Teekay Tankers Ltd. (TNK) Shares are Down -0.77%

Teekay Tankers Ltd. (TNK) : During the past 4 weeks, traders have been relatively bearish on Teekay Tankers Ltd. (TNK), hence the stock is down -7.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.3% relative to the S&P 500. The 4-week change in the price of the stock is -9.47% and the stock has fallen -0.77% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 8.6%.The 200 Day SMA reached 32.45% Teekay Tankers Ltd. has dropped 17.65% during the last 3-month period . Year-to-Date the stock performance stands at -59.56%.


Teekay Tankers Ltd. (TNK) : The highest short term price target forecast on Teekay Tankers Ltd. (TNK) is $10 and the lowest target price is $3. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $4.89 with a standard deviation of $2.75.

Company shares have received an average consensus rating of Hold for the current week Teekay Tankers Ltd. (NYSE:TNK): The stock opened at $2.55 and touched an intraday high of $2.59 on Friday. During the day, the stock corrected to an intraday low of $2.5, however, the bulls stepped in and pushed the price higher to close in the green at $2.58 with a gain of 2.38% for the day. The total traded volume for the day was 1,631,772. The stock had closed at $2.58 in the previous trading session.

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.

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