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How to buy Teekay Tankers stock

Own Teekay Tankers stock in just a few minutes.

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.

How to buy shares in Teekay Tankers

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – TNK – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking 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 2021-03-10.
52-week range$8.90 - $26.92
50-day moving average $12.14
200-day moving average $11.54
Wall St. target price$18.57
PE ratio 5.5136
Dividend yield $0.03 (0.23%)
Earnings per share (TTM) $2.57

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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 6x. In other words, Teekay Tankers shares trade at around 6x 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 $329.6 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 $886.4 million
Operating margin TTM 23.96%
Gross profit TTM $368.6 million
Return on assets TTM 6.52%
Return on equity TTM 8.44%
Profit margin 9.85%
Book value $31.98
Market capitalisation $477.5 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 0.9% up from 1.4 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 666627.66990291). Teekay Tankers's SIR currently stands at 2.06. In other words for every 100,000 Teekay Tankers shares traded daily on the market, roughly 2060 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 0.058% 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 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 $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 0.1918. 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.

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