Teekay Tankers Ltd. (TNK) : The consensus on Teekay Tankers Ltd. (TNK) based on 8 analyst recommendation on the company stock is 2.38, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Teekay Tankers Ltd. (TNK).
Teekay Tankers Ltd. (TNK) : Currently there are 7 street experts covering Teekay Tankers Ltd. (TNK) stock. The most bullish and bearish price target for the stock is $10 and $3 respectively for the short term. The average price target of all the analysts comes to $5.19. The estimated standard deviation from the target is $2.57.
Shares of Teekay Tankers Ltd. appreciated by 2.14% during the last five trading days but lost 4.2% on a 4-week basis. Teekay Tankers Ltd. has dropped 7.81% during the last 3-month period . Year-to-Date the stock performance stands at -55.02%. Teekay Tankers Ltd. (NYSE:TNK): On Tuesdays trading session , Opening price of the stock was $2.89 with an intraday high of $2.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.86. However, the stock managed to close at $2.87, a loss of 0.35% for the day. On the previous day, the stock had closed at $2.88. The total traded volume of the day was 992,366 shares.
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Companys business is to own crude oil and product tankers. The Company owns around 11 Aframax Tankers, three medium range product tankers, 10 Suezmax tankers and three long range 2 product tankers. The Companys chartered-in vessels include eight Aframax Tankers and four long range 2 product tankers. The Company also operates one 50% owned very large crude carrier (VLCC). The Companys operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.