Teekay Tankers Ltd (NYSE:TNK) shares traded 6.25% up during most recent session to reach at the closing price of $1.7. The stock exchanged hands 10.74 Million shares versus average trading capacity of 968.25 Million shares, yielding a market cap of $289.43 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.11 within the next 52-weeks. The mean target projections are based on 11 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Teekay Tankers Ltd (NYSE:TNK) high price target of $3.5 and with a conservative view have low price target of $1.3.
Bank of America “Maintained” Teekay Tankers Ltd (NYSE:TNK) in a research note issued to investors on 11/10/17 to Underperform with price target of $1.3.
Additionally on 10/03/16 Barclays “Maintained” Teekay Tankers Ltd (NYSE:TNK) to Overweight setting price target at $6 and on 10/03/16 Clarksons Platou “Downgrades” the stock to Neutral at $3. Furthermore on 8/08/16 Danske Bank “Downgrades” the stock to Sell.
On the other hand the company has Relative Strength Index (RSI 14) of 67.97 along with Average True Range (ATR 14) of 0.08, Consequently Teekay Tankers Ltd (NYSE:TNK)’s weekly and monthly volatility is 6.54%, 4.89% respectively. The company’s beta value is at 2.28.
In terms of Buy, Sell or Hold recommendations, Teekay Tankers Ltd (NYSE:TNK) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Teekay Tankers Ltd (NYSE:TNK)’s minimum EPS for the current quarter is at $-0.05 and can go high up to $0.05. The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.03 earnings per share for the same quarter during last year.
Previously Teekay Tankers Ltd (NYSE:TNK) reported $-0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.11 by $0.03. The company posted an earnings surprise of 27.3%.
While considering growth estimates of the company, it has next quarter growth estimates of 50% whereas during current quarter it has -200% estimations over growth, comparing to the estimations of -121.2% during current year and 227.3% for next year. Past 5 years growth of Teekay Tankers Ltd (NYSE:TNK) observed at -29.69%, looking forward for the next 5 years it has a strong prediction of -5.56% over growth.
Teekay Tankers Ltd (NYSE:TNK)’s revenue estimates for the current quarter are $98.44 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $117.41 Million in contradiction of low revenue estimates of $81.9 Million. For the current year the company’s revenue estimates are $394.4 Million compared to low analyst estimates of $354 Million and high estimates of $432.18 Million according to 6 number of analysts.
Currently Teekay Tankers Ltd (NYSE:TNK)’s shares owned by insiders are 31.9%, whereas shares owned by institutional owners are 41.7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -5.95%.
Teekay Tankers Ltd (NYSE:TNK) 52-week high price stands at $2.78 and low price stands at $1.37, its price distance from 52-week high is -38.85% while its distance from 52-week low price is 24.09%. The stock hit its 52-week high on 12/12/16, and 52-week low on 09/11/17.
Teekay Tankers Ltd (NYSE:TNK)’s trailing twelve month revenues are $461.6 Million, whereas its price to sales ratio for the same period is 0.63. Its book value per share for the most recent quarter is $5.24 while its price to book ratio for the same period is 0.32, as for as the company’s cash per share for the most recent quarter is $0.51, however its price to cash per share ratio for the same period is 3.32. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.