Teekay Tankers Ltd. – Consensus Indicates Potential 33.1% Upside

Broker Ratings

Teekay Tankers Ltd. with ticker code (TNK) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 27 and 12 calculating the mean target price we have 19.34. With the stocks previous close at 14.53 this is indicating there is a potential upside of 33.1%. The 50 day MA is 12.13 and the 200 day MA is 13.38. The market capitalisation for the company is $502m. Visit the company website at: http://www.teekay.com/business/tankers

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, liquefied natural gas terminal management, consultancy, procurement, equipment rental, and other related services; and lightering support services, including, full-service lightering and other lightering support services. As of December 31, 2020, the company owned and leased 52 double-hull oil tankers, and 9 time chartered-in tankers. Its vessels are employed through long-term, fixed-rate time-charter contracts and spot tanker market. The company was founded in 2007 and is based in Hamilton, Canada.

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