Teekay Tankers Ltd. with ticker code (TNK) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 61 and 40 and has a mean target at $50.78. Now with the previous closing price of $40.82 this is indicating there is a potential upside of 24.4%. The 50 day MA is $41.07 and the 200 day MA is $31.04. The total market capitalization for the company now stands at $1,371m. Visit the company website at: https://www.teekay.com/business/tankers
The potential market cap would be $1,705m based on the market consensus.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship 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; and consultancy, procurement, and equipment rental services, as well as manages terminals and vessels. As of December 31, 2022, the company owned and leased 44 double-hulled oil and product tankers, time-chartered in four Aframax/LR2 tankers, and one Suezmax tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 6.11, revenue per share of 31.27 and a 9.14% return on assets.
