Teekay Tankers Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:TNK)
Shares of Teekay Tankers (NYSE:TNK) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, Analyst RN reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.67.
Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of Teekay Tankers from $5.00 to $5.50 in a research note on Friday, May 16th. Separately, 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, May 14th. They now have an “underperform” rating on the stock. Finally, analysts at Bank of America downgraded shares of Teekay Tankers from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $5.00 price target on the stock, up previously from $3.50.
Teekay Tankers (NYSE:TNK) opened at 3.69 on Friday. Teekay Tankers has a 52 week low of $2.49 and a 52 week high of $5.08. The stock’s 50-day moving average is $3.5 and its 200-day moving average is $3.68. The company has a market cap of $308.8 million and a price-to-earnings ratio of 15.77.
Teekay Tankers (NYSE:TNK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.21. During the same quarter last year, the company posted ($0.04) earnings per share. Analysts expect that Teekay Tankers will post $0.25 EPS 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.