NYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis → Protect Your Bank Account Before It’s Too Late (From Weiss Ratings) (Ad) Free TNK Stock Alerts $72.50 +1.42 (+2.00%) (As of 05/24/2024 08:50 PM ET) Add Compare Share Share Today's Range$71.55▼$72.9850-Day Range$55.52▼$72.5052-Week Range$35.00▼$72.98Volume202,300 shsAverage Volume414,522 shsMarket Capitalization$2.48 billionP/E Ratio5.13Dividend Yield1.38%Price Target$76.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Teekay Tankers alerts: Email Address Teekay Tankers MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.8% Upside$76.00 Price TargetShort InterestHealthy2.44% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.78Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-21.61%From $14.67 to $11.50 Per ShareSee Full Details Hide Full Details 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.2.16 out of 5 starsTransportation Sector85th out of 112 stocksWater Transportation Industry12th out of 16 stocks 1.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageTeekay Tankers has only been the subject of 2 research reports in the past 90 days.Read more about Teekay Tankers' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.44% of the float of Teekay Tankers has been sold short.Short Interest Ratio / Days to CoverTeekay Tankers has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently decreased by 15.61%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Teekay Tankers will have a dividend payout ratio of 8.70% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend.Read more about Teekay Tankers' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 3.2 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.78. 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 higher news sentiment than the 0.63 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Teekay Tankers this week, compared to 3 articles on an average week.Search InterestOnly 14 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat Follows8 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Teekay Tankers is held by insiders.Percentage Held by Institutions52.67% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -21.61% in the coming year, from $14.67 to $11.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 5.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 5.13, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.85.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.65. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Teekay Tankers' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.Click here now to get your copy. About Teekay Tankers Stock (NYSE:TNK)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.Read More TNK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNK Stock News HeadlinesMay 26 at 2:46 AM | americanbankingnews.comTeekay Tankers (NYSE:TNK) Reaches New 12-Month High at $72.98May 22, 2024 | ca.finance.yahoo.comTNK Jun 2024 70.000 putMay 17, 2024 | americanbankingnews.comTeekay Tankers (NYSE:TNK) Lifted to Buy at StockNews.comMay 16, 2024 | msn.comTeekay Tankers (NYSE:TNK) Presents Attractive Value Investment OpportunityMay 10, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.com4 Analysts Assess Teekay Tankers: What You Need To KnowMay 9, 2024 | seekingalpha.comTeekay Tankers Ltd. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | investorplace.comTNK Stock Earnings: Teekay Tankers Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | nasdaq.comTeekay Tankers Ltd. Q1 Profit Decreases, but beats estimatesMay 9, 2024 | globenewswire.comTeekay Tankers Ltd. Reports First Quarter 2024 Results and Declares DividendsMay 9, 2024 | globenewswire.comTeekay Corporation Reports First Quarter 2024 ResultsMay 8, 2024 | msn.comTeekay Tankers Q1 2024 Earnings PreviewMay 7, 2024 | investorplace.comOpportunity Alert: 3 Undiscovered Stocks About to Explode on Wall Street's RadarMay 6, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the companyMay 3, 2024 | finance.yahoo.comHere's What Could Help Teekay Tankers (TNK) Maintain Its Recent Price StrengthMay 1, 2024 | globenewswire.comTeekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024April 26, 2024 | msn.comDelek Logistics Partners raises dividend by 1.4% to $1.07 a shareApril 20, 2024 | seekingalpha.comTNK Teekay Tankers Ltd.April 15, 2024 | finance.yahoo.comReturns On Capital Are A Standout For Teekay Tankers (NYSE:TNK)April 8, 2024 | barrons.comTeekay Tankers Ltd.April 1, 2024 | seekingalpha.comTeekay Tankers: Low Tanker Fleet Growth Points To Years Of High ProfitsMarch 25, 2024 | globenewswire.comTeekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023March 25, 2024 | finance.yahoo.comTeekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five yearsMarch 19, 2024 | ca.finance.yahoo.comTNK Apr 2024 70.000 callMarch 16, 2024 | ca.finance.yahoo.comTNK Apr 2024 60.000 callSee More Headlines Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/03/2023Ex-Dividend for 3/15 Dividend3/01/2024Dividend Payable3/15/2024Ex-Dividend for 5/31 Dividend5/20/2024Today5/26/2024Dividend Payable5/31/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,590Year Founded1973Price Target and Rating Average Stock Price Target$76.00 High Stock Price Target$79.00 Low Stock Price Target$73.00 Potential Upside/Downside+4.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.14 Trailing P/E Ratio5.13 Forward P/E Ratio4.94 P/E Growth1.65Net Income$513.67 million Net Margins37.39% Pretax Margin37.61% Return on Equity30.73% Return on Assets25.20% Debt Debt-to-Equity RatioN/A Current Ratio6.58 Quick Ratio6.02 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.82 Cash Flow$17.55 per share Price / Cash Flow4.13 Book Value$48.61 per share Price / Book1.49Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$2.48 billion OptionableOptionable Beta-0.27 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Kevin J. Mackay (Age 55)President & CEO Mr. Stewart Andrade (Age 51)Chief Financial Officer Mr. Jim BasterfieldHead of Human ResourcesMs. Edith Robinson (Age 59)Corporate Secretary Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsFrontlineNYSE:FROScorpio TankersNYSE:STNGGolden Ocean GroupNASDAQ:GOGLGolar LNGNASDAQ:GLNGSFLNYSE:SFLView All CompetitorsInstitutional OwnershipTidal Investments LLCBought 2,115 shares on 5/17/2024Ownership: 0.040%Bridgeway Capital Management LLCBought 10,500 shares on 5/16/2024Ownership: 0.909%Jacobs Levy Equity Management Inc.Sold 28,222 shares on 5/16/2024Ownership: 0.591%Jane Street Group LLCBought 11,300 shares on 5/16/2024Ownership: 0.000%California State Teachers Retirement SystemSold 1,528 shares on 5/16/2024Ownership: 0.007%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 price objectives for Teekay Tankers' shares. Their TNK share price targets range from $73.00 to $79.00. On average, they predict the company's share price to reach $76.00 in the next year. This suggests a possible upside of 4.8% 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 at the beginning of the year. Since then, TNK stock has increased by 45.1% and is now trading at $72.50. View the best growth stocks for 2024 here. Are investors shorting Teekay Tankers? Teekay Tankers saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 591,500 shares, a drop of 15.6% from the April 15th total of 700,900 shares. Based on an average trading volume of 388,900 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.4% 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, August 1st 2024. View our TNK earnings forecast. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Thursday, August, 3rd. The shipping company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.28 by $0.10. The shipping company had revenue of $370.70 million for the quarter, compared to analyst estimates of $242.67 million. Teekay Tankers had a trailing twelve-month return on equity of 30.73% and a net margin of 37.39%. Teekay Tankers's revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers? Teekay Tankers declared a None dividend on Thursday, May 9th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $2.25 per share on Friday, May 31st. This represents a yield of 1.5%. The ex-dividend date of this dividend is Monday, May 20th. 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 1.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 8.70% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TNK. What ETFs hold Teekay Tankers' stock? 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), First Trust Active Factor Small Cap ETF (AFSM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and Distillate Small/Mid Cash Flow ETF (DSMC). 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 number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (2.59%), Acadian Asset Management LLC (1.93%), Bridgeway Capital Management LLC (0.91%), SG Americas Securities LLC (0.87%), Russell Investments Group Ltd. (0.72%) and Jacobs Levy Equity Management Inc. (0.59%). 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 5/27/2024 by MarketBeat.com Staff From Our PartnersBuy this small stock before coming AI Tidal WaveChaikin AnalyticsTop 5 AI Stocks to Buy for 2024Market Moving TrendsForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsElon’s New Device is About to Shock the WorldInvestorPlaceTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsWARNING about the death of the U.S. dollar…Colonial MetalsA letter is coming from the "Bureau of the Fiscal Service".Stansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Teekay Tankers Ltd. 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