News articles about Teekay Tankers (NYSE:TNK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative 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 negative one to positive one, with scores closest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 45.6062202498784 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
TNK has been the subject of several analyst reports. ValuEngine upgraded shares of Teekay Tankers from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Teekay Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Morgan Stanley lowered their price target on shares of Teekay Tankers from $1.30 to $1.10 and set an “equal weight” rating for the company in a report on Wednesday, April 25th. UBS Group upgraded shares of Teekay Tankers from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $1.26 to $1.00 in a report on Monday, February 26th. Finally, DNB Markets upgraded shares of Teekay Tankers from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Teekay Tankers currently has a consensus rating of “Hold” and a consensus price target of $1.72.
Shares of Teekay Tankers stock traded up $0.11 during trading hours on Friday, hitting $1.35. The company had a trading volume of 115,069 shares, compared to its average volume of 1,514,375. Teekay Tankers has a twelve month low of $0.96 and a twelve month high of $2.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95. The stock has a market cap of $335.70 million, a price-to-earnings ratio of -12.27 and a beta of 2.00.
Teekay Tankers (NYSE:TNK) last issued its earnings results on Thursday, May 17th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Teekay Tankers had a negative net margin of 17.16% and a negative return on equity of 5.24%. The business had revenue of $88.47 million during the quarter, compared to analysts’ expectations of $83.84 million. During the same quarter in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. analysts forecast that Teekay Tankers will post -0.32 earnings per share for the current fiscal year.
Teekay Tankers Company Profile
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers.
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