Headlines about Teekay Tankers (NYSE:TNK) have trended somewhat positive recently, according to AlphaOne Sentiment. AlphaOne, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Tankers earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also assigned media stories about the shipping company an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne’s scoring:
- BRIEF-Teekay Tankers declares cash dividend of $0.03 per share (TNK) (markets.businessinsider.com)
- Teekay Tankers : misses 1Q profit forecasts (4-traders.com)
- Teekay Tankers Ltd (TNK) Declares $0.03 Quarterly Dividend; 6.3% Yield (streetinsider.com)
- Teekay Tankers’ (TNK) CEO Kevin Mackay on Q1 2017 Results – Earnings Call Transcript (seekingalpha.com)
- ETFs with exposure to Teekay Tankers Ltd. : May 18, 2017 (finance.yahoo.com)
Several equities research analysts have recently issued reports on the company. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Teekay Tankers in a research report on Wednesday, February 22nd. Zacks Investment Research raised Teekay Tankers from a “sell” rating to a “hold” rating in a report on Saturday, February 4th. Finally, Bank of America Corp reissued an “underperform” rating and issued a $1.80 price objective (down previously from $2.25) on shares of Teekay Tankers in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.59.
Shares of Teekay Tankers (NYSE:TNK) remained flat at $1.93 on Friday. The stock had a trading volume of 928,856 shares. The firm has a market capitalization of $307.46 million, a P/E ratio of 4.82 and a beta of 2.48. Teekay Tankers has a 1-year low of $1.90 and a 1-year high of $3.84. The company’s 50-day moving average is $2.02 and its 200-day moving average is $2.26.
Teekay Tankers (NYSE:TNK) last announced its quarterly earnings results on Thursday, May 18th. The shipping company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Teekay Tankers had a return on equity of 13.73% and a net margin of 18.95%. The business had revenue of $125.10 million for the quarter, compared to analyst estimates of $95.97 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue for the quarter was down 24.2% compared to the same quarter last year. On average, equities research analysts anticipate that Teekay Tankers will post $0.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Monday, May 29th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $0.12 annualized dividend and a dividend yield of 6.22%. Teekay Tankers’s dividend payout ratio (DPR) is 17.14%.
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Teekay Tankers Company Profile
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
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