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.
To view Zacks’ full report, visit Zacks’ official website.
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