Teekay Tankers Stock Rating Lowered by Zacks (TNK)
Teekay Tankers (NYSE:TNK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Friday. They currently have a $4.70 target price on the stock. Zacks‘s price objective would indicate a potential upside of 11.11% from the stock’s previous close.
Teekay Tankers (NYSE:TNK) traded down 0.80% during mid-day trading on Friday, hitting $4.196. 91,222 shares of the company’s stock traded hands. Teekay Tankers has a one year low of $2.49 and a one year high of $5.08. The stock’s 50-day moving average is $4.14 and its 200-day moving average is $3.90. The company has a market cap of $351.1 million and a P/E ratio of 11.65.
Teekay Tankers (NYSE:TNK) last announced its earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter. Analysts expect that Teekay Tankers will post $0.22 EPS for the current fiscal year.
Separately, analysts at Raymond James upgraded shares of Teekay Tankers to a “strong-buy” rating in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.69.
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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