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How to buy Teekay Tankers stock

Own Teekay Tankers stock in just a few minutes.

Fact checked

Teekay Tankers Ltd 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 2,200 staff and has a trailing 12-month revenue of around USD$1.1 billion.

How to buy shares in Teekay Tankers

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Teekay Tankers. Find the stock by name or ticker symbol: TNK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Teekay Tankers reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Teekay Tankers, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Teekay Tankers. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Teekay Tankers share price

Use our graph to track the performance of TNK stocks over time.

Teekay Tankers shares at a glance

Information last updated 2021-01-20.
52-week rangeUSD$8.9 - USD$26.92
50-day moving average USD$11.6288
200-day moving average USD$12.052
Wall St. target priceUSD$16.57
PE ratio 1.7044
Dividend yield N/A (0%)
Earnings per share (TTM) USD$6.589

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

Is Teekay Tankers under- or over-valued?

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 2x. In other words, Teekay Tankers shares trade at around 2x 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 USD$422.1 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 USD$1.1 billion
Operating margin TTM 30.62%
Gross profit TTM USD$289.8 million
Return on assets TTM 10.03%
Return on equity TTM 21.53%
Profit margin 20.91%
Book value $34.178
Market capitalisation USD$378.5 million

TTM: trailing 12 months

Shorting Teekay Tankers shares

There are currently 1.4 million Teekay Tankers shares held short by investors – that's known as Teekay Tankers's "short interest". This figure is 28.6% down from 1.9 million last month.

There are a few different ways that this level of interest in shorting Teekay Tankers shares can be evaluated.

Teekay Tankers's "short interest ratio" (SIR)

Teekay Tankers's "short interest ratio" (SIR) is the quantity of Teekay Tankers shares currently shorted divided by the average quantity of Teekay Tankers shares traded daily (recently around 460711.14864865). Teekay Tankers's SIR currently stands at 2.96. In other words for every 100,000 Teekay Tankers shares traded daily on the market, roughly 2960 shares are currently held short.

However Teekay Tankers's short interest can also be evaluated against the total number of Teekay Tankers shares, or, against the total number of tradable Teekay Tankers shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Teekay Tankers's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Teekay Tankers shares in existence, roughly 40 shares are currently held short) or 0.0576% of the tradable shares (for every 100,000 tradable Teekay Tankers shares, roughly 58 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Teekay Tankers.

Find out more about how you can short Teekay Tankers stock.

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 25 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 $8.9 up to $26.92. 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 0.3346. 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. 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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