Summer Sale
50% off Premium Yearly
Opinions The Panic-Proof Portfolio (Stockchase Research)
Teekay Tankers Ltd.TNKPAST TOP PICKApr 18, 2023
Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentOur PAST TOP PICK with TNK has triggered its stop at $37. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 11%, based on our previous buy recommendation.
Premium contentWe reiterate TNK, a Bermuda based operator of 45 mid-sized crude oil and refined product tankers, as a TOP PICK. Security of energy supply is key in the market today and they move product to market. It trades at 6x earnings, 1.2x book and supports a ROE of 24%. We like that cash reserves are growing while they are retiring debt. We continue to recommend a stop-loss at $37, looking to achieve $55 — upside potential of 30%. Yield 0%
(Analysts’ price target is $55.02)Premium contentTNK is a Bermuda based operator of 45 mid-sized crude oil and refined product tankers. Recently reported earnings showed revenues were up 129% on the quarter and double on an annual basis. It trades at 1.5x earnings and supports a ROE of 24%. It is a low beta stock, meaning it will tend to operate more independently of the underlying equity market volatility. We recommend placing a stop-loss at $31.50, looking to achieve $51 — upside potential of 21%. Yield 0%
(Analysts’ price target is $50.78)
Our PAST TOP PICK with TNK is progressing well. To remain disciplined, we recommend trailing up the stop (from $31.50) to $37.00 at this time.