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

Yesterday Teekay Tankers Ltd. (NYSE:TNK) traded 0.00% even at $2.47. The company’s 50-day moving average is $2.73 and its 200-day moving average is $3.31. The last stock close price is down -25.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 213,917 shares of the stock were exchanged, down from an average trading volume of 1,557,300

Zacks Investment Research has upgraded Teekay Tankers Ltd. (NYSE:TNK) to Hold in a report released on Wednesday September 21, 2016.

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Teekay Tankers Ltd. (NYSE:TNK)

Teekay Tankers Ltd. has a 52 week low of $2.47 and a 52 week high of $8.53 with a P/E ratio of 2.42 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 13 equity analysts have released a ratings update on TNK. The one year target is $6.43 with zero equity analysts rating the company a strong buy, zero 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.

General Information 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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