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How to buy Teekay Tankers stock
Learn how to easily invest in Teekay Tankers stock.
Teekay Tankers is an oil & gas midstream business based in the US. Teekay Tankers shares (TNK) are listed on the NYSE and all prices are listed in US Dollars. Teekay Tankers employs 1,900 staff and has a trailing 12-month revenue of around $856.1 million.
How to buy Teekay Tankers stock
- Open a stock trading account. Use our comparison table or choose from our Top Picks.
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- Search for the stock by name or ticker symbol – TNK. It's that simple.
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What's in this guide?
Teekay Tankers stock price (NYSE: TNK)Use our graph to track the performance of TNK stocks over time.
Teekay Tankers shares at a glance
|Latest market close||$32.82|
|52-week range||$10.37 - $36.61|
|50-day moving average||$31.04|
|200-day moving average||$25.06|
|Wall St. target price||$43.53|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$1.18|
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Is it a good time to buy Teekay Tankers stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Teekay Tankers price performance over time
|1 week (2023-01-26)||15.16%|
|1 month (2022-12-30)||6.52%|
|3 months (2022-11-02)||-1.03%|
|6 months (2022-08-02)||46.13%|
|1 year (2022-02-02)||204.45%|
|2 years (2021-02-02)||220.20%|
|3 years (2020-01-31)||101.47%|
|5 years (2018-02-02)||2,612.40%|
Is Teekay Tankers stock undervalued or overvalued?
Valuing Teekay Tankers stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Teekay Tankers's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Teekay Tankers's P/E ratio
Teekay Tankers's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, Teekay Tankers shares trade at around 24x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Teekay Tankers's PEG ratio
Teekay Tankers's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 31.59. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Teekay Tankers's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Teekay Tankers's EBITDA
Teekay Tankers's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $150.3 million.
The EBITDA is a measure of a Teekay Tankers's overall financial performance and is widely used to measure a its profitability.
Teekay Tankers financials
|Revenue TTM||$856.1 million|
|Operating margin TTM||8.89%|
|Gross profit TTM||$48.1 million|
|Return on assets TTM||2.9%|
|Return on equity TTM||4.76%|
|Market capitalisation||$966.2 million|
TTM: trailing 12 months
Teekay Tankers share dividends
We're not expecting Teekay Tankers to pay a dividend over the next 12 months.
Have Teekay Tankers's shares ever split?
Teekay Tankers's shares were split on a 1:8 basis on 24 November 2019. So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Teekay Tankers shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for Teekay Tankers shares which in turn could have impacted Teekay Tankers's share price.
Teekay Tankers share price volatility
Over the last 12 months, Teekay Tankers's shares have ranged in value from as little as $10.37 up to $36.61. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Teekay Tankers's is 0.0056. This would suggest that Teekay Tankers's shares are less volatile than average (for this exchange).
Teekay Tankers overview
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.
Teekay Tankers in the news
Teekay Tankers (TNK) Just Overtook the 50-Day Moving Average
Zacks Investment Ideas feature highlights: Select Energy, OneSpaWorld and Teekay Tankers
These 3 Small-Caps Boast Steep Growth Trajectories
Frequently asked questionsWhat percentage of Teekay Tankers is owned by insiders or institutions?
Currently 14.853% of Teekay Tankers shares are held by insiders and 43.808% by institutions. How many people work for Teekay Tankers?
Latest data suggests 1,900 work at Teekay Tankers. When does the fiscal year end for Teekay Tankers?
Teekay Tankers's fiscal year ends in December. Where is Teekay Tankers based?
Teekay Tankers's address is: Belvedere Building, Hamilton, ON, Canada, HM 08 What is Teekay Tankers's ISIN number?
Teekay Tankers's international securities identification number is: MHY8565N3002 What is Teekay Tankers's CUSIP number?
Teekay Tankers's Committee on Uniform Securities Identification Procedures number is: Y8565N300
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