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.

Open

43.31

Mkt cap

1.5B

Volume

355K

High

43.85

P/E Ratio

3.55

52-wk high

74.20

Low

43.15

Div yield

0.07

52-wk low

43.15

B of A Securities has downgraded Teekay Tankers from Buy to Neutral and lowered its price target from $57 to $51.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:35 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating for Teekay Tankers (NYSE:TNK) and maintained a price target of $72.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:47 pm

Teekay's Board of Directors has authorized a new share repurchase program for up to $40 million of its outstanding common shares. The repurchases will be made in the open market or through privately-negotiated transactions, subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:03 pm

Teekay has announced a one-time special cash dividend of $1.00 per common share, payable on December 18, 2024, to shareholders of record as of December 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:03 pm

Teekay Tankers (NYSE:TNK) reported Q3 earnings of $1.84 per share, missing the $2.12 estimate, but sales of $243.28M beat the $208.26M estimate. Earnings decreased by 17.86% from last year, while sales decreased by 14.90%.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:43 pm

Teekay Tankers (NYSE:TNK) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $2.12. Despite a past trend of share price drops post-earnings, the stock has a 'Buy' consensus with a potential 46.61% upside. The company's financials show strong net margins and ROE, but revenue growth lags behind peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 7:01 pm

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

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