Teekay Tankers Ltd. (NYSE:TNK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.22 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Bank of America downgrades its rating on Teekay Tankers Ltd. (NYSE:TNK). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 20, 2016.
Teekay Tankers Ltd. (NYSE:TNK): The stock price is expected to reach $ 7.5 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $12 while the lower estimate is at $3. The standard deviation of the price stands at $3.38.
Tuesdays trading session turned out to be a no-profit no-loss event for Teekay Tankers Ltd. (NYSE:TNK). The opening trade occurred at $3.24 and the highest and the lowest points of the day were $3.27 and $3.15 respectively. The final trade was registered at $3.24 and the volume by the end of the day had touched 1,257,211 shares. The 52-week high of the stock is $8.53 and the 52-week low is $3.03. According to the current valuation, the market cap of the company is $506 million and the total number of shares available in public circulation is 156,200,000.
Teekay Tankers Ltd. has lost 1.82% in the last five trading days and dropped 1.43% in the last 4 weeks. Teekay Tankers Ltd. has dropped 12.09% during the last 3-month period . Year-to-Date the stock performance stands at -50.28%.
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.