In yesterday’s Wall Street session, Teekay Tankers Ltd (NYSE:TNK) shares traded at $42.11, down -1.31% from the previous session.
TNK stock price is now 0.62% away from the 50-day moving average and -24.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
With the price target reduced from $51 to $46, BofA Securities Downgraded its rating from Neutral to Underperform for Teekay Tankers Ltd (NYSE: TNK). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, DAVID ALFRED SCHELLENBERG, Director bought 6,000 shares of the company’s stock on Dec 23 ’24. The stock was bought for $232,201 at an average price of $38.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Director Chu Sai bought 4,380 shares of the business’s stock. A total of $142,153 was incurred on buying the stock at an average price of $32.46. A total of 31.04% of the company’s stock is owned by insiders.
During the past 12 months, Teekay Tankers Ltd has had a low of $36.04 and a high of $74.20. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 6.80, and a quick ratio of 6.35. The fifty day moving average price for TNK is $41.8488 and a two-hundred day moving average price translates $56.3294 for the stock.
The latest earnings results from Teekay Tankers Ltd (NYSE: TNK) was released for 2024-09-30. The net profit margin was 35.44% and return on equity was 29.22% for TNK. The company reported revenue of $243.28 million for the quarter, compared to $285.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.9 percent. For the current quarter, analysts expect TNK to generate $164.78M in revenue.
