Teekay Tankers Ltd (NYSE: TNK) is 12.04% higher on its value in year-to-date trading and has touched a low of $36.04 and a high of $74.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TNK stock was last observed hovering at around $47.31 in the last trading session, with the day’s loss setting it -2.73%.
Currently trading at $44.58, the stock is 8.25% and 6.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -5.77% at the moment leaves the stock -20.03% off its SMA200. TNK registered -17.76% loss for a year compared to 6-month loss of -29.60%. The firm has a 50-day simple moving average (SMA 50) of $41.6734 and a 200-day simple moving average (SMA200) of $56.0334.
The stock witnessed a 17.13% gain in the last 1 month and extending the period to 3 months gives it a -18.07%, and is 5.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.08% over the week and 3.77% over the month.
Teekay Tankers Ltd (TNK) has around 1590 employees, a market worth around $1.53B and $1.19B in sales. Current P/E ratio is 3.66 and Fwd P/E is 5.01. Profit margin for the company is 35.44%. Distance from 52-week low is 23.70% and -39.92% from its 52-week high. The company has generated returns on investments over the last 12 months (23.84%).
with sales reaching $157.71M over the same period.The EPS is expected to shrink by -26.50% this year, but quarterly earnings will post -18.56% year-over-year. Quarterly sales are estimated to shrink -18.90% in year-over-year returns.
The shares outstanding are 29.70M, and float is at 23.65M with Short Float at 2.05%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 2.06 million shares valued at $141.72 million. The investor’s holdings represent 6.0112 of the TNK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.51 million shares valued at $103.94 million to account for 4.4086 of the shares outstanding. The other top investors are FMR LLC which holds 1.36 million shares representing 3.9578 and valued at over $93.31 million, while FULLER & THALER ASSET MANAGEMENT, INC. holds 3.6205 of the shares totaling 1.24 million with a market value of $85.36 million.
Teekay Tankers Ltd (TNK) Insider Activity
Still, SEC filings show that on Nov 25 ’24, DU MOULIN RICHARD T (Director) Proposed Sale 1,966 shares at an average price of $41.63 for $81843.0. The insider now directly holds shares of Teekay Tankers Ltd (TNK).
