Teekay Tankers Ltd. is a American stock, trading under the symbol TNK-N on the New York Stock Exchange (TNK). It is usually referred to as NYSE:TNK or TNK-N
In the last year, there was no coverage of Teekay Tankers Ltd. published on Stockchase.
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In the last year, there was no coverage of Teekay Tankers Ltd. published on Stockchase.
On 2023-02-16, Teekay Tankers Ltd. (TNK-N) stock closed at a price of $38.62.
TNK 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)