News coverage about Teekay Tankers (NYSE:TNK) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press 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 daily sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 45.963889238117 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
TNK remained flat at $$1.17 during trading on Friday. The company had a trading volume of 502,660 shares, compared to its average volume of 1,180,559. The company has a market cap of $204.29, a P/E ratio of -10.64 and a beta of 2.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.67 and a current ratio of 0.75. Teekay Tankers has a 52-week low of $1.08 and a 52-week high of $2.20.
Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Thursday, February 22nd. The shipping company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $105.20 million during the quarter, compared to the consensus estimate of $87.10 million. Teekay Tankers had a negative return on equity of 2.16% and a negative net margin of 13.78%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. equities analysts predict that Teekay Tankers will post -0.18 EPS for the current year.
A number of brokerages have recently weighed in on TNK. Morgan Stanley lowered their price target on Teekay Tankers from $2.00 to $1.30 and set an “equal weight” rating for the company in a report on Monday, February 12th. DNB Markets upgraded Teekay Tankers from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. UBS upgraded Teekay Tankers from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $1.26 to $1.00 in a research note on Monday, February 26th. Zacks Investment Research upgraded Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, ValuEngine downgraded Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $1.72.
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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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