Zacks Investment Research downgraded Teekay Tankers Ltd. (NYSE:TNK) to Strong Sell in a statement released earlier today.
- Updated: October 1, 2016
Zacks Investment Research has downgraded Teekay Tankers Ltd. (NYSE:TNK) to Strong Sell in a statement released on 9/29/2016.
Having a price of $2.52, Teekay Tankers Ltd. (NYSE:TNK) traded 1.20% higher on the day. With the last close down -21.92% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TNK has recorded a 50-day average of $2.64 and a two hundred day average of $3.24. Trade Volume was down over the average, with 1,185,404 shares of TNK changing hands under the typical 1,445,100
Recent Performance Chart
Teekay Tankers Ltd. has PE ratio of 2.48 with a one year low of $2.42 and a one year high of $8.53 and has a market capitalization of $0.
A total of 13 analysts have released a report on Teekay Tankers Ltd.. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $6.43.
General Company Details For 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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