At the time of writing, Teekay Tankers Ltd [TNK] stock is trading at $42.57, down -0.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The TNK shares have gain 8.07% over the last week, with a monthly amount glided 11.24%, 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.
For the past year, the stock price of Teekay Tankers Ltd fluctuated between $33.35 and $74.20. Currently, Wall Street analysts expect the stock to reach $51 within the next 12 months. Teekay Tankers Ltd [NYSE: TNK] shares were valued at $42.57 at the most recent close of the market. An investor can expect a potential return of 19.8% based on the average TNK price forecast.
Analyzing the TNK fundamentals
According to Teekay Tankers Ltd [NYSE:TNK], the company’s sales were 1.14B for trailing twelve months, which represents an -17.54% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 41.79 points at the first support level, and at 41.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.22, and for the 2nd resistance point, it is at 43.88.
Ratios To Look Out For
It is important to note that Teekay Tankers Ltd [NYSE:TNK] has a current ratio of 5.66. On the other hand, the Quick Ratio is 5.32, and the Cash Ratio is 3.88. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 3.76.
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.
