Teekay Tankers Ltd. – Consensus Indicates Potential 22.1% Upside

Broker Ratings

Teekay Tankers Ltd. with ticker code (TNK) have now 6 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 61 and 40 with the average target price sitting at $50.78. Given that the stocks previous close was at $41.58 this indicates there is a potential upside of 22.1%. Also worth taking note is the 50 day moving average now sits at $36.23 while the 200 day moving average is $28.95. The market cap for the company is $1,410m. Visit the company website at: https://www.teekay.com/business/tankers

The potential market cap would be $1,721m based on the market consensus.

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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.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 6.68, revenue per share of 31.27 and a 9.14% return on assets.

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