Revenue Forecast of Teekay Tankers Ltd. (TNK)
- Author: Zachary Reyes Jun 06, 2017,
Jun 06, 2017, 13:23
It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.
We view the transaction as positive for both companies as TIL releases some of the massive discount to NAV, which has been inherent in the share price since inception in 2014, and TNK, which strengthens the balance sheet and alleviates some of our concerns around the liquidity situation through the trough. Teekay Tankers had 14 analyst reports since September 4, 2015 according to SRatingsIntel. Finally, Bank of America Corp restated an "underperform" rating and set a $1.80 price target (down previously from $2.25) on shares of Teekay Tankers in a research report on Wednesday, May 17th. The stock of Teekay Tankers Ltd. (NYSE:TNK) has "Buy" rating given on Friday, September 4 by UBS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in Teekay by 65.9% in the third quarter. Muhlenkamp & Co. Inc. increased its position in shares of Teekay Tankers by 3.3% in the third quarter.
The volume of the particular stock is the shares bought and sold in a single trading day. Its last month's stock price volatility remained 3.89% which for the week stands at 3.41%.
TK has a 1-year high price of $ 11.77 and 1-year low price of $5.45.
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The Stock had a 2.88 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.88 and 2.88 respectively. Prudential Financial has 0% invested in Teekay Tankers Ltd. (NYSE:TNK) for 381,173 shares. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & worldwide copyright legislation. New York State Common Retirement Fund holds 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 121,000 shares.
Taking a look at valuation rankings for Teekay Tankers Ltd. (NYSE:TNK), we see that the stock has a Value Composite score of 2. The firm's 50 day moving average is $2.00 and its 200 day moving average is $2.25. We in no way are suggesting that readers make any decision on Teekay Tankers Ltd. (NYSE:TNK) based on the information in this report.
Market Capitalization can be thought of as the overall price to buy the company. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.02. Teekay had a positive return on equity of 0.13% and a negative net margin of 3.32%. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $95.97 million. The firm's revenue for the quarter was down 24.2% on a year-over-year basis. On average, equities research analysts expect that Teekay will post ($0.74) earnings per share for the current fiscal year. Shareholders of record on Monday, May 29th will be given a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $0.12 annualized dividend and a yield of 6.35%. Teekay Tankers Ltd.'s RSI is presently sitting at 34.31.
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers. The Firm has two divisions: conventional tanker and ship-to-ship transfer.