News Content
Teekay Tankers Upgraded to Neutral by Zacks (TNK)
Zacks upgraded shares of Teekay Tankers (NYSE:TNK) from an underperform rating to a neutral rating in a research report sent to investors, Analyst Ratings Network reports. The firm currently has $2.80 price target on the stock.
Zacks has also updated their ratings on a number of other energy stocks in the last week. The firm downgraded shares of Bonanza Creek Energy Inc. from an outperform rating to a neutral rating. Their analysts now have a $60.20 price target on that stock. Also, Zacks upgraded shares of Renewable Energy Group Inc. from a neutral rating to an outperform rating. Zacks now has a $14.00 price target on that stock. Finally, Zacks downgraded shares of Matador Resources Co. from an outperform rating to a neutral rating. Their analysts now have a $22.80 price target on that stock.
Teekay Tankers (NYSE:TNK) traded down 0.37% during mid-day trading on Tuesday, hitting $2.68. The stock had a trading volume of 256,840 shares. Teekay Tankers has a 52 week low of $2.38 and a 52 week high of $3.43. The stock’s 50-day moving average is $2.69 and its 200-day moving average is $2.71. The company’s market cap is $224.0 million.
Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $39.48 million for the quarter, compared to the consensus estimate of $39.62 million. Analysts expect that Teekay Tankers will post $-0.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TNK. Analysts at Credit Suisse raised their price target on shares of Teekay Tankers from $34.00 to $45.00 in a research note to investors on Monday. They now have a neutral rating on the stock. Separately, analysts at Deutsche Bank downgraded shares of Teekay Tankers from a buy rating to a hold rating in a research note to investors on Wednesday, October 30th. Finally, analysts at Jefferies Group downgraded shares of Teekay Tankers from a buy rating to a hold rating in a research note to investors on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $18.26.
Teekay Tankers Ltd. is an international provider of marine transportation to global oil industries. The Company’s business is to own crude oil and product tankers.
Source: Teekay Tankers Ltd
Zacks has also updated their ratings on a number of other energy stocks in the last week. The firm downgraded shares of Bonanza Creek Energy Inc. from an outperform rating to a neutral rating. Their analysts now have a $60.20 price target on that stock. Also, Zacks upgraded shares of Renewable Energy Group Inc. from a neutral rating to an outperform rating. Zacks now has a $14.00 price target on that stock. Finally, Zacks downgraded shares of Matador Resources Co. from an outperform rating to a neutral rating. Their analysts now have a $22.80 price target on that stock.
Teekay Tankers (NYSE:TNK) traded down 0.37% during mid-day trading on Tuesday, hitting $2.68. The stock had a trading volume of 256,840 shares. Teekay Tankers has a 52 week low of $2.38 and a 52 week high of $3.43. The stock’s 50-day moving average is $2.69 and its 200-day moving average is $2.71. The company’s market cap is $224.0 million.
Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $39.48 million for the quarter, compared to the consensus estimate of $39.62 million. Analysts expect that Teekay Tankers will post $-0.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TNK. Analysts at Credit Suisse raised their price target on shares of Teekay Tankers from $34.00 to $45.00 in a research note to investors on Monday. They now have a neutral rating on the stock. Separately, analysts at Deutsche Bank downgraded shares of Teekay Tankers from a buy rating to a hold rating in a research note to investors on Wednesday, October 30th. Finally, analysts at Jefferies Group downgraded shares of Teekay Tankers from a buy rating to a hold rating in a research note to investors on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $18.26.
Teekay Tankers Ltd. is an international provider of marine transportation to global oil industries. The Company’s business is to own crude oil and product tankers.
Source: Teekay Tankers Ltd
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
