Currently, Teekay Tankers Ltd [TNK] is trading at $37.55, up 8.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TNK shares have lost -1.88% over the last week, with a monthly amount drifted -2.01%, and not 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.
This stock has fluctuated between a low of $33.35 and a high of $74.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Teekay Tankers Ltd [NYSE: TNK] shares were valued at $37.55 at the most recent close of the market. An investor can expect a potential return of 102.4% based on the average TNK price forecast.
Analyzing the TNK fundamentals
Trailing Twelve Months sales for Teekay Tankers Ltd [NYSE:TNK] were 1.14B which represents -17.54% decline. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.24 and Total Capital is 0.2. 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 35.02 points at the first support level, and at 32.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.06, and for the 2nd resistance point, it is at 40.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Teekay Tankers Ltd [NYSE:TNK] is 5.66. Further, the Quick Ratio stands at 5.32, while the Cash Ratio is 3.88. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 3.32.
Transactions by insiders
Recent insider trading involved DU MOULIN RICHARD T, Director, that happened on Feb 26 ’25 when 6347.0 shares were purchased. Director, Antturi Peter completed a deal on Feb 24 ’25 to buy 1501.0 shares. Meanwhile, Director DAVID ALFRED SCHELLENBERG bought 6000.0 shares on Dec 23 ’24.
