Teekay Tankers (NYSE:TNK) had its worth goal diminished by funding analysts at Jefferies Monetary Group from $24.00 to $20.00 in a report launched on Friday, Stock Target Advisor stories. The agency at the moment has a “purchase” ranking on the delivery firm’s inventory. Jefferies Monetary Group’s worth goal factors to a possible upside of 92.68% from the corporate’s earlier shut.
Quite a lot of different analysis corporations have additionally not too long ago weighed in on TNK. Financial institution of America minimize Teekay Tankers from a “purchase” ranking to an “underperform” ranking and lowered their worth goal for the corporate from $20.00 to $14.00 in a analysis report on Friday, August 14th. BofA Securities minimize Teekay Tankers from a “purchase” ranking to an “underperform” ranking and lowered their worth goal for the corporate from $20.00 to $14.00 in a analysis report on Friday, August 14th. Lastly, Zacks Investment Research minimize Teekay Tankers from a “maintain” ranking to a “promote” ranking in a analysis report on Saturday, October 17th. 4 funding analysts have rated the inventory with a promote ranking, one has issued a maintain ranking and three have issued a purchase ranking to the corporate’s inventory. The corporate presently has a median ranking of “Maintain” and a consensus worth goal of $19.57.
Shares of NYSE:TNK opened at $10.38 on Friday. The inventory has a market capitalization of $349.34 million, a price-to-earnings ratio of 1.41, a PEG ratio of 0.58 and a beta of 0.17. The corporate has a debt-to-equity ratio of 0.55, a fast ratio of 1.71 and a present ratio of 1.88. The inventory’s 50-day easy transferring common is $11.39 and its two-hundred day easy transferring common is $14.83. Teekay Tankers has a 52-week low of $9.92 and a 52-week excessive of $26.92.
Teekay Tankers (NYSE:TNK) final posted its quarterly earnings knowledge on Thursday, August 13th. The delivery firm reported $2.39 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $2.90 by ($0.51). Teekay Tankers had a web margin of 23.10% and a return on fairness of 24.00%. The corporate had income of $184.93 million for the quarter, in comparison with analysts’ expectations of $219.46 million. As a gaggle, equities analysts forecast that Teekay Tankers will submit 6.22 earnings per share for the present fiscal yr.
Hedge funds and different institutional buyers have not too long ago purchased and bought shares of the inventory. Edge Wealth Administration LLC bought a brand new place in Teekay Tankers within the 2nd quarter price roughly $58,000. Meeder Asset Administration Inc. lifted its holdings in Teekay Tankers by 271.8% within the 1st quarter. Meeder Asset Administration Inc. now owns 4,064 shares of the delivery firm’s inventory price $90,000 after buying an extra 2,971 shares within the final quarter. Tower Analysis Capital LLC TRC bought a brand new place in Teekay Tankers within the 1st quarter price roughly $103,000. Symons Capital Administration Inc. bought a brand new place in Teekay Tankers within the 2nd quarter price roughly $149,000. Lastly, Mid Atlantic Monetary Administration Inc. ADV bought a brand new place in Teekay Tankers within the 2nd quarter price roughly $156,000. 28.45% of the inventory is at the moment owned by institutional buyers.
About Teekay Tankers
Teekay Tankers Ltd. offers marine transportation companies to grease industries in Bermuda and internationally. It operates via two segments, Tanker and Ship-to-ship Switch (STS). The corporate gives voyage and time constitution companies; and offshore STS switch companies of commodities primarily crude oil and refined oil merchandise, in addition to liquid gases and varied different merchandise.
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