Teekay Tankers Stock Today

TNK Stock  USD 58.41  1.10  1.92%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Teekay Tankers is selling for 58.41 as of the 28th of March 2024. This is a 1.92% increase since the beginning of the trading day. The stock's last reported lowest price was 57.15. Teekay Tankers has a very small chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Teekay Tankers are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
13th of December 2007
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada. Teekay Tankers operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. The company has 29.5 M outstanding shares of which 910.34 K shares are at this time shorted by investors with about 1.62 days to cover. More on Teekay Tankers

Moving together with Teekay Stock

  0.78TK TeekayPairCorr

Moving against Teekay Stock

  0.51MMLP Martin Midstream Partners Financial Report 17th of April 2024 PairCorr
  0.5BROGW Brooge Energy LimitedPairCorr
  0.46KMI Kinder Morgan Aggressive PushPairCorr
  0.44LPG Dorian LPG Financial Report 22nd of May 2024 PairCorr

Teekay Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Teekay Tankers' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Teekay Tankers or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOPeter Evensen
Old NameThink Childcare & Educ Ltd
Business ConcentrationOil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Teekay Tankers report their recommendations after researching Teekay Tankers' financial statements, talking to executives and customers, or listening in on Teekay Tankers' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Teekay Tankers. The Teekay consensus assessment is calculated by taking the average forecast from all of the analysts covering Teekay Tankers.
Financial Strength
Based on the key indicators related to Teekay Tankers' liquidity, profitability, solvency, and operating efficiency, Teekay Tankers is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of Teekay Tankers is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.760.7283
Sufficiently Up
Slightly volatile
Total Current Liabilities141.2 M139.3 M
Fairly Up
Slightly volatile
Non Current Liabilities Total198 M208.4 M
Notably Down
Slightly volatile
Total Assets1.5 B1.9 B
Significantly Down
Slightly volatile
Total Current Assets644.2 M613.5 M
Sufficiently Up
Slightly volatile
Teekay Tankers' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Teekay Tankers' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Teekay Tankers' financial leverage. It provides some insight into what part of Teekay Tankers' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Teekay Tankers' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Teekay Tankers deploys its capital and how much of that capital is borrowed.
Liquidity
Teekay Tankers cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 215.91 M in debt with debt to equity (D/E) ratio of 0.74, which is OK given its current industry classification. Teekay Tankers has a current ratio of 1.6, which is typical for the industry and considered as normal. Debt can assist Teekay Tankers until it has trouble settling it off, either with new capital or with free cash flow. So, Teekay Tankers' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Teekay Tankers sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Teekay to invest in growth at high rates of return. When we think about Teekay Tankers' use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

5.6 Million
Teekay Tankers (TNK) is traded on New York Stock Exchange in USA. It is located in Belvedere Building, Hamilton, Bermuda, HM 08 and employs 1,590 people. Teekay Tankers is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.95 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Teekay Tankers's market, we take the total number of its shares issued and multiply it by Teekay Tankers's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Teekay Tankers runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 29.5 M outstanding shares of which 910.34 K shares are at this time shorted by investors with about 1.62 days to cover. Teekay Tankers has about 180.51 M in cash with 626.07 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.0.
Check Teekay Tankers Probability Of Bankruptcy
Ownership Allocation
Teekay Tankers shows a total of 29.5 Million outstanding shares. Over half of Teekay Tankers' outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Teekay Tankers. Please watch out for any change in the institutional holdings of Teekay Tankers as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Teekay Ownership Details

Teekay Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Teekay Tankers jumping above the current price in 90 days from now is about 17.07%. The Teekay Tankers probability density function shows the probability of Teekay Tankers stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Teekay Tankers has a beta of -0.4715. This usually implies as returns on benchmark increase, returns on holding Teekay Tankers are expected to decrease at a much lower rate. During the bear market, however, Teekay Tankers is likely to outperform the market. Additionally, teekay Tankers has an alpha of 0.1986, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 58.41HorizonTargetOdds Above 58.41
82.76%90 days
 58.41 
17.07%
Based on a normal probability distribution, the odds of Teekay Tankers to move above the current price in 90 days from now is about 17.07 (This Teekay Tankers probability density function shows the probability of Teekay Stock to fall within a particular range of prices over 90 days) .

Teekay Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Teekay Tankers that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Teekay Tankers' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Teekay Tankers' value.
InstituionRecorded OnShares
State Street Corporation2023-12-31
408.5 K
American Century Companies Inc2023-12-31
397.4 K
Jacobs Levy Equity Management, Inc.2023-09-30
383 K
Two Sigma Advisers, Llc2023-12-31
370.5 K
Two Sigma Investments Llc2023-12-31
322.7 K
Nuveen Asset Management, Llc2023-12-31
314.1 K
Fmr Inc2023-12-31
307.2 K
Bridgeway Capital Management, Llc2023-12-31
300.9 K
Geode Capital Management, Llc2023-12-31
285.9 K
Dimensional Fund Advisors, Inc.2023-12-31
M
Blackrock Inc2023-12-31
1.5 M
View Teekay Tankers Diagnostics

Teekay Tankers Historical Income Statement

Teekay Tankers Income Statement is one of the three primary financial statements used for reporting Teekay's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Teekay Tankers revenue and expense. Teekay Tankers Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Teekay Tankers' EBIT is quite stable compared to the past year. EBITDA is expected to rise to about 655.6 M this year, although the value of Total Operating Expenses will most likely fall to about 38.5 M. View More Fundamentals

Teekay Stock Against Markets

Picking the right benchmark for Teekay Tankers stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Teekay Tankers stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Teekay Tankers is critical whether you are bullish or bearish towards Teekay Tankers at a given time. Please also check how Teekay Tankers' historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in Teekay Tankers without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Teekay Tankers Corporate Directors

Teekay Tankers corporate directors refer to members of a Teekay Tankers board of directors. The board of directors generally takes responsibility for the Teekay Tankers' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Teekay Tankers' board members must vote for the resolution. The Teekay Tankers board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Bjorn MollerDirectorProfile
Richard MoulinIndependent DirectorProfile
Richard PatersonDirectorProfile
Richard BronksIndependent DirectorProfile

How to buy Teekay Stock?

Before investing in Teekay Tankers, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Teekay Tankers. To buy Teekay Tankers stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Teekay Tankers. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Teekay Tankers stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Teekay Tankers stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Teekay Tankers stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Teekay Tankers, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Teekay Stock please use our How to Invest in Teekay Tankers guide.

Already Invested in Teekay Tankers?

The danger of trading Teekay Tankers is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Teekay Tankers is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Teekay Tankers. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Teekay Tankers is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Teekay Tankers is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Tankers Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Tankers Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay Tankers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Teekay Tankers' price analysis, check to measure Teekay Tankers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teekay Tankers is operating at the current time. Most of Teekay Tankers' value examination focuses on studying past and present price action to predict the probability of Teekay Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay Tankers' price. Additionally, you may evaluate how the addition of Teekay Tankers to your portfolios can decrease your overall portfolio volatility.
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Is Teekay Tankers' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay Tankers. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
1
Earnings Share
14.86
Revenue Per Share
39.943
Quarterly Revenue Growth
(0.15)
The market value of Teekay Tankers is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay Tankers' value that differs from its market value or its book value, called intrinsic value, which is Teekay Tankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay Tankers' market value can be influenced by many factors that don't directly affect Teekay Tankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay Tankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.