Teekay Tankers Ltd. Declares Quarterly Dividend of $0.03 (TNK)
Teekay Tankers (NYSE:TNK) declared a quarterly dividend on Friday, January 3rd, AR Network reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.03 per share on Friday, January 31st. This represents a $0.12 dividend on an annualized basis and a yield of 3.00%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Teekay Tankers from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $2.80 price target on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of Teekay Tankers from $34.00 to $45.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank downgraded shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.26.
Shares of Teekay Tankers (NYSE:TNK) traded up 3.90% on Friday, hitting $4.00. The stock had a trading volume of 598,654 shares. Teekay Tankers has a one year low of $2.38 and a one year high of $4.02. The stock has a 50-day moving average of $3.21 and a 200-day moving average of $2.83. The company’s market cap is $334.4 million.
Teekay Tankers (NYSE:TNK) last released its earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $39.48 million for the quarter, compared to the consensus estimate of $39.62 million.
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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