Teekay Tankers (NYSE:TNK) had its price aim diminished by funding analysts at Jefferies Financial Group from $24.00 to $20.00 in a report launched on Friday, Stock Target Advisor tales. The company in the meanwhile has a “buy” rating on the supply agency’s stock. Jefferies Financial Group’s price aim components to a doable upside of 92.68% from the company’s earlier shut.
Numerous completely different evaluation companies have moreover not too way back weighed in on TNK. Monetary establishment of America reduce Teekay Tankers from a “buy” rating to an “underperform” rating and lowered their price aim for the company from $20.00 to $14.00 in a evaluation report on Friday, August 14th. BofA Securities reduce Teekay Tankers from a “buy” rating to an “underperform” rating and lowered their price aim for the company from $20.00 to $14.00 in a evaluation report on Friday, August 14th. Lastly, Zacks Investment Research reduce Teekay Tankers from a “keep” rating to a “promote” rating in a evaluation report on Saturday, October seventeenth. 4 funding analysts have rated the stock with a promote rating, one has issued a keep rating and three have issued a purchase order rating to the company’s stock. The company presently has a median rating of “Keep” and a consensus price aim of $19.57.
Shares of NYSE:TNK opened at $10.38 on Friday. The stock has a market capitalization of $349.34 million, a price-to-earnings ratio of 1.41, a PEG ratio of 0.58 and a beta of 0.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.71 and a gift ratio of 1.88. The stock’s 50-day straightforward transferring frequent is $11.39 and its two-hundred day straightforward transferring frequent is $14.83. Teekay Tankers has a 52-week low of $9.92 and a 52-week extreme of $26.92.
Teekay Tankers (NYSE:TNK) closing posted its quarterly earnings data on Thursday, August thirteenth. The supply agency reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.90 by ($0.51). Teekay Tankers had an online margin of 23.10% and a return on equity of 24.00%. The company had revenue of $184.93 million for the quarter, compared with analysts’ expectations of $219.46 million. As a gaggle, equities analysts forecast that Teekay Tankers will submit 6.22 earnings per share for the current fiscal yr.
Hedge funds and completely different institutional consumers haven’t too way back bought and acquired shares of the stock. Edge Wealth Administration LLC purchased a model new place in Teekay Tankers throughout the 2nd quarter value roughly $58,000. Meeder Asset Administration Inc. lifted its holdings in Teekay Tankers by 271.8% throughout the 1st quarter. Meeder Asset Administration Inc. now owns 4,064 shares of the supply agency’s stock value $90,000 after shopping for an additional 2,971 shares throughout the closing quarter. Tower Evaluation Capital LLC TRC purchased a model new place in Teekay Tankers throughout the 1st quarter value roughly $103,000. Symons Capital Administration Inc. purchased a model new place in Teekay Tankers throughout the 2nd quarter value roughly $149,000. Lastly, Mid Atlantic Financial Administration Inc. ADV purchased a model new place in Teekay Tankers throughout the 2nd quarter value roughly $156,000. 28.45% of the stock is in the meanwhile owned by institutional consumers.
About Teekay Tankers
Teekay Tankers Ltd. provides marine transportation corporations to grease industries in Bermuda and internationally. It operates by way of two segments, Tanker and Ship-to-ship Change (STS). The company provides voyage and time structure corporations; and offshore STS swap corporations of commodities primarily crude oil and refined oil merchandise, along with liquid gases and diversified completely different merchandise.
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