Headlines about Teekay Tankers (NYSE:TNK) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 46.0022460917136 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
Several equities analysts have recently commented on TNK shares. Zacks Investment Research cut Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Bank of America reduced their target price on Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating for the company in a research note on Friday, November 10th. ValuEngine cut Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Seaport Global Securities set a $3.00 target price on Teekay Tankers and gave the company a “buy” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $1.95.
Shares of Teekay Tankers (NYSE:TNK) traded up $0.01 on Thursday, reaching $1.39. The company had a trading volume of 686,200 shares, compared to its average volume of 1,188,836. Teekay Tankers has a 52-week low of $1.30 and a 52-week high of $2.70. The company has a market capitalization of $372.80, a PE ratio of -4.96 and a beta of 2.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.67 and a quick ratio of 0.67.
Teekay Tankers (NYSE:TNK) last announced its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Teekay Tankers had a negative return on equity of 0.99% and a negative net margin of 11.43%. The firm had revenue of $91.20 million for the quarter, compared to analysts’ expectations of $68.67 million. During the same period last year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. sell-side analysts predict that Teekay Tankers will post -0.15 EPS for the current year.
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About Teekay Tankers
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
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