Teekay Tankers Ltd. found using ticker (TNK) now have 7 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 22 and 11.6 calculating the mean target price we have 17.09. Now with the previous closing price of 12.63 this would imply there is a potential upside of 35.3%. The 50 day MA is 11.22 and the 200 day moving average is 12.66. The market capitalisation for the company is $464m. You can visit the company’s website by visiting: https://www.teekay.com/business/tankers
The potential market cap would be $628m based on the market concensus.
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, liquefied natural gas terminal management, consultancy, procurement, equipment rental, and other related services; and lightering support services, including, full-service lightering and other lightering support services. As of December 31, 2020, the company owned and leased 52 double-hull oil tankers, and 9 time chartered-in tankers. Its vessels are employed through long-term, fixed-rate time-charter contracts and spot tanker market. The company was founded in 2007 and is based in Hamilton, Canada.
