Teekay Tankers Ltd [NYSE: TNK] surged by $0.66 during the normal trading session on while it closed the day at $39.75.
Teekay Tankers Ltd stock has also gained 5.05% of its value over the past 7 days. However, TNK stock has declined by -29.41% in the 3 months of the year. Over the past six months meanwhile, it has lost -44.03% and lost -18.17% year-on date.
The market cap for TNK stock reached $1.37 billion, with 29.70 million shares outstanding and 23.65 million shares in the current float. Compared to the average trading volume of 372.31K shares, TNK reached a trading volume of 291624 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Teekay Tankers Ltd [TNK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TNK shares is $60.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TNK stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Teekay Tankers Ltd shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 13, 2024. The new note on the price target was released on November 01, 2024, representing the official price target for Teekay Tankers Ltd stock. Previously, the target price had yet another raise from $56 to $72, while BofA Securities kept a Buy rating on TNK stock.
The Average True Range (ATR) for Teekay Tankers Ltd is set at 1.40, with the Price to Sales ratio for TNK stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 13.49. Price to Free Cash Flow for TNK in the course of the last twelve months was 3.12 with Quick ratio for the last quarter at 6.35.
TNK stock trade performance evaluation
Teekay Tankers Ltd [TNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.05. With this latest performance, TNK shares dropped by -4.74% in over the last four-week period, additionally sinking by -44.03% over the last 6 months – not to mention a drop of -24.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TNK stock in for the last two-week period is set at 45.42, with the RSI for the last a single of trading hit 54.96, and the three-weeks RSI is set at 40.19 for Teekay Tankers Ltd [TNK]. The present Moving Average for the last 50 days of trading for this stock 44.17, while it was recorded at 38.34 for the last single week of trading, and 57.02 for the last 200 days.
Teekay Tankers Ltd [TNK]: An insightful look at the core fundamentals
Teekay Tankers Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.35 and a Current Ratio set at 6.80.
Earnings per share (EPS) analysis for Teekay Tankers Ltd [TNK] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TNK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Teekay Tankers Ltd go to -14.90%.
Teekay Tankers Ltd [TNK]: Institutional Ownership
The top three institutional holders of TNK stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 2.06 million shares, which is approximately 6.0112%. BLACKROCK INC., holding 1.51 million shares of the stock with an approximate value of $$103.94 million in TNK stocks shares; and BLACKROCK INC., currently with $$93.31 million in TNK stock with ownership which is approximately 3.9578%.
