Teekay Tankers Ltd. Declares Quarterly Dividend of $0.03 (TNK)
Teekay Tankers (NYSE:TNK) announced a quarterly dividend on Monday, October 7th, StockRatingsNetwork reports. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.03 per share on Friday, October 25th. This represents a $0.12 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Friday, October 11th.
TNK has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Teekay Tankers from $50.00 to $53.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Teekay Tankers from $4.00 to $3.50 in a research note to investors on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Teekay Tankers presently has an average rating of “Hold” and a consensus price target of $21.75.
Teekay Tankers (NYSE:TNK) traded up 0.38% during mid-day trading on Monday, hitting $2.62. 254,320 shares of the company’s stock traded hands. Teekay Tankers has a 52-week low of $2.38 and a 52-week high of $3.77. The stock has a 50-day moving average of $2.67 and a 200-day moving average of $2.69. The company’s market cap is $219.0 million.
Teekay Tankers (NYSE:TNK) last released its earnings data on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.06.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.