Teekay Tankers Ltd. – Consensus Indicates Potential 84.9% Upside

Broker Ratings

Teekay Tankers Ltd. found using ticker (TNK) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 36 and 14 with a mean TP of 20.86. Now with the previous closing price of 11.28 this indicates there is a potential upside of 84.9%. There is a 50 day moving average of 10.59 while the 200 day moving average is 13.77. The market cap for the company is $374m. Find out more information at: 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.

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