Zacks Investment Research downgraded Teekay Tankers Ltd. (NYSE:TNK) to Strong Sell in a report released today.
- Updated: October 8, 2016
Boasting a price of $2.58, Teekay Tankers Ltd. (NYSE:TNK) traded -1.79% lower on the day. With the last close down -13.80% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Teekay Tankers Ltd. has recorded a 50-day average of $2.62 and a two hundred day average of $3.19. Volume of trade was down over the average, with 1,124,157 shares of TNK changing hands under the typical 1,404,010
Zacks Investment Research has downgraded Teekay Tankers Ltd. (NYSE:TNK) to Strong Sell in a statement released on Thursday October 06, 2016.
Recent Performance Chart
Teekay Tankers Ltd. has 52 week low of $2.42 and a 52 week high of $8.53 with a PE ratio of 2.70 and has a market capitalization of $0.
A total of 13 firms have released a report on Teekay Tankers Ltd.. 0 brokerages rating the stock a strong buy, 0 firms rating the stock a buy, 0 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $6.43.
More 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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