Teekay Tankers (TNK) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS
Teekay Tankers (NYSE:TNK) announced its earnings results on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.21, AmericanBankingNews.com reports.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. cut their price target on shares of Teekay Tankers from $5.00 to $3.50 in a research note on Wednesday. They now have an “underperform” rating on the stock. On a related note, analysts at Bank of America downgraded shares of Teekay Tankers from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $5.00 price target on the stock, up previously from $3.50. Finally, analysts at Zacks downgraded shares of Teekay Tankers from an “outperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $4.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.61.
Teekay Tankers (NYSE:TNK) opened at 3.35 on Thursday. Teekay Tankers has a one year low of $2.49 and a one year high of $5.08. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $3.55. The company’s market cap is $280.0 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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