Teekay Tankers Ltd. (NYSE:TNK) is set to issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

Teekay Tankers (NYSE:TNK) last announced its earnings results on Thursday, August 3rd. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Teekay Tankers had a positive return on equity of 0.39% and a negative net margin of 7.38%. The firm had revenue of $89.40 million during the quarter, compared to analyst estimates of $80.68 million. During the same quarter in the prior year, the company earned $0.20 EPS. The business’s revenue was down 36.0% compared to the same quarter last year. On average, analysts expect Teekay Tankers to post $-0.07 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.

Teekay Tankers Ltd. (NYSE TNK) opened at 1.67 on Wednesday. Teekay Tankers Ltd. has a 12 month low of $1.37 and a 12 month high of $2.78. The company’s market cap is $299.26 million. The stock has a 50 day moving average price of $1.59 and a 200 day moving average price of $1.74.

WARNING: “Teekay Tankers Ltd. (TNK) Scheduled to Post Quarterly Earnings on Wednesday” was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/25/teekay-tankers-ltd-tnk-scheduled-to-post-quarterly-earnings-on-wednesday.html.

Several research firms have recently issued reports on TNK. TheStreet lowered shares of Teekay Tankers from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 13th. Zacks Investment Research lowered shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Teekay Tankers has an average rating of “Sell” and an average price target of $1.77.

An institutional investor recently raised its position in Teekay Tankers stock. Vanguard Group Inc. boosted its stake in Teekay Tankers Ltd. (NYSE:TNK) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,429 shares of the shipping company’s stock after buying an additional 17,907 shares during the quarter. Vanguard Group Inc. owned approximately 0.17% of Teekay Tankers worth $540,000 at the end of the most recent reporting period. 39.87% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Tankers Company Profile

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

Earnings History for Teekay Tankers (NYSE:TNK)

Receive News & Ratings for Teekay Tankers Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.