Teekay Tankers Ltd. with ticker code (TNK) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 24 and 12 calculating the average target price we see 17.99. Given that the stocks previous close was at 10.52 this would imply there is a potential upside of 71.0%. The day 50 moving average is 11.29 and the 200 moving average now moves to 12.88. The company has a market capitalisation of $360m. Company Website: https://www.teekay.com/business/tankers
The potential market cap would be $616m 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.
