Vetr Inc. disclosed Teekay Tankers Ltd. (NYSE:TNK), boosting its price target to $3.05 earlier today
- Updated: October 8, 2016
Yesterday Teekay Tankers Ltd. (NYSE:TNK) traded -1.79% lower at $2.68. The company’s 50-day moving average is $2.62 and its 200-day moving average is $3.19. With the last stock price close down -13.80% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,124,157 shares of TNK changing hands under the typical 1,404,010
Reporting a potential upside of 0.14%, Vetr Inc. raised the target price of Teekay Tankers Ltd. (NYSE:TNK) to $3.05
Recent Performance Chart
Teekay Tankers Ltd. has price-earnings ratio of 2.70 with a one year low of $2.42 and a one year high of $8.53 and has a total market value of $0.
A total of 13 analysts have released a research note on TNK. 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $6.43.
About Teekay Tankers Ltd. (NYSE:TNK)
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. Its ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company's conventional tanker segment as part of full service lightering operations and other related services. Its operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services. Its fleet consists of approximately 60 conventional vessels (including over 10 in-chartered vessels and an approximately 50%-owned very large crude carrier (VLCC)) and approximately six ship-to-ship (STS) support vessels.
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