Teekay Tankers Ltd. (TNK)

Market Cap	1.89B
Revenue (ttm)	1.23B
Net Income (ttm)	444.80M
Shares Out	34.36M
EPS (ttm)	12.84
PE Ratio	4.27
Forward PE	4.03
Dividend	$2.74 (4.99%)
Ex-Dividend Date	Aug 12, 2024

Volume	165,419
Open	55.74
Previous Close	55.57
Day's Range	54.57 - 55.74
52-Week Range	42.01 - 74.20
Beta	-0.34
Analysts	Strong Buy
Price Target	76.67 (+39.71%)
Earnings Date	Nov 4, 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.

• Industry: Oil & Gas Midstream
• Sector: Energy
• IPO Date: Dec 13, 2007
• Employees: 1,590
• Stock Exchange: NYSE
• Ticker Symbol: TNK

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%.

Analyst Forecast

According to 3 analysts, the average rating for TNK stock is "Strong Buy." The 12-month stock price forecast is $76.67, which is an increase of 39.71% from the latest price.

Price Target

$76.67

(39.71% upside)

Analyst Consensus: Strong Buy