Teekay Tankers Given Average Rating of “Hold” by Brokerages (NYSE:TNK)
Shares of Teekay Tankers (NYSE:TNK) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.67.
Teekay Tankers (NYSE:TNK) opened at 4.06 on Friday. Teekay Tankers has a 52-week low of $2.49 and a 52-week high of $5.08. The stock has a 50-day moving average of $4.0 and a 200-day moving average of $3.84. The company has a market cap of $339.8 million and a price-to-earnings ratio of 17.22.
Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data 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. On average, analysts predict that Teekay Tankers will post $0.24 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TNK shares. Analysts at Zacks upgraded shares of Teekay Tankers from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $4.50 price target on the stock. Separately, 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. Finally, 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.
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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