Teekay Story

<div class='circular--portrait' style='background:#FF6600;color: #FFFAFA;font-size:4em;'>TT</div>
While some traders are getting carried away by overanalyzing energy space, it is reasonable to examine Teekay Tankers against current market trends. As expected, Teekay Tankers is starting to reaffirm its true potential as traders are becoming more and more confident in the future outlook. The returns on the market and returns on Teekay Tankers appear somewhat correlated for the last few months. Inconsistent basic indicators of the firm may also signify signs of long-lasting losses for Teekay traders. Teekay Tankers is scheduled to announce its earnings today. The stock continues to go through an active downward rally.
Published over a month ago
View all stories for Teekay Tankers | View All Stories
Planning to remain with Teekay Tankers (NYSE:TNK) in September?
Teekay Tankers's average rating is Hold from 8 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Teekay Tankers market sentiment investors' perception of the future value of Teekay. Let us look at a few aspects of Teekay technical analysis. About 17.0% of the company outstanding shares are owned by corporate insiders. Teekay Tankers has price-to-book ratio of 0.49. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. The entity has Price/Earnings To Growth (PEG) ratio of 0.68. The firm last dividend was issued on the 2nd of March 2018. Teekay Tankers had 1-8 split on the 25th of November 2019.

How important is Teekay Tankers's Liquidity

Teekay Tankers financial leverage refers to using borrowed capital as a funding source to finance Teekay Tankers ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Teekay Tankers financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Teekay Tankers's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Teekay Tankers, but it might be worth checking our own buy vs. sell analysis

Breaking down Teekay Tankers Indicators

The entity has a beta of -0.3367. Let's try to break down what Teekay's beta means in this case. As returns on the market increase, Teekay Tankers returns are expected to increase less than the market. However, during the bear market, the loss on holding Teekay Tankers will be expected to be smaller as well. The beta indicator helps investors understand whether Teekay Tankers moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Teekay deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The firm reported the last year's revenue of 1.05 B. Total Income to common stockholders was 135.75 M with profit before taxes, overhead, and interest of 289.83 M.

Can Teekay Tankers build up on the recent surge?

Recent treynor ratio is at 0.54. Teekay Tankers exhibits very low volatility with skewness of 0.17 and kurtosis of -0.11. However, we advise investors to further study Teekay Tankers technical indicators to make sure all market info is available and is reliable.

Our Conclusion on Teekay Tankers

When is the right time to buy or sell Teekay Tankers? Buying stocks such as Teekay Tankers isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily bases. The bottom line, as of the 13th of August 2020, our analysis shows that Teekay Tankers almost neglects market trends. The firm is overvalued and projects close to average odds of distress for the next 2 years. Our current 30 days 'Buy-Sell' recommendation on the firm is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Teekay Tankers. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com