Teekay Tankers Stock Price on November 3, 2023
| TNK Stock | USD 68.08 1.46 2.19% |
Below is the normalized historical share price chart for Teekay Tankers extending back to December 13, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Teekay Tankers stands at 68.08, as last reported on the 20th of June, with the highest price reaching 69.60 and the lowest price hitting 66.68 during the day.
If you're considering investing in Teekay Stock, it is important to understand the factors that can impact its price. Teekay Tankers appears to be very steady, given 3 months investment horizon. Teekay Tankers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Teekay Tankers, which you can use to evaluate the volatility of the company. Please review Teekay Tankers' Coefficient Of Variation of 724.79, risk adjusted performance of 0.0988, and Semi Deviation of 1.44 to confirm if our risk estimates are consistent with your expectations.
At this time, Teekay Tankers' Total Stockholder Equity is quite stable compared to the past year. Other Stockholder Equity is expected to rise to about 1.3 B this year, although the value of Common Stock Total Equity will most likely fall to about 36.7 M. . At this time, Teekay Tankers' Price Fair Value is quite stable compared to the past year. Teekay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of December 2007 | 200 Day MA 54.3862 | 50 Day MA 64.965 | Beta (0.24) |
Teekay |
Sharpe Ratio = 0.1281
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Teekay Tankers is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Teekay Tankers by adding it to a well-diversified portfolio.
Price Book 1.2891 | Enterprise Value Ebitda 2.803 | Price Sales 1.4415 | Shares Float 24.1 M | Dividend Share 1 |
Teekay Tankers Valuation on November 3, 2023
It is possible to determine the worth of Teekay Tankers on a given historical date. On November 3, 2023 Teekay was worth 49.98 at the beginning of the trading date compared to the closed value of 52.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teekay Tankers stock. Still, in general, we apply an absolute valuation method to find Teekay Tankers' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Teekay Tankers where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teekay Tankers' related companies.
| Open | High | Low | Close | Volume | |
| 50.77 | 53.43 | 49.40 | 51.27 | 1,084,626 | |
11/03/2023 | 49.98 | 53.04 | 47.72 | 52.33 | 822,585 |
| 52.66 | 53.20 | 51.57 | 52.48 | 695,319 |
| Backtest Teekay Tankers | | | Teekay Tankers History | | | Teekay Tankers Valuation | Previous | Next |
Teekay Tankers Trading Date Momentum on November 3, 2023
| On November 06 2023 Teekay Tankers was traded for 52.48 at the closing time. Highest Teekay Tankers's price during the trading hours was 53.20 and the lowest price during the day was 51.57 . The net volume was 695.3 K. The overall trading history on the 6th of November contributed to the next trading period price upswing. The trading price change to the next next day price was 0.29% . The trading price change to current price is 1.24% . |
Teekay Tankers Fundamentals Correlations and Trends
By evaluating Teekay Tankers' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teekay Tankers' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teekay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Teekay Tankers Stock history
Teekay Tankers investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Teekay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teekay Tankers will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Teekay Tankers stock prices may prove useful in developing a viable investing in Teekay Tankers
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 34.6 M | 18.7 M | |
| Net Income Applicable To Common Shares | 206.2 M | 216.5 M |
Teekay Tankers Stock Technical Analysis
Teekay Tankers technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Teekay Tankers Period Price Range
Low | November 3, 2023
| High |
49.98 | 52.33 |
Teekay Tankers June 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Teekay Tankers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teekay Tankers shares will generate the highest return on investment. By undertsting and applying Teekay Tankers stock market strength indicators, traders can identify Teekay Tankers entry and exit signals to maximize returns
Teekay Tankers Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Teekay Tankers' price direction in advance. Along with the technical and fundamental analysis of Teekay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teekay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.2904 | |||
| Total Risk Alpha | 0.2981 | |||
| Sortino Ratio | 0.1779 | |||
| Treynor Ratio | 0.3766 |
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Additional Information and Resources on Investing in Teekay Stock
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 closely tied 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Oil & Gas Storage & Transportation space 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 (0.15) | Dividend Share 1 | Earnings Share 14.14 | Revenue Per Share 38.247 | Quarterly Revenue Growth (0.14) |
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.