), Nuveen Asset Management LLC (0.92%) and Bridgeway Capital Management LLC (0.88%).

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.

This page (NYSE:TNK) was last updated on 3/28/2024 by MarketBeat.com Staff

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