Teekay Tankers Ltd. with ticker code (TNK) now have 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 36 and 14 calculating the average target price we see 23. Given that the stocks previous close was at 11.75 this now indicates there is a potential upside of 95.7%. The 50 day MA is 14.04 and the 200 day moving average is 16.34. The company has a market cap of $416m. Company Website: http://www.teekay.com/business/tankers
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2019, the company owned and leased 55 double-hull oil tankers, 2 ship-to-ship support vessels, and 9 time chartered-in tankers. Its vessels are employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers Ltd. was founded in 2007 and is based in Vancouver, Canada.