Teekay Tankers Price Target Increased to $53.00 by Analysts at RBC Capital (TNK)
RBC Capital increased their price objective on shares of Teekay Tankers (NYSE:TNK) from $50.00 to $53.00 in a research note issued on Monday, AR Network reports. The firm currently has an “outperform” rating on the stock.
A number of other firms have also recently commented on TNK. Analysts at Evercore Partners cut their price target on shares of Teekay Tankers (NYSE:TNK) from $4.00 to $3.50 in a research note to investors on Thursday, August 22nd. Separately, analysts at Jefferies Group raised their price target on shares of Teekay Tankers (NYSE:TNK) from $43.00 to $47.00 in a research note to investors on Friday, July 19th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Teekay Tankers (NYSE:TNK) from $3.10 to $2.25 in a research note to investors on Monday, July 15th. They now have an “underweight” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Teekay Tankers has a consensus rating of “Hold” and an average target price of $21.75.
Teekay Tankers (NYSE:TNK) traded down 1.87% during mid-day trading on Monday, hitting $2.62. The stock had a trading volume of 441,911 shares. Teekay Tankers has a one year low of $2.38 and a one year high of $3.94. The stock has a 50-day moving average of $2.6 and a 200-day moving average of $2.69. The company’s market cap is $219.0 million.
Teekay Tankers (NYSE:TNK) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.06. On average, analysts predict that Teekay Tankers will post $-0.17 earnings per share for the current fiscal year.
Teekay Tankers Ltd. is an international provider of marine transportation to global oil industries. The Company’s business is to own crude oil and product tankers.
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