News articles about Teekay Tankers (NYSE:TNK) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Tankers earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 45.8984332869056 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Several brokerages have recently weighed in on TNK. Zacks Investment Research raised shares of Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. UBS raised shares of Teekay Tankers from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $1.26 to $1.00 in a research note on Monday, February 26th. ValuEngine cut shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Morgan Stanley decreased their price target on shares of Teekay Tankers from $2.00 to $1.30 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Finally, Seaport Global Securities set a $3.00 target price on shares of Teekay Tankers and gave the company a “buy” rating in a research note on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Teekay Tankers currently has a consensus rating of “Hold” and an average price target of $1.72.
Shares of NYSE:TNK traded down $0.02 during midday trading on Friday, hitting $1.08. The stock had a trading volume of 739,785 shares, compared to its average volume of 831,293. Teekay Tankers has a 12 month low of $1.08 and a 12 month high of $2.20. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $193.54, a PE ratio of -9.82 and a beta of 2.02.
Teekay Tankers (NYSE:TNK) last released its earnings results on Thursday, February 22nd. The shipping company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Teekay Tankers had a negative net margin of 13.78% and a negative return on equity of 2.16%. The business had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $87.10 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. equities analysts predict that Teekay Tankers will post -0.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, March 5th were paid a $0.03 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.12 annualized dividend and a dividend yield of 11.11%. Teekay Tankers’s dividend payout ratio is presently -109.09%.
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About Teekay Tankers
Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services.
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