It’s been a crucial week for Teekay Tankers Ltd. (NYSE:TNK); here’s what analysts have to say.

April 17, 2018 - By Henry Gaston

Teekay Tankers Ltd. (NYSE:TNK) LogoInvestors sentiment increased to 1.56 in Q4 2017. Its up 0.60, from 0.96 in 2017Q3. It is positive, as 17 investors sold Teekay Tankers Ltd. shares while 22 reduced holdings. 29 funds opened positions while 32 raised stakes. 84.25 million shares or 66.87% more from 50.49 million shares in 2017Q3 were reported.
Wells Fargo & Mn has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). First Quadrant L P Ca has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Group One Trading Limited Partnership accumulated 10,269 shares. Moreover, Loews Corporation has 0% invested in Teekay Tankers Ltd. (NYSE:TNK). Bluemountain Mngmt Ltd Liability Corp accumulated 17.49 million shares. Pinnacle Limited Liability Company reported 10,000 shares. Stratos Wealth Partners, a Ohio-based fund reported 11,048 shares. Invesco Ltd reported 458,647 shares. Proshare Ltd Co has 0% invested in Teekay Tankers Ltd. (NYSE:TNK). Tower Research Cap Lc (Trc) stated it has 1,846 shares or 0% of all its holdings. Cna Corp owns 0.14% invested in Teekay Tankers Ltd. (NYSE:TNK) for 418,650 shares. Parametric Portfolio Assocs Ltd Liability Corp invested in 0% or 179,315 shares. Citadel Limited Co accumulated 0% or 22,735 shares. Moreover, State Common Retirement Fund has 0% invested in Teekay Tankers Ltd. (NYSE:TNK). Lpl Ltd Limited Liability Company holds 12,825 shares or 0% of its portfolio.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Coverage

Among 4 analysts covering Teekay Tankers Ltd (NYSE:TNK), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Teekay Tankers Ltd had 4 analyst reports since November 10, 2017 according to SRatingsIntel. On Friday, November 10 the stock rating was maintained by Bank of America with “Underperform”. On Monday, February 12 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by Seaport Global with “Buy” on Thursday, January 4. UBS upgraded Teekay Tankers Ltd. (NYSE:TNK) rating on Monday, February 26. UBS has “Hold” rating and $1.3 target. Below is a list of Teekay Tankers Ltd. (NYSE:TNK) latest ratings and price target changes.

26/02/2018 Broker: UBS Rating: Hold New Target: $1.3 Upgrade
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2 New Target: $1.3 Maintain
04/01/2018 Broker: Seaport Global Rating: Buy New Target: $2.5 Maintain
10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $1.6 New Target: $1.3 Maintain

The stock increased 1.22% or $0.014 during the last trading session, reaching $1.144. About 628,687 shares traded. Teekay Tankers Ltd. (NYSE:TNK) has declined 39.70% since April 17, 2017 and is downtrending. It has underperformed by 51.25% the S&P500.

Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has market cap of $306.77 million. The firm also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 43 owned conventional tankers, 7 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 7 ship-to-ship support vessels.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Chart

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