Teekay Tankers Ltd. (TNK) : 9 analysts are covering Teekay Tankers Ltd. (TNK) and their average rating on the stock is 2.44, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Teekay Tankers Ltd. (TNK) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $3. The average forecast of all the analysts is $5.19 and the expected standard deviation is $2.57.
Company shares have received an average consensus rating of Hold for the current week Teekay Tankers Ltd. (NYSE:TNK): The stock was completely flat for the day, closing at $2.80 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $2.85, the stock touched an intraday high of $2.88 and a low of $2.79. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $2.80. The total trading volume on Thursday was 1,552,713.
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Companys business is to own crude oil and product tankers. The Company owns around 11 Aframax Tankers, three medium range product tankers, 10 Suezmax tankers and three long range 2 product tankers. The Companys chartered-in vessels include eight Aframax Tankers and four long range 2 product tankers. The Company also operates one 50% owned very large crude carrier (VLCC). The Companys operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.