Published On: Wed, Nov 1st, 2017

This Weeks Target Prices For Teekay Tankers Ltd. (NYSE:TNK)


Recently stock market analysts have updated their consensus ratings on shares of Teekay Tankers Ltd. (NYSE:TNK).

Most recent broker ratings

06/07/2017 – Teekay Tankers Ltd. had its “sell” rating reiterated by analysts at UBS. They now have a USD 1.5 price target on the stock.

05/17/2017 – Teekay Tankers Ltd. had its “underperform” rating reiterated by analysts at Bank of America Merrill Lynch. They now have a USD 1.8 price target on the stock.

02/21/2017 – Teekay Tankers Ltd. had its “neutral” rating reiterated by analysts at Credit Suisse.

10/03/2016 – Teekay Tankers Ltd. was downgraded to “neutral” by analysts at Clarkson Platou. They now have a USD 3 price target on the stock.

08/25/2016 – Teekay Tankers Ltd. had its “equal-weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 2.5 price target on the stock.

05/04/2016 – Seaport Global Securities began new coverage on Teekay Tankers Ltd. giving the company a “buy” rating. They now have a USD 6 price target on the stock.

04/07/2016 – Teekay Tankers Ltd. was upgraded to “neutral” by analysts at JP Morgan. They now have a USD 5 price target on the stock.

03/02/2016 – Teekay Tankers Ltd. had its “hold” rating reiterated by analysts at Danske Bank. They now have a USD 4.5 price target on the stock.

02/26/2016 – Teekay Tankers Ltd. was downgraded to “hold” by analysts at Deutsche Bank. They now have a USD 5 price target on the stock.

01/11/2016 – Barclays began new coverage on Teekay Tankers Ltd. giving the company a “overweight” rating. They now have a USD 10 price target on the stock.

12/08/2015 – Teekay Tankers Ltd. had its “outperform” rating reiterated by analysts at Credit Agricole. They now have a USD 10 price target on the stock.

05/18/2015 – Teekay Tankers Ltd. had its “buy” rating reiterated by analysts at Evercore ISI. They now have a USD 9.5 price target on the stock.

03/04/2015 – GMP Securities began new coverage on Teekay Tankers Ltd. giving the company a “hold” rating.

02/17/2015 – Teekay Tankers Ltd. was upgraded to “buy” by analysts at DNB Markets. They now have a USD 6.7 price target on the stock.

09/18/2014 – Clarkson Capital began new coverage on Teekay Tankers Ltd. giving the company a “hold” rating.

Teekay Tankers Ltd. has a 50 day moving average of 1.61 and a 200 day moving average of 1.73. The stock’s market capitalization is 265.21M, it has a 52-week low of 1.37 and a 52-week high of 2.78.

The share price of the company (NYSE:TNK) was down -5.13% during the last trading session, with a high of 1.57 and the volume of Teekay Tankers Ltd. shares traded was 1425629.

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. Its ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company’s conventional tanker segment as part of full service lightering operations and other related services. Its operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services. Its fleet consists of approximately 60 conventional vessels (including over 10 in-chartered vessels and an approximately 50%-owned very large crude carrier (VLCC)) and approximately six ship-to-ship (STS) support vessels.