Teekay Tankers Ltd [TNK] stock prices are up 2.87% to $41.27 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TNK shares have gain 2.08% over the last week, with a monthly amount glided 0.46%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Teekay Tankers Ltd [NYSE: TNK] stock has seen the most recent analyst activity on November 13, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $46 from $51. Previously, BofA Securities downgraded its rating to Neutral on November 01, 2024. On January 19, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $72 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $25 on July 21, 2022. DNB Markets downgraded its rating to Hold for this stock on April 12, 2021. In a note dated March 29, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $22 on this stock.
The stock price of Teekay Tankers Ltd [TNK] has been fluctuating between $36.04 and $74.20 over the past year. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Teekay Tankers Ltd [NYSE: TNK] shares were valued at $41.27 at the most recent close of the market. An investor can expect a potential return of 84.15% based on the average TNK price forecast.
Analyzing the TNK fundamentals
The Teekay Tankers Ltd [NYSE:TNK] reported sales of 1.14B for trailing twelve months, representing a drop of -17.54%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.25 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 40.06 points at the first support level, and at 38.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.90, and for the 2nd resistance point, it is at 42.52.
Ratios To Look Out For
It’s worth pointing out that Teekay Tankers Ltd [NYSE:TNK]’s Current Ratio is 5.66. As well, the Quick Ratio is 5.32, while the Cash Ratio is 4.59. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 3.65.
Transactions by insiders
Recent insider trading involved Antturi Peter, Director, that happened on Feb 24 ’25 when 1501.0 shares were purchased. Director, DAVID ALFRED SCHELLENBERG completed a deal on Dec 23 ’24 to buy 6000.0 shares. Meanwhile, Director Chu Sai bought 4380.0 shares on Dec 04 ’24.
