Teekay Tankers Ltd. (TNK)

NYSE: TNK · IEX Real-Time Price · USD
62.94
-1.29 (-2.01%)
Jul 12, 2024, 4:00 PM EDT - Market closed
-2.01%
Market Cap 2.16B
Revenue (ttm) 1.31B
Net Income (ttm) 489.07M
Shares Out 34.26M
EPS (ttm) 14.14
PE Ratio 4.45
Forward PE 3.97
Dividend $0.98 (1.56%)
Ex-Dividend Date May 20, 2024
Volume 203,510
Open 64.55
Previous Close 64.23
Day's Range 62.69 - 64.90
52-Week Range 36.54 - 74.20
Beta -0.29
Analysts Strong Buy
Price Target 76.00 (+20.75%)
Earnings Date Aug 1, 2024

About 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]

Sector Energy
IPO Date Dec 13, 2007
Employees 1,590
Stock Exchange NYSE
Ticker Symbol TNK
Full Company Profile

Financial Performance

In 2023, Teekay Tankers's revenue was $1.36 billion, an increase of 28.35% compared to the previous year's $1.06 billion. Earnings were $513.67 million, an increase of 124.23%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for TNK stock is "Strong Buy." The 12-month stock price forecast is $76.0, which is an increase of 20.75% from the latest price.

Price Target
$76.0
(20.75% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Teekay Tankers Ltd. Reports First Quarter 2024 Results and Declares Dividends

HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2024 and announ...

2 months ago - GlobeNewsWire

Teekay Corporation Reports First Quarter 2024 Results

HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2024.

Other symbols: TK
2 months ago - GlobeNewsWire

Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024

HAMILTON, Bermuda, May 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quar...

Other symbols: TK
2 months ago - GlobeNewsWire

Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023

HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the pub...

Other symbols: TK
3 months ago - GlobeNewsWire

Teekay Corporation Reports Fourth Quarter and Annual 2023 Results

HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2023.

Other symbols: TK
5 months ago - GlobeNewsWire

Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares Dividend

HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...

5 months ago - GlobeNewsWire

These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore

A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.

Other symbols: ASCDHTFRONATSTNGTRMD
6 months ago - Market Watch

Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend

HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2023 and a...

9 months ago - GlobeNewsWire

Teekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares Dividend

HAMILTON, Bermuda, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2023 and announ...

1 year ago - GlobeNewsWire

Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation Plan

HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2023 and announ...

1 year ago - GlobeNewsWire

Teekay Tankers Updates Capital Allocation Plan

Company initiates fixed quarterly dividend, announces a special dividend, and establishes a share repurchase program. Company initiates fixed quarterly dividend, announces a special dividend, and esta...

1 year ago - GlobeNewsWire

OPEC+ throws tanker shipping a curveball, shaking confidence

“In classic Murphy's Law fashion, shipping seems prone to misfortune,” lamented Stifel analyst Ben Nolan in the wake of Sunday's surprise OPEC+ production cuts. “Things could not have been going more ...

Other symbols: DHTFRONAT
1 year ago - FreightWaves

Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results

HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...

1 year ago - GlobeNewsWire

Teekay Tankers Ltd. Reports Third Quarter 2022 Results

HAMILTON, Bermuda, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2022:

1 year ago - GlobeNewsWire

Teekay Tankers Ltd. Reports Second Quarter 2022 Results

HAMILTON, Bermuda, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2022:

2 years ago - GlobeNewsWire

Gimme shelter: Shipping stocks still rising amid Wall Street storm

The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.

2 years ago - FreightWaves

Teekay Tankers Ltd. Reports First Quarter 2022 Results

HAMILTON, Bermuda, May 12, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2022:

2 years ago - GlobeNewsWire

Shipping stocks take another beating, sinking by double digits

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil ...

2 years ago - FreightWaves

Tanker shares jump as war rages; other shipping shares mixed

One of the axioms of shipping is that war can boost freight rates and share prices, particularly for tankers. Since Russia invaded Ukraine last week, tanker shares have indeed outperformed, but upside...

Other symbols: NATDHTEURNFROINSWSTNG
2 years ago - FreightWaves

Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2021 Results

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...

2 years ago - GlobeNewsWire

Teekay Tankers Ltd. Reports Third Quarter 2021 Results

Highlights

2 years ago - GlobeNewsWire

Teekay Tankers: Q2 Earnings Insights

Shares of Teekay Tankers (NYSE:TNK) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share decreased 151.46% year over year to ($1.23), which missed the estimate of...

Other symbols: TK
3 years ago - Benzinga

Teekay Tankers Ltd. Reports Second Quarter 2021 Results

Highlights

3 years ago - GlobeNewsWire

Teekay Tankers: Q1 Earnings Insights

Shares of Teekay Tankers (NYSE:TNK) fell 0.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 119.88% over the past year to ($0.65), which b...

3 years ago - Benzinga

Teekay Tankers Ltd. Reports First Quarter 2021 Results

Highlights

3 years ago - GlobeNewsWire