Teekay Tankers Ltd. s in-depth stock price analysis indicates that the stock price has dropped -0.83% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -9.77% . Looking at the past 52 week period, the stock price is down -40.45% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Teekay Tankers Ltd. has a negative value of -38.42 compared to overall market performance. Teekay Tankers Ltd. (NYSE:TNK) has tumbled 2.83% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.26% in the last four weeks. The stocks have underperformed the S&P 500 by 3.62% during the past week but Teekay Tankers Ltd. (NYSE:TNK) it has outperformed the index in 4 weeks by 3.38%.
Teekay Tankers Ltd. (NYSE:TNK) : On Friday heightened volatility was witnessed in Teekay Tankers Ltd. (NYSE:TNK) which led to swings in the share price. The stock opened for trading at $2.36 and hit $2.45 on the upside , eventually ending the session at $2.4, with a gain of 2.56% or 0.06 points. The heightened volatility saw the trading volume jump to 1,589,864 shares. The 52-week high of the share price is $4.8 and the company has a market cap of $375 million. The 52-week low of the share price is at $1.9 .
Teekay Tankers Ltd. Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.03. The company had revenue of $104.60 million for the quarter, compared to analysts expectations of $93.25 million. The companys revenue was down -25.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Teekay Tankers Ltd. is a Marshall Islands corporation recently formed by Teekay Corporation to provide international marine transportation of crude oil. Teekay Tankers Ltd. owns a fleet of nine double-hull Aframax-class oil tankers, which an affiliate of Teekay Corporation manages under a mix of spot-market trading and short- or medium-term fixed-rate time-charter contracts. In addition, Teekay Corporation will offer to Teekay Tankers Ltd. within eighteen months of the initial public offering the opportunity to purchase up to four Suezmax-class oil tankers. Teekay Tankers Ltd. intends to distribute on a quarterly basis all of its cash available for distribution, subject to any reserves established by its board of directors.