Streetbeat News

TNK

Teekay Tankers Ltd.

https://www.teekay.com/business/tankers

Industry

Oil & Gas Midstream

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 services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

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B of A Securities analyst Ken Hoexter maintains a Buy rating on Teekay Tankers (NYSE:TNK) but lowers the price target from $77 to $69.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:55 pm

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

Four analysts have provided mixed ratings for Teekay Tankers (NYSE:TNK) in the latest quarter, with a majority being bullish. The average 12-month price target has increased to $79.0, reflecting a 6.76% rise from the previous target. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 9:01 pm

Teekay Tankers shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:43 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Teekay Tankers (NYSE:TNK) with a $76 price target.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:51 am

Teekay Tankers (NYSE:TNK) reported Q2 2024 adjusted EPS of $3.11, beating the $3.04 estimate. Sales were $296.590M, surpassing the $209.579M estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:36 am

Evercore ISI Group has maintained an Outperform rating on Teekay Tankers (NYSE:TNK) and raised the price target from $84 to $85.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:36 pm

Five energy stocks, including NextDecade Corporation, Targa Resources Corp., Teekay Tankers Ltd., Nordic American Tankers Limited, and ProPetro Holding Corp., are showing overbought signals with RSI values above 70. This could indicate potential price declines in the short term.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 11:51 am

Four analysts have recently updated their ratings on Teekay Tankers (TNK), showing a positive trend with an average 12-month price target of $74.5, marking a 4.93% increase from the previous target. The company's financials reveal a challenging revenue trend but strong profitability metrics, including an exceptional net margin and above-average ROE and ROA. The analysts' actions, ranging from maintaining to raising price targets, reflect a bullish sentiment towards TNK's stock.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 1:00 pm

B of A Securities analyst Ken Hoexter maintains a Buy rating on Teekay Tankers (TNK) and raises the price target from $66 to $79.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:54 am

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