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Zacks Investment Research upgraded Teekay Tankers Ltd. (NYSE:TNK) to Hold in a report released today.

Just yesterday Teekay Tankers Ltd. (NYSE:TNK) traded 9.72% higher at $1.71. Teekay Tankers Ltd.’s 50-day moving average is $1.52 and its 200-day moving average is $1.85. The last closing price is down -14.73% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 3,926,609 shares of TNK traded hands, up from an average trading volume of 1,360,160

Zacks Investment Research has upgraded Teekay Tankers Ltd. (NYSE:TNK) to Hold in a report released on Wednesday June 21, 2017.

Recent Performance Chart

Teekay Tankers Ltd. (NYSE:TNK)

Teekay Tankers Ltd. has 52 week low of $1.37 and a 52 week high of $2.85 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $6.43 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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