2 weeks Ago By ABMN Staff
Fearnley Fonds upgraded shares of Teekay Tankers ( NYSE:TNK – Free Report ) to a strong-buy rating in a report published on Friday, Zacks.com reports. Several other research analysts also recently weighed in on the stock.
Bank of America reduced their price target on shares of Teekay Tankers from $77.00 to $69.00 and set a buy rating for the company in a research report on Tuesday, August 13th.
Evercore ISI increased their target price on Teekay Tankers from $84.00 to $85.00 and gave the company an outperform rating in a report on Tuesday, July 23rd.
Jefferies Financial Group restated a buy rating and issued a $76.00 target price on shares of Teekay Tankers in a research report on Thursday, August 1st. Finally, StockNews.
com cut Teekay Tankers from a buy rating to a hold rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Teekay Tankers currently has an average rating of Buy and a consensus price target of $76.
67. Read Our Latest Analysis on Teekay Tankers Teekay Tankers Trading Down 0.1 % Teekay Tankers ( NYSE:TNK – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st.
The shipping company reported $3.11 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.
13). The company had revenue of $296.60 million during the quarter, compared to analysts’ expectations of $192.
19 million. Teekay Tankers had a return on equity of 26.34% and a net margin of 36.
04%. Teekay Tankers’s revenue was down 20.0% compared to the same quarter last year.
During the same period in the previous year, the firm posted $4.38 EPS. Equities research analysts forecast that Teekay Tankers will post 13.
33 EPS for the current year. Teekay Tankers Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.
25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.
72%. The ex-dividend date of this dividend was Monday, August 12th. Teekay Tankers’s dividend payout ratio (DPR) is 7.
07%. Institutional Investors Weigh In On Teekay Tankers Large investors have recently made changes to their positions in the stock. Tucker Asset Management LLC acquired a new position in Teekay Tankers during the fourth quarter worth $38,000.
Fifth Third Bancorp boosted its position in shares of Teekay Tankers by 266.7% during the 2nd quarter. Fifth Third Bancorp now owns 627 shares of the shipping company’s stock valued at $43,000 after acquiring an additional 456 shares during the last quarter.
Quarry LP purchased a new stake in shares of Teekay Tankers in the second quarter valued at about $43,000. EntryPoint Capital LLC increased its position in Teekay Tankers by 76.5% during the first quarter.
EntryPoint Capital LLC now owns 872 shares of the shipping company’s stock worth $51,000 after purchasing an additional 378 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Teekay Tankers by 14.
7% during the second quarter. Blue Trust Inc. now owns 1,341 shares of the shipping company’s stock worth $92,000 after purchasing an additional 172 shares during the last quarter.
52.67% of the stock is currently owned by hedge funds and other institutional investors. About Teekay Tankers ( Get Free Report ) Teekay Tankers Ltd.
provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. Read More Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.
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