A share price of Teekay Tankers Ltd [TNK] is currently trading at $69.30, up 9.07%. 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 14.96% over the last week, with a monthly amount glided 22.96%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Teekay Tankers Ltd [NYSE: TNK] stock has seen the most recent analyst activity on January 19, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $72 from $56. Previously, Jefferies started tracking the stock with Buy rating on July 21, 2022, and set its price target to $25. DNB Markets downgraded its rating to a Hold. H.C. Wainwright initiated its recommendation with a Buy and recommended $22 as its price target on March 29, 2021. BofA Securities downgraded its rating to Underperform for this stock on August 14, 2020, and downed its price target to $14. In a note dated May 28, 2020, DNB Markets upgraded an Buy rating on this stock.
Teekay Tankers Ltd experienced fluctuations in its stock price throughout the past year between $35.00 and $64.42. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Teekay Tankers Ltd [NYSE: TNK] shares were valued at $69.30 at the most recent close of the market. An investor can expect a potential return of 9.67% based on the average TNK price forecast.
Analyzing the TNK fundamentals
Trailing Twelve Months sales for Teekay Tankers Ltd [NYSE:TNK] were 1.36B which represents -14.71% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.27, Equity is 0.37 and Total Capital is 0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 66.28 points at the first support level, and at 63.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.04, and for the 2nd resistance point, it is at 72.79.
Teekay Tankers Ltd [TNK] reported earnings per share of $2.91 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.47/share, meaning a difference of -$0.56 and a surprise factor of -16.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $2.24 per share as compared to estimates of $2.03 per share, a difference of $0.21 representing a surprise of 10.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Teekay Tankers Ltd [NYSE:TNK] is 4.40. Also, the Quick Ratio is 4.02, while the Cash Ratio stands at 2.63. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 4.66.
