Teekay Tankers Ltd. (NYSE:TNK) saw a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 9,344,092 shares, an increase of 28.7% from the December 15th total of 7,260,587 shares. Based on an average trading volume of 3,551,931 shares, the short-interest ratio is currently 2.6 days. Currently, 9.2% of the shares of the stock are sold short.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Seaport Global Securities set a $3.00 target price on shares of Teekay Tankers and gave the stock a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Bank of America dropped their target price on shares of Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating for the company in a research note on Friday, November 10th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Teekay Tankers presently has a consensus rating of “Hold” and an average target price of $1.95.

Shares of Teekay Tankers (NYSE TNK) opened at $1.38 on Tuesday. Teekay Tankers has a 1 year low of $1.30 and a 1 year high of $2.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $370.12, a P/E ratio of -4.93 and a beta of 2.29.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings results on Thursday, November 9th. The shipping company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Teekay Tankers had a negative net margin of 11.43% and a negative return on equity of 0.99%. The company had revenue of $91.20 million during the quarter, compared to analysts’ expectations of $68.67 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Teekay Tankers’s revenue was down 16.8% on a year-over-year basis. research analysts expect that Teekay Tankers will post -0.15 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Huber Capital Management LLC grew its position in shares of Teekay Tankers by 12.4% during the 2nd quarter. Huber Capital Management LLC now owns 14,563,834 shares of the shipping company’s stock worth $27,380,000 after buying an additional 1,602,809 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Teekay Tankers by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,215,008 shares of the shipping company’s stock worth $11,684,000 after buying an additional 325,871 shares during the period. Northern Trust Corp grew its position in shares of Teekay Tankers by 75.7% during the 2nd quarter. Northern Trust Corp now owns 3,096,347 shares of the shipping company’s stock worth $5,821,000 after buying an additional 1,334,417 shares during the period. State Street Corp grew its position in shares of Teekay Tankers by 9.6% during the 2nd quarter. State Street Corp now owns 1,952,507 shares of the shipping company’s stock worth $3,671,000 after buying an additional 170,377 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Teekay Tankers by 10.2% during the 2nd quarter. Schroder Investment Management Group now owns 1,317,500 shares of the shipping company’s stock worth $2,491,000 after buying an additional 122,100 shares during the period. Institutional investors own 28.35% of the company’s stock.

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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.

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