Teekay Tankers (NYSE:TNK - Get Free Report) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.69 per share and revenue of $145.90 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.
Teekay Tankers (NYSE:TNK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Teekay Tankers had a return on equity of 24.27% and a net margin of 35.44%. On average, analysts expect Teekay Tankers to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of TNK stock opened at $40.74 on Thursday. Teekay Tankers has a 12 month low of $36.04 and a 12 month high of $74.20. The business's 50 day moving average is $41.15 and its two-hundred day moving average is $47.90. The company has a market cap of $1.40 billion, a PE ratio of 3.34 and a beta of -0.43.
Several equities analysts have commented on TNK shares. Bank of America reiterated an "underperform" rating and set a $46.00 price target (down previously from $51.00) on shares of Teekay Tankers in a report on Wednesday, November 13th. Jefferies Financial Group lowered their price objective on shares of Teekay Tankers from $72.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Teekay Tankers currently has an average rating of "Moderate Buy" and a consensus price target of $63.67.
View Our Latest Research Report on TNK
Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
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