Teekay Tankers Ltd. – Consensus Indicates Potential 3.2% Upside

Broker Ratings

Teekay Tankers Ltd. with ticker code (TNK) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 27 and 16.5 with a mean TP of 20.79. Given that the stocks previous close was at 20.15 this now indicates there is a potential upside of 3.2%. The day 50 moving average is 17.6 and the 200 day moving average is 13.69. The company has a market capitalisation of $698m. Company Website: https://www.teekay.com/business/tankers

The potential market cap would be $721m based on the market concensus.

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Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship 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 services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

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