Teekay Tankers Stock Rating Upgraded by Raymond James (TNK)
Teekay Tankers (NYSE:TNK) traded down 0.91% on Tuesday, hitting $4.34. The stock had a trading volume of 400,382 shares. Teekay Tankers has a 1-year low of $2.49 and a 1-year high of $5.08. The stock has a 50-day moving average of $4.1 and a 200-day moving average of $3.86. The company has a market cap of $363.2 million and a P/E ratio of 12.07.
Teekay Tankers (NYSE:TNK) last released its earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter. On average, analysts predict that Teekay Tankers will post $0.22 earnings per share for the current fiscal year.
Separately, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.67.
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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