Teekay Tankers Ltd [NYSE: TNK] price surged by 3.99 percent to reach at $1.53.
The one-year TNK stock forecast points to a potential upside of 25.07. The average equity rating for TNK stock is currently 1.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $53.17 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 1.95, with the Price to Sales ratio for TNK stock in the period of the last 12 months amounting to 1.21. 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 15.65. Price to Free Cash Flow for TNK in the course of the last twelve months was 3.45 with Quick ratio for the last quarter at 5.32.
TNK Stock Performance Analysis:
Teekay Tankers Ltd [TNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.38. With this latest performance, TNK shares gained by 0.81% in over the last four-week period, additionally sinking by -26.78% over the last 6 months – not to mention a drop of -28.58% 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 55.63, with the RSI for the last a single of trading hit 59.13, and the three-weeks RSI is set at 53.36 for Teekay Tankers Ltd [TNK]. The present Moving Average for the last 50 days of trading for this stock 38.72, while it was recorded at 38.67 for the last single week of trading, and 47.91 for the last 200 days.
Insight into Teekay Tankers Ltd Fundamentals:
Teekay Tankers Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.32 and a Current Ratio set at 5.66.
TNK Stock EPS
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 1.32%.
Teekay Tankers Ltd [TNK] Institutonal Ownership Details
There are presently around $61.31%, or 76.85%% of TNK stock, in the hands of institutional investors. 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 3.9437%.
