How to buy Teekay Tankers stock (TNK)

Teekay Tankers is an oil & gas midstream business based in the US. Teekay Tankers shares (TNK) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $37.51 – a decrease of 1.45% over the previous week. Teekay Tankers employs 1,590 staff and has a trailing 12-month revenue of around $1.2 billion.

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Teekay Tankers stock price (NYSE: TNK)

Use our graph to track the performance of TNK stocks over time.

Teekay Tankers shares at a glance

• Key figures

Information last updated 2024-12-18.

Latest market close	$37.51
52-week range	$36.04 - $73.46
50-day moving average more info button	$46.24
200-day moving average more info button	$57.41
Wall St. target price	$65.00
PE ratio more info button	3.1322
Dividend yield more info button	$0.25 (2.64%)
Earnings per share (TTM) more info button	$12.18

Is it a good time to buy Teekay Tankers stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Teekay Tankers price performance over time

Historical closes compared with the close of $37.21 from 2024-12-19

1 week (2024-12-13)	-2.23%
1 month (2024-11-22)	-10.83%
3 months (2024-09-20)	-33.28%
6 months (2024-06-21)	-46.58%

1 year (2023-12-21)	-29.70%
2 years (2022-12-22)	30.30%
3 years (2021-12-21)	258.42%
5 years (2019-12-20)	75.23%

Is Teekay Tankers stock undervalued or overvalued?

Valuing Teekay Tankers stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Teekay Tankers's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Teekay Tankers's P/E ratio

Teekay Tankers's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Teekay Tankers shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Teekay Tankers's PEG ratio

Teekay Tankers's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 31.59. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Teekay Tankers's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Teekay Tankers's EBITDA

Teekay Tankers's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $459.3 million.

The EBITDA is a measure of a Teekay Tankers's overall financial performance and is widely used to measure a its profitability.

Teekay Tankers financials

Revenue TTM	$1.2 billion
Operating margin TTM	24.01%
Gross profit TTM	$389.7 million
Return on assets TTM	13.25%
Return on equity TTM	26.67%
Profit margin	35.44%
Book value	$50.79
Market Capitalization more info button	$1.3 billion

TTM: trailing 12 months

Teekay Tankers share dividends

Dividend payout ratio: 23.46% of net profits

Recently Teekay Tankers has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Teekay Tankers shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Teekay Tankers's case, that would currently equate to about $0.25 per share.

While Teekay Tankers's payout ratio might seem low, this can signify that Teekay Tankers is investing more in its future growth.

Teekay Tankers's most recent dividend payout was on 21 November 2024. The latest dividend was paid out to all shareholders who bought their shares by 11 November 2024 (the "ex-dividend date").

Have Teekay Tankers's shares ever split?

Teekay Tankers's shares were split on a 1:8 basis on 24 November 2019 . So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Teekay Tankers shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for Teekay Tankers shares which in turn could have impacted Teekay Tankers's share price.

Teekay Tankers share price volatility

Over the last 12 months, Teekay Tankers's shares have ranged in value from as little as $36.04 up to $73.4587. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Teekay Tankers's is -0.334. This would suggest that Teekay Tankers's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Teekay Tankers has bucked the trend.

Teekay Tankers overview

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda. .

Frequently asked questions

What percentage of Teekay Tankers is owned by insiders or institutions?
Currently 20.257% of Teekay Tankers shares are held by insiders and 26.644% by institutions. How many people work for Teekay Tankers?
Latest data suggests 1,590 work at Teekay Tankers. When does the fiscal year end for Teekay Tankers?
Teekay Tankers's fiscal year ends in December. Where is Teekay Tankers based?
Teekay Tankers's address is: Belvedere Building, Hamilton, Bermuda, HM 08 What is Teekay Tankers's ISIN number?
Teekay Tankers's international securities identification number is: MHY8565N3002 What is Teekay Tankers's CUSIP number?
Teekay Tankers's Committee on Uniform Securities Identification Procedures number is: Y8565N300