Teekay Tankers Ltd. (TNK)
NYSE: TNK · IEX Real-Time Price · USD
68.37
-0.65 (-0.94%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Teekay Tankers Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Teekay Tankers stock have an average target of 76, with a low estimate of 73 and a high estimate of 79. The average target predicts an increase of 11.16% from the current stock price of 68.37.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for Teekay Tankers stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $66 → $79 | Strong Buy | Maintains | $66 → $79 | +15.55% | May 10, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $70 → $76 | Strong Buy | Maintains | $70 → $76 | +11.16% | May 9, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $77 → $73 | Buy | Maintains | $77 → $73 | +6.77% | Feb 23, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +2.38% | Feb 22, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $56 → $72 | Hold → Strong Buy | Upgrades | $56 → $72 | +5.31% | Jan 19, 2024 |
Financial Forecast
Revenue This Year
1.02B
from 1.36B
Decreased by -25.61%
Revenue Next Year
964.51M
from 1.02B
Decreased by -4.97%
EPS This Year
14.48
from 14.86
Decreased by -2.53%
EPS Next Year
12.94
from 14.48
Decreased by -10.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.4B | 1.3B | 1.1B | 843.2M |
| Avg | 1.0B | 964.5M | 775.4M | 811.0M |
| Low | 757.5M | 665.7M | 636.0M | 786.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.1% | 26.4% | 15.3% | 8.7% |
| Avg | -25.6% | -5.0% | -19.6% | 4.6% |
| Low | -44.5% | -34.4% | -34.1% | 1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 16.47 | 17.27 | 13.37 | 15.92 |
| Avg | 14.48 | 12.94 | 11.82 | 15.31 |
| Low | 13.19 | 10.73 | 10.24 | 14.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.9% | 19.3% | 3.3% | 34.7% |
| Avg | -2.5% | -10.6% | -8.7% | 29.6% |
| Low | -11.2% | -25.9% | -20.9% | 25.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.