Teekay Tankers Ltd (TNK) How Do the Technical Vary?

Marco Green
January 14, 2018

Teekay Tankers Ltd (NYSE:TNK) has a Return on Assets (ROA) of -2.7.

Analysts are expecting average earnings estimates of $-0.04 for the current quarter based on the opinion of 10 analysts, relating to high earnings per share estimates of $0.06 and low estimates of $-0.1, however Teekay Tankers Ltd (NYSE:TNK) reported $0.03 earnings per share for the same quarter previous year. The company's market cap is $364.52 Million. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.67 and a quick ratio of 0.67. About 21.25M shares traded or 42.59% up from the average. It has underperformed by 17.10% the S&P500.

Geode Capital Management Llc decreased Teekay Tankers Ltd (TNK) stake by 41.2% reported in 2017Q3 SEC filing. Systematic Financial Management LP now owns 920,760 shares of the shipping company's stock valued at $1,731,000 after acquiring an additional 176,965 shares during the last quarter. However the company's price to cash per share for most recent quarter stands at 0.22.

Teekay Tankers Ltd. (TNK) has a Return on Assets of -2.7 percent, Return on Investment of 4.6 percent and a Return on Equity of -5.4 percent.

Teekay Tankers Ltd (NYSE:TNK) shares traded 2.27% up during most recent session to reach at the closing price of $1.35. The latest exchange of 1.26 Million shares is below its average trading activity of 1.7 Million shares.

Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. It has underperformed by 62.64% the S&P500. It turned negative, as 67 investors sold NuVasive, Inc. shares while 69 reduced holdings.

Among 22 analysts covering Nuvasive Inc. They study the diverse factor and after that study issue different rating to concerning stock whether it is time to sell or buy or even hold the stock. Therefore 70% are positive. Macy's Inc. had 100 analyst reports since July 24, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with "Buy" rating in Monday, September 11 report. The company was maintained on Friday, September 1 by RBC Capital Markets. (NASDAQ:NUVA) on Tuesday, July 18 with "Buy" rating. The stock of Intuitive Surgical, Inc. The firm has "Underweight" rating by JP Morgan given on Tuesday, January 12. Robert W. Baird maintained NuVasive, Inc. The rating was maintained by Jefferies on Friday, July 28 with "Buy". The rating was downgraded by Northcoast on Thursday, May 12 to "Neutral". The rating was upgraded by Deutsche Bank on Friday, November 6 to "Buy". It also reduced Cme Group Inc (NASDAQ:CME) stake by 19,830 shares and now owns 265,203 shares. It also reduced its holding in Spdr S&P 500 (SPY) by 1,365 shares in the quarter, leaving it with 5,345 shares, and cut its stake in Sector Spdr Health Fund (XLV).

In terms of Buy, Sell or Hold recommendations, Teekay Tankers Ltd (NYSE:TNK) has analysts' mean recommendation of 2.8. Therefore 44% are positive. The firm now has a buy rating on the shipping company's stock. The firm earned "Hold" rating on Tuesday, September 22 by Zacks. Bank of America maintained the shares of TNK in report on Friday, November 10 with "Underperform" rating. The rating was initiated by Credit Agricole with "Outperform" on Tuesday, December 8. The rating was downgraded by Bank of America to "Underperform" on Friday, May 20. The company was upgraded on Thursday, April 7 by JP Morgan. The firm earned "Buy" rating on Thursday, January 4 by Seaport Global. The rating was maintained by UBS with "Buy" on Thursday, October 22.

Teekay Tankers Ltd.'s insider ownership stands at 31.9 percent, while its insider transaction is 0 percent. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in NuVasive, Inc. Its down 0.24, from 1.2 in 2017Q2.

Several institutional investors have recently modified their holdings of TNK. Moreover, Frontier Inv Mngmt has 0.01% invested in Teekay Tankers Ltd. (NYSE:TNK) for 39,308 shares. The stock of Teekay Tankers Ltd. (NYSE:TNK) has "Buy" rating given on Friday, September 4 by UBS. Ameritas Investment Prns stated it has 9,079 shares.

Denali Advsr Ltd Liability Com accumulated 1,540 shares.

The stock is trading -50% away from its 52 week high of $2.70 and 3.85% far from the stock's low point over the past 52 weeks, which was $1.30. Macquarie Gp invested in 535,020 shares. 19,638 are held by Principal Grp Inc Inc. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/10/susquehanna-international-group-llp-acquires-309723-shares-of-teekay-tankers-ltd-tnk.html.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Teekay Tankers Ltd (NYSE:TNK) has a current PEG of 0. Net profit margin of the company was recorded at -11 percent, operating profit margin was 0.9 percent, while gross profit margin stands at 33.8 percent.

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