How to buy Teekay Tankers stock | $15.21

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 2,100 staff and has a trailing 12-month revenue of around 0.00.

Teekay Tankers stock price (NYSE: TNK)

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

Teekay Tankers shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$15.21
52-week range	$8.90 - $16.30
50-day moving average	$13.67
200-day moving average	$13.52
Wall St. target price	$19.75
PE ratio	N/A
Dividend yield	$0.03 (0.24%)
Earnings per share (TTM)	$-1.23

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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.

Technical Analysis of Teekay Tankers Ltd by TradingView

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

Historical closes compared with the close of $15.21 from 2021-05-26

1 week (2021-07-21)	N/A
1 month (2021-07-01)	12.75%
3 months (2021-04-30)	13.42%
6 months (2021-01-28)	N/A

1 year (2020-07-28)	N/A
2 years (2019-07-28)	N/A
3 years (2018-07-28)	N/A
5 years (2016-07-28)	N/A

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 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 $164.5 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	$687.3 million
Operating margin TTM	11.36%
Gross profit TTM	$368.6 million
Return on assets TTM	2.43%
Return on equity TTM	-3.79%
Profit margin	-5.95%
Book value	$31.34
Market capitalisation	$427 million

TTM: trailing 12 months

Shorting Teekay Tankers shares

There are currently 1.1 million Teekay Tankers shares held short by investors – that's known as Teekay Tankers's "short interest". This figure is 20.5% up from 903,514 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 598039.56043956). Teekay Tankers's SIR currently stands at 1.82. In other words for every 100,000 Teekay Tankers shares traded daily on the market, roughly 1820 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 0.03% of the outstanding shares (for every 100,000 Teekay Tankers shares in existence, roughly 30 shares are currently held short) or 0.0452% of the tradable shares (for every 100,000 tradable Teekay Tankers shares, roughly 45 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 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 $8.9 up to $16.3. 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 0.2405. 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, 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.

Frequently asked questions

What percentage of Teekay Tankers is owned by insiders or institutions?
Currently 17.292% of Teekay Tankers shares are held by insiders and 31.21% by institutions. How many people work for Teekay Tankers?
Latest data suggests 2,100 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: Y8565N102