Media coverage about Teekay Tankers (NYSE:TNK) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Tankers earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.9829984378818 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Teekay Tankers Ltd (TNK) Facts and Figures – ExpertGazette (expertgazette.com)
- Week 49: All Crude Tanker Stocks Fell More than 6% (finance.yahoo.com)
- Teekay Tankers Ltd (TNK) A Look at Technical Overview – AppsforPCdaily (appsforpcdaily.com)
- Teekay Tankers Ltd (TNK) Facts and Figures – AppsforPCdaily (appsforpcdaily.com)
- Share Performance and Target Price Review Teekay Tankers Ltd (TNK) – ExpertGazette (expertgazette.com)
Shares of Teekay Tankers (NYSE TNK) traded up $0.02 during trading on Wednesday, reaching $1.51. The company’s stock had a trading volume of 1,219,200 shares, compared to its average volume of 1,338,513. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.73. Teekay Tankers has a 12-month low of $1.37 and a 12-month high of $2.70.
Teekay Tankers (NYSE:TNK) last released its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $91.20 million for the quarter, compared to analyst estimates of $68.67 million. Teekay Tankers had a negative return on equity of 0.99% and a negative net margin of 11.43%. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. research analysts predict that Teekay Tankers will post -0.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Monday, November 20th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend was Friday, November 17th. Teekay Tankers’s dividend payout ratio is presently -42.86%.
Several analysts recently weighed in on TNK shares. Zacks Investment Research raised Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Bank of America dropped their target price on Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating for the company in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of $1.60.
Teekay Tankers Company Profile
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.com's FREE daily email newsletter.