Teekay Tankers (NYSE:TNK) released its earnings results on Thursday. The shipping company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.51), MarketWatch Earnings reports. Teekay Tankers had a return on equity of 16.13% and a net margin of 13.18%.
Shares of NYSE TNK traded down $0.25 during mid-day trading on Friday, hitting $14.65. 47,440 shares of the company were exchanged, compared to its average volume of 1,280,667. The company has a quick ratio of 1.82, a current ratio of 2.02 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $13.86 and a 200-day simple moving average of $16.52. Teekay Tankers has a 1-year low of $7.72 and a 1-year high of $26.92. The firm has a market cap of $524.27 million, a price-to-earnings ratio of 3.56, a price-to-earnings-growth ratio of 0.72 and a beta of 0.25.
Several analysts have commented on the stock. Fearnley Fonds cut shares of Teekay Tankers from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research note on Tuesday, June 2nd. DNB Markets raised shares of Teekay Tankers from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, May 28th. Bank of America lowered shares of Teekay Tankers from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $20.00 to $14.00 in a report on Friday. BofA Securities lowered shares of Teekay Tankers from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $20.00 to $14.00 in a report on Friday. Finally, Zacks Investment Research lowered shares of Teekay Tankers from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.50.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products.
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