Currently, there are 29.70M common shares owned by the public and among those 23.65M shares have been available to trade.
The company’s stock has a 5-day price change of -3.88% and -21.33% over the past three months. TNK shares are trading 9.58% year to date (YTD), with the 12-month market performance down to -20.93% lower. It has a 12-month low price of $36.04 and touched a high of $74.20 over the same period. TNK has an average intraday trading volume of 421.06K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.13%, 4.77%, and -21.69% respectively.
Institutional ownership of Teekay Tankers Ltd (NYSE: TNK) shares accounts for 51.97% of the company’s 29.70M shares outstanding.
It has a market capitalization of $1.50B and a beta (3y monthly) value of -0.44. The stock’s trailing 12-month PE ratio is 3.58, while the earnings-per-share (ttm) stands at $12.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.17% over the week and 3.87% over the month.
Earnings per share for the fiscal year are expected to decrease by -26.50%, and -17.44% over the next financial year.
Looking at the support for the TNK, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on November 13, 2024, with the firm’s price target at $51-$46. BofA Securities was of a view on January 19, 2024 that the stock is Buy, while Jefferies gave the stock Buy rating on July 21, 2022, issuing a price target of $25. Jefferies on their part issued Buy rating on April 27, 2022.
