Ultime notizie per Teekay Tankers (NYSE:TNK) Azioni

Teekay Tankers

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.

Teekay Tankers Ltd

Tanke Inc

<p>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $57.25, a high estimate of $72.00, and a low estimate of $46.00. A decline of 9.13% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1731611078_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of Teekay Tankers among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$51.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$72.00</td>
<td>$72.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Teekay Tankers. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Teekay Tankers compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Teekay Tankers's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Teekay Tankers's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TNK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Teekay Tankers analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Delving into Teekay Tankers's Background</h2>
<p>Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.</p>
<h3>Teekay Tankers: A Financial Overview</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Teekay Tankers's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately <strong>-14.9%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>24.18%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Teekay Tankers's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>3.42%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>3.1%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.03</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Demystifying Teekay Tankers: Insights From 4 Analyst Reviews

<p>Jefferies  analyst Omar Nokta   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Buy and lowers the price target from $72 to $60.</p>


News

Price Target

Jefferies Maintains Buy on Teekay Tankers, Lowers Price Target to $60

<p>B of A Securities  analyst Ken Hoexter   downgrades Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) from Neutral to Underperform and lowers the price target from $51 to $46.</p>


Downgrades

B of A Securities Downgrades Teekay Tankers to Underperform, Lowers Price Target to $46

<p>B of A Securities  analyst Ken Hoexter   downgrades Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) from Buy to Neutral and lowers the price target from $57 to $51.</p>


B of A Securities Downgrades Teekay Tankers to Neutral, Lowers Price Target to $51

<p>Jefferies  analyst Omar Nokta   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Buy and maintains $72 price target.</p>


Jefferies Maintains Buy on Teekay Tankers, Maintains $72 Price Target

<p><em>New Share Repurchase Program</em></p>
<p>The Company&#39;s Board of Directors has authorized a new share repurchase program for the repurchase of up to $40 million of the Company&#39;s outstanding common shares. Under the program, repurchases can be made from time to time in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the U.S. Securities and Exchange Commission, in each case at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be subject to the discretion of the Company and upon market conditions and other factors. The Company intends to make all open market repurchases under the plan in accordance with Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended.</p>


Buybacks

Teekay Board Of Directors Has Authorized A New Share Repurchase Program For The Repurchase Of Up To $40M Of The Company's Outstanding Common Shares

<p><em>Special Dividend</em></p>
<p>The Company&#39;s Board of Directors declares a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024 to all Teekay shareholders of record on December 4, 2024.</p>


Dividends

Teekay Declares A One-Time Special Cash Dividend In The Amount Of $1.00 Per Outstanding Common Share

<p>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) reported quarterly earnings of $1.84 per share which missed the analyst consensus estimate of $2.12 by 13.21 percent. This is a 17.86 percent decrease over earnings of $2.24 per share from the same period last year.  The company reported quarterly sales of $243.28 million which beat the analyst consensus estimate of $208.26 million by 16.81 percent.  This is a 14.90 percent decrease over sales of $285.86 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

Teekay Tankers Q3 Adj $1.84 Misses $2.12 Estimate, Sales $243.28M Beat $208.26M Estimate

<p>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect Teekay Tankers to report an <strong>earnings per share</strong> (EPS) of $2.12.</p>
<p>The market awaits Teekay Tankers's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.04, which was followed by a 5.77% drop in the share price the next day.</p>
<p>Here's a look at Teekay Tankers's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>3.07</td>
<td>3.78</td>
<td>3.47</td>
<td>2.10</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>3.11</td>
<td>3.86</td>
<td>2.91</td>
<td>2.24</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-6.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730228493_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Teekay Tankers were trading at $49.45 as of October 28. Over the last 52-week period, shares are down 4.71%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<h3>Analyst Insights on Teekay Tankers</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Teekay Tankers.</p>
<p>The consensus rating for Teekay Tankers is Buy, based on 2 analyst ratings. With an average one-year price target of $72.5, there's a potential 46.61% upside.</p>
<h3>Understanding Analyst Ratings Among Peers</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of DHT Holdings, Genesis Energy and Global Partners, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>DHT Holdings is maintaining an Buy status according to analysts, with an average 1-year price target of $13.5, indicating a potential 72.7% downside.</li>
<li>For Genesis Energy, analysts project an Outperform trajectory, with an average 1-year price target of $16.0, indicating a potential 67.64% downside.</li>
<li>Global Partners is maintaining an Buy status according to analysts, with an average 1-year price target of $51.0, indicating a potential 3.13% upside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
<p>The peer analysis summary outlines pivotal metrics for DHT Holdings, Genesis Energy and Global Partners, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Teekay Tankers</td>
<td>Buy</td>
<td>-19.98%</td>
<td>$116.09M</td>
<td>6.37%</td>
</tr>
<tr>
<td>DHT Holdings</td>
<td>Buy</td>
<td>-1.18%</td>
<td>$56.60M</td>
<td>4.27%</td>
</tr>
<tr>
<td>Genesis Energy</td>
<td>Outperform</td>
<td>-6.02%</td>
<td>$77.27M</td>
<td>-2.39%</td>
</tr>
<tr>
<td>Global Partners</td>
<td>Buy</td>
<td>15.08%</td>
<td>$287.88M</td>
<td>5.12%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Teekay Tankers ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the top.</p>
<h3>All You Need to Know About Teekay Tankers</h3>
<p>Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.</p>
<h3>Teekay Tankers's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Teekay Tankers's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately <strong>-19.98%</strong>. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> Teekay Tankers's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>36.07%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Teekay Tankers's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>6.37%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>5.74%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Teekay Tankers's debt-to-equity ratio is below the industry average at <strong>0.04</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<p><a href="https://www.benzinga.com/quote/TNK/earnings"><strong>To track all earnings releases for Teekay Tankers visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview For Teekay Tankers

<p>B of A Securities  analyst Ken Hoexter   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Buy and lowers the price target from $77 to $69.</p>


B of A Securities Maintains Buy on Teekay Tankers, Lowers Price Target to $69

WIIM

ACDC

AESI

ARCH

BANL

BORR

CEIX

CHRD

CLMT

CRGY

CTRA

DINO

FANG

GLNG

GPRK

LBRT

LTBR

MTDR

PTEN

SDRL

TALO

TRGP

VIST

VNOM

WFRD

WTTR

Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

<p>In the latest quarter, 4 analysts provided ratings for Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $79.0, a high estimate of $85.00, and a low estimate of $76.00. This upward trend is evident, with the current average reflecting a 6.76% increase from the previous average price target of $74.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722546070_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The standing of Teekay Tankers among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$76.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$79.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$76.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Teekay Tankers. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Teekay Tankers compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Teekay Tankers's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>To gain a panoramic view of Teekay Tankers's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TNK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Teekay Tankers analyst ratings.</strong></a></p>
<h2>Delving into Teekay Tankers's Background</h2>
<p>Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.</p>
<h3>A Deep Dive into Teekay Tankers's Financials</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Challenges:</strong> Teekay Tankers's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately <strong>-14.27%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> Teekay Tankers's net margin is impressive, surpassing industry averages. With a net margin of <strong>42.79%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Teekay Tankers's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>9.07%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Teekay Tankers's ROA excels beyond industry benchmarks, reaching <strong>7.79%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Teekay Tankers's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.04</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Unveiling 4 Analyst Insights On Teekay Tankers

Teekay Tankers shares are trading lower. The company reported Q2 financial results.

<p>Jefferies  analyst Omar Nokta   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Buy and maintains $76 price target.</p>


Jefferies Maintains Buy on Teekay Tankers, Maintains $76 Price Target

<p>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) reported quarterly earnings of $3.11 per share which beat the analyst consensus estimate of $3.04 by 2.3 percent. This is a 29 percent decrease over earnings of $4.38 per share from the same period last year.  The company reported quarterly sales of $296.590 million which beat the analyst consensus estimate of $209.579 million by 41.52 percent.  This is a 19.98 percent decrease over sales of $370.646 million the same period last year.</p>


Teekay Tankers Q2 2024 Adj. EPS $3.11 Beats $3.04 Estimate, Sales $296.590M Beat $209.579M Estimate

<p>Evercore ISI Group  analyst Jonathan Chappell   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Outperform and raises the price target from $84 to $85.</p>


Evercore ISI Group Maintains Outperform on Teekay Tankers, Raises Price Target to $85

<p>As of May 22, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>NextDecade Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>)</strong></h3>
<ul>
<li>On May 20, Abu Dhabi Oil &amp; Gas giant ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project. Matt Schatzman, NextDecade's Chairman and Chief Executive Officer, said, "We are excited to begin a multi-decade partnership with ADNOC, a major player in the global LNG market, and we look forward to having them as both a commercial offtaker and an equity partner in Rio Grande LNG. LNG from our facility will allow ADNOC to further increase its presence in the global LNG market, while also supplying global customers with more affordable and less carbon-intensive LNG." The company's stock gained around 28% over the past month and has a <a href="https://www.benzinga.com/quote/NEXT">52-week high of $8.74</a>.</li>
<li><strong>RSI Value:</strong> 77.76&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NEXT Price Action:</strong> Shares of NextDecade fell 1% to close at $7.93 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Targa Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>)</strong></h3>
<ul>
<li>On May 2, Targa Resources posted better-than-expected first-quarter sales. The company's stock gained around 4% over the past five days and <a href="https://www.benzinga.com/quote/TRGP">has a 52-week high</a> of $119.68.</li>
<li><strong>RSI Value:</strong> 71.51</li>
<li><strong>TRGP Price Action:</strong> Shares of Targa Resources rose 0.6% to close at $118.20 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Teekay Tankers Ltd. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>)</h3>
<ul>
<li>On May 9, Teekay Tankers posted stronger-than-expected quarterly results. The company's stock gained around 28% over the past month and has a <a href="https://www.benzinga.com/quote/TNK">52-week high</a> of $72.76.</li>
<li><strong>RSI Value:</strong> 76.10</li>
<li><strong>TNK Price Action:</strong> Shares of Teekay Tankers gained 1.7% to close at $71.83 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Nordic American Tankers Limited </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>)</h3>
<ul>
<li>On Feb. 29, Nordic American Tankers posted weak quarterly results. The company's stock jumped around 15% over the past month and has a 52-week high is $4.83.</li>
<li><strong>RSI Value:</strong> 73.32</li>
<li><strong>NAT Price Action:</strong> Shares of Nordic American Tankers rose 0.9% to close at $4.34 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>ProPetro Holding Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>)</h3>
<ul>
<li>On May 1, ProPetro Holding posted upbeat quarterly earnings. Sam Sledge, Chief Executive Officer, commented, &#8220;We are excited to start off 2024 with strong financial results and positive momentum. Our results reflect a strategy that is working.&#8221; The company's stock jumped around 17% over the past month and <a href="https://www.benzinga.com/quote/PUMP">has a 52-week high</a> of $11.37.</li>
<li><strong>RSI Value:</strong> 71.11</li>
<li><strong>PUMP Price Action:</strong> Shares of ProPetro Holding rose 2.6% to close at $9.90 on Tuesday.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38956361/target-nvidia-and-3-stocks-to-watch-heading-into-wednesday">Target, Nvidia And 3 Stocks To Watch Heading Into Wednesday</a></p>


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<p>Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) in the last three months.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Teekay Tankers and provided 12-month price targets. The average target is $74.5, accompanied by a high estimate of $79.00 and a low estimate of $70.00. This upward trend is evident, with the current average reflecting a 4.93% increase from the previous average price target of $71.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715346009_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The perception of Teekay Tankers by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$79.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$76.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$73.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Teekay Tankers. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Teekay Tankers compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Teekay Tankers's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Teekay Tankers's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TNK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Teekay Tankers analyst ratings.</strong></a></p>
<h2>Get to Know Teekay Tankers Better</h2>
<p>Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.</p>
<h3>Unraveling the Financial Story of Teekay Tankers</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Teekay Tankers's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately <strong>-14.71%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> Teekay Tankers's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>35.65%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Teekay Tankers's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>7.58%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Teekay Tankers's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>6.13%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Teekay Tankers's debt-to-equity ratio is below the industry average. With a ratio of <b>0.14</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


4 Analysts Assess Teekay Tankers: What You Need To Know

<p>B of A Securities  analyst Ken Hoexter   maintains Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) with a Buy and raises the price target from $66 to $79.</p>


B of A Securities Maintains Buy on Teekay Tankers, Raises Price Target to $79

Shares of companies in the Oil and Gas sector are trading higher amid a rise in the price of crude. Also, strength may be attributed to a year-over-year increase in China's April crude oil imports data.

BofA downgraded Teekay Tankers (TNK) to Neutral from Buy with a price target of $51, down from $57, after the company posted adjusted Q3 EPS of $1....

Teekay Tankers downgraded to Neutral at BofA after Q3 miss

BofA downgraded Teekay Tankers (TNK) to Neutral from Buy. Published first on TheFly – the ultimate source for real-time, market-moving breaking fin...

Teekay Tankers downgraded to Neutral from Buy at BofA

Shares of Teekay Tankers (TNK) are trading lower near noon after Bank of America downgraded the stock to Neutral following the company's third quar...

Teekay Tankers slips after BofA downgrade following earnings miss

Teekay Tankers downgraded at BofA as rates under seasonal pressure

Teekay Tankers (TNK) has released an update. Teekay Tankers Ltd. reported a decline in total revenues for the third quarter of 2024, with figures d...

Teekay Tankers Reports Revenue Decline, Steady Profits

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Teekay: Discounted Bet On The Medium-Size Crude Tanker Markets - Buy (Rating Upgrade)

Teekay Tankers cut to Sell equivalent at BofA with eye on weaker shipping rates

Jefferies lowered the firm's price target on Teekay Tankers (TNK) to $60 from $72 and keeps a Buy rating on the shares. Tanker stocks gave up their...

Teekay Tankers price target lowered to $60 from $72 at Jefferies

HAFN

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RPRX

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TRMD

Press Releases

Teekay Tankers Ltd. Reports First Quarter 2024 Results and Declares Dividends

Teekay Corporation Reports First Quarter 2024 Results

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Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend

Teekay Corporation Reports Second Quarter 2024 Results

Management

Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes

Teekay Corporation Announces Update on $25 Million Share Repurchase Program and Announces New Share Repurchase Program

Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024

Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program

Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend

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