Teekay Tankers (TNK) Scheduled to Post Earnings on Thursday

Teekay Tankers (NYSE:TNK) is scheduled to be announcing its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Teekay Tankers (NYSE:TNK) opened at $1.08 on Wednesday. Teekay Tankers has a 52-week low of $1.08 and a 52-week high of $2.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $289.66, a P/E ratio of -3.86 and a beta of 2.18.

A number of research analysts recently weighed in on TNK shares. Seaport Global Securities set a $3.00 price objective on Teekay Tankers and gave the company a “buy” rating in a research report on Thursday, January 4th. ValuEngine lowered Teekay Tankers from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Bank of America reduced their price objective on Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating for the company in a research report on Friday, November 10th. Finally, Morgan Stanley reduced their price objective on Teekay Tankers from $2.00 to $1.30 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Teekay Tankers presently has an average rating of “Hold” and an average price target of $1.82.

An institutional investor recently raised its position in Teekay Tankers stock. Vanguard Group Inc. grew its holdings in Teekay Tankers Ltd. (NYSE:TNK) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,429 shares of the shipping company’s stock after purchasing an additional 17,907 shares during the period. Vanguard Group Inc. owned about 0.17% of Teekay Tankers worth $540,000 as of its most recent SEC filing. Institutional investors own 35.07% of the company’s stock.

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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.

Earnings History for Teekay Tankers (NYSE:TNK)

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