Teekay Tankers Ltd. [TNK] stock is trading at $43.32, down -3.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TNK shares have gain 4.18% over the last week, with a monthly amount glided 15.95%, and seem to be holding up well over a long-time horizon.
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On 23, February 2023, Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results. In a post published today on Yahoo Finance, Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company’s results for the quarter and year ended December 31, 2022.
From an analyst’s perspective:
Teekay Tankers Ltd. [NYSE: TNK] stock has seen the most recent analyst activity on July 21, 2022, when Jefferies initiated its Buy rating and assigned the stock a price target of $25. On April 12, 2021, downgrade downgraded it’s rating to Hold. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $22 on March 29, 2021. BofA Securities downgraded its rating to a Underperform and reduced its price target to $14 on August 14, 2020. DNB Markets upgraded its rating to Buy for this stock on May 28, 2020. In a note dated March 09, 2020, DNB Markets downgraded an Hold rating on this stock but restated the target price of $21.
Teekay Tankers Ltd. [TNK] stock has fluctuated between $12.89 and $48.05 over the past year. Currently, Wall Street analysts expect the stock to reach $50.53 within the next 12 months. Teekay Tankers Ltd. [NYSE: TNK] shares were valued at $43.32 at the most recent close of the market. An investor can expect a potential return of 16.64% based on the average TNK price forecast.
Analyzing the TNK fundamentals
Teekay Tankers Ltd. [NYSE:TNK] reported sales of 367.32 billion for the most recent quarter, which represents a growth of 129.10%. Gross Margin for this corporation currently stands at +27.34% with Operating Margin at +23.41%, Pretax Margin comes in at +21.60%, and Net Margin reading is +21.55%. To continue investigating profitability, this company’s Return on Assets is posted at 13.47, Equity is 24.01, Total Capital is 15.86, and Invested Capital is 15.35. An extended look at the Principal structure reveals enduring liabilities to the total capital of 35.00 and enduring liabilities to assets of 32.30.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.95 points at the first support level, and at 40.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.59, and for the 2nd resistance point, it is at 47.87.
Teekay Tankers Ltd. [TNK] reported earnings per share of $1.7 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.69/share, meaning a difference of $0.01 and a surprise factor of 0.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.76 per share as compared to estimates of $0.68 per share, a difference of $0.08 representing a surprise of 11.80%.
Ratios To Look Out For
For context, Teekay Tankers Ltd.’s Current Ratio is 2.70. Also, the Quick Ratio is 2.34, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 0.98 and the P/E (TTM) ratio is 6.52.