Teekay Tankers Ltd. (TNK)
| Market Cap | 2.44B |
| Revenue (ttm) | 1.31B |
| Net Income (ttm) | 489.07M |
| Shares Out | 34.26M |
| EPS (ttm) | 14.14 |
| PE Ratio | 5.08 |
| Forward PE | 3.97 |
| Dividend | $3.00 (4.21%) |
| Ex-Dividend Date | May 20, 2024 |
| Volume | 86,573 |
| Open | 70.40 |
| Previous Close | 69.58 |
| Day's Range | 70.39 - 71.48 |
| 52-Week Range | 35.00 - 72.76 |
| Beta | -0.27 |
| Analysts | Strong Buy |
| Price Target | 76.00 (+6.61%) |
| Earnings Date | May 9, 2024 |
About TNK
Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda. [Read more]
Financial Performance
In 2023, Teekay Tankers's revenue was $1.36 billion, an increase of 28.35% compared to the previous year's $1.06 billion. Earnings were $513.67 million, an increase of 124.23%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for TNK stock is "Strong Buy." The 12-month stock price forecast is $76.0, which is an increase of 6.61% from the latest price.
News
Teekay Corporation Reports First Quarter 2024 Results
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2024.
Teekay Tankers Ltd. Reports First Quarter 2024 Results and Declares Dividends
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2024 and announ...
Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024
HAMILTON, Bermuda, May 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quar...
Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023
HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the pub...
Teekay Corporation Reports Fourth Quarter and Annual 2023 Results
HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2023.
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend
HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2023 and a...
Teekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares Dividend
HAMILTON, Bermuda, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2023 and announ...
Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation Plan
HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2023 and announ...
Teekay Tankers Updates Capital Allocation Plan
Company initiates fixed quarterly dividend, announces a special dividend, and establishes a share repurchase program. Company initiates fixed quarterly dividend, announces a special dividend, and esta...
OPEC+ throws tanker shipping a curveball, shaking confidence
“In classic Murphy's Law fashion, shipping seems prone to misfortune,” lamented Stifel analyst Ben Nolan in the wake of Sunday's surprise OPEC+ production cuts. “Things could not have been going more ...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results
HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...
Teekay Tankers Ltd. Reports Third Quarter 2022 Results
HAMILTON, Bermuda, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2022:
Teekay Tankers Ltd. Reports Second Quarter 2022 Results
HAMILTON, Bermuda, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2022:
Teekay Tankers Ltd. Reports First Quarter 2022 Results
HAMILTON, Bermuda, May 12, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2022:
Shipping stocks take another beating, sinking by double digits
Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil ...
Tanker shares jump as war rages; other shipping shares mixed
One of the axioms of shipping is that war can boost freight rates and share prices, particularly for tankers. Since Russia invaded Ukraine last week, tanker shares have indeed outperformed, but upside...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2021 Results
HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 20...
Teekay Tankers: Q2 Earnings Insights
Shares of Teekay Tankers (NYSE:TNK) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share decreased 151.46% year over year to ($1.23), which missed the estimate of...
Teekay Tankers: Q1 Earnings Insights
Shares of Teekay Tankers (NYSE:TNK) fell 0.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 119.88% over the past year to ($0.65), which b...
