Teekay Tankers Ltd. (TNK)
NYSE: TNK · IEX Real-Time Price · USD
65.61
-2.01 (-2.97%)
At close: Jun 14, 2024, 4:00 PM
65.11
-0.50 (-0.76%)
After-hours: Jun 14, 2024, 7:04 PM EDT

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 15.84% from the current stock price of 65.61.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $73 $76 $76 $79
Change +11.26% +15.84% +15.84% +20.41%
* 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 '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 222222
Buy 011111
Hold 000000
Sell 000000
Strong Sell 000000
Total 233333

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 +20.41% May 10, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$70$76
Strong Buy Maintains $70$76 +15.84% May 9, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$77$73
Buy Maintains $77$73 +11.26% Feb 23, 2024
Jefferies
Jefferies
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 +6.69% Feb 22, 2024
B of A Securities
B of A Securities
Strong Buy
Upgrades
$56$72
Strong Buy Upgrades $56$72 +9.74% Jan 19, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
943.92M886.43M542.37M1.06B1.36B1.02B964.51M775.38M
Revenue Growth
21.56%-6.09%-38.81%96.01%28.35%-25.61%-4.97%-19.61%
EPS
1.232.57-7.166.6814.8614.4812.9411.82
EPS Growth
-108.94%--122.46%-2.53%-10.65%-8.69%
Forward PE
-----4.535.075.55
No. Analysts -----886
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 1.4B 1.3B 1.1B
Avg 1.0B 964.5M 775.4M
Low 757.5M 665.7M 636.0M

Revenue Growth

Revenue Growth 202420252026
High
0.1%
26.4%
15.3%
Avg
-25.6%
-5.0%
-19.6%
Low
-44.5%
-34.4%
-34.1%

EPS Forecast

EPS 202420252026
High 16.47 17.27 13.37
Avg 14.48 12.94 11.82
Low 13.19 10.73 10.24

EPS Growth

EPS Growth 202420252026
High
10.9%
19.3%
3.3%
Avg
-2.5%
-10.6%
-8.7%
Low
-11.2%
-25.9%
-20.9%
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.