Teekay Tankers Ltd. found using ticker (TNK) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 24 and 13 with a mean TP of 18.13. Given that the stocks previous close was at 11.8 this indicates there is a potential upside of 53.6%. The 50 day moving average now sits at 11.83 and the 200 day MA is 12.99. The company has a market capitalisation of $399m. You can visit the company’s website by visiting: https://www.teekay.com/business/tankers
The potential market cap would be $614m 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.
