Teekay Tankers Ltd. (TNK)
NYSE: TNK · IEX Real-Time Price · USD
56.53
+1.01 (1.82%)
Apr 19, 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 71.67, with a low estimate of 70 and a high estimate of 73. The average target predicts an increase of 26.78% from the current stock price of 56.53.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 23, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 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 | 1 | 1 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $77 → $73 | Buy | Maintains | $77 → $73 | +29.13% | Feb 23, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +23.83% | Feb 22, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $56 → $72 | Hold → Strong Buy | Upgrades | $56 → $72 | +27.37% | Jan 19, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $51 → $54 | Strong Buy | Maintains | $51 → $54 | -4.48% | Aug 3, 2023 |
| Jefferies | Jefferies | Strong Buy Reiterates $51 | Strong Buy | Reiterates | $51 | -9.78% | May 11, 2023 |
Financial Forecast
Revenue This Year
798.17M
from 1.36B
Decreased by -41.50%
Revenue Next Year
781.37M
from 798.17M
Decreased by -2.10%
EPS This Year
13.63
from 14.86
Decreased by -8.25%
EPS Next Year
12.15
from 13.63
Decreased by -10.86%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 864.2M | 965.1M | 726.6M |
| Avg | 798.2M | 781.4M | 685.9M |
| Low | 740.9M | 639.2M | 655.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -36.7% | 20.9% | -7.0% |
| Avg | -41.5% | -2.1% | -12.2% |
| Low | -45.7% | -19.9% | -16.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.40 | 17.66 | 13.38 |
| Avg | 13.63 | 12.15 | 11.76 |
| Low | 11.47 | 6.42 | 10.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.3% | 29.5% | 10.1% |
| Avg | -8.2% | -10.9% | -3.2% |
| Low | -22.8% | -52.9% | -16.5% |
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.