Energy -
Oil & Gas Midstream - NYSE - CA
$ 42.72
0.778 %
$ 1.46 B
Market Cap
3.51
P/E
1. INTRINSIC VALUE
Balance Sheet
Teekay Tankers Ltd.
| Current Assets | 613 M |
| Cash & Short-Term Investments | 366 M |
| Receivables | 170 M |
| Other Current Assets | 77.5 M |
| Non-Current Assets | 1.26 B |
| Long-Term Investments | 15.7 M |
| PP&E | 1.23 B |
| Other Non-Current Assets | 9.74 M |
| Current Liabilities | 139 M |
| Accounts Payable | 29.9 M |
| Short-Term Debt | 56.4 M |
| Other Current Liabilities | 53 M |
| Non-Current Liabilities | 208 M |
| Long-Term Debt | 160 M |
| Other Non-Current Liabilities | 48.9 M |
EFFICIENCY
Earnings Waterfall
Teekay Tankers Ltd.
| Revenue | 1.36 B |
| Cost Of Revenue | 792 M |
| Gross Profit | 573 M |
| Operating Expenses | 45.9 M |
| Operating Income | 536 M |
| Other Expenses | 22.2 M |
| Net Income | 514 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Teekay Tankers Ltd.
| Net Income | 514 M |
| Depreciation & Amortization | 97.6 M |
| Capital Expenditures | -10.2 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 27.2 M |
| Others | -15.3 M |
| Free Cash Flow | 616 M |
Wall Street Analysts Price Targets
Teekay Tankers Ltd.
Wall Street analysts predict an average 1-year price target for TNK of $56 , with forecasts ranging from
a
low of
$28 to a high of $76 .
TNK Lowest Price Target
Wall Street Target
28 USD
-34.46%
TNK Average Price Target
Wall Street Target
56 USD
31.09%
TNK Highest Price Target
Wall Street Target
76 USD
77.90%
4. DIVIDEND
ANALYSIS
0.43%
DIVIDEND YIELD
0.25 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Teekay Tankers Ltd.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Teekay Tankers (TNK) Ascends But Remains Behind Market: Some Facts to Note
In the most recent trading session, Teekay Tankers (TNK) closed at $47.31, indicating a +0.32% shift from the previous trading day.
zacks.com
- 2 weeks ago
Teekay Tankers (TNK) Stock Falls Amid Market Uptick: What Investors Need to Know
Teekay Tankers (TNK) concluded the recent trading session at $42.11, signifying a -1.31% move from its prior day's close.
zacks.com
- 3 weeks ago
Teekay Tankers (TNK) Stock Declines While Market Improves: Some Information for Investors
In the most recent trading session, Teekay Tankers (TNK) closed at $39.91, indicating a -0.03% shift from the previous trading day.
zacks.com
- 3 weeks ago
Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
Teekay Tankers is undervalued, trading near scrap value, despite a fleet with 10 years of operational life and strong free cash flow. The company has a solid financial position with no debt and $462.9 million in cash, aiming to renew its aging fleet. Despite lower expected rates, TNK's fair value is estimated at $50 per share, offering significant upside potential and limited downside risk.
seekingalpha.com
- 1 month ago
Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
At the end of October 2024, Teekay Corporation owned 10.6 million Class A and Class B common shares of Teekay Tankers, currently worth ~$403 million. After the Teekay Tankers holdings, the second-largest asset of Teekay Corporation is a net cash position of $281.1 million. Once Teekay Tankers and Teekay Corporation are combined, the net cash balance increases to $744.6 million, which is unparalleled in the tanker industry.
seekingalpha.com
- 1 month ago
Is It Worth Investing in Teekay Tankers (TNK) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
zacks.com
- 1 month ago
Teekay Group Announces Changes to Boards of Directors
HAMILTON, Bermuda, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers:
globenewswire.com
- 1 month ago
Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap.
seekingalpha.com
- 1 month ago
Is Teekay Tankers (TNK) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
zacks.com
- 2 months ago
Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK's strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets.
seekingalpha.com
- 2 months ago
Teekay Tankers (TNK) Lags Q3 Earnings and Revenue Estimates
Teekay Tankers (TNK) came out with quarterly earnings of $1.83 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.21 per share a year ago.
zacks.com
- 3 months ago
Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
globenewswire.com
- 3 months ago
8. Profile
Summary
Teekay Tankers Ltd. TNK
COUNTRY
CA
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 1.46 B
Dividend Yield
0.43%
Description
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
Contact
Belvedere Building, Hamilton, ON, HM 08
https://www.teekay.com/business/tankers
IPO
Date
Dec. 13, 2007
Employees
1590
Officers
Mr. Kenneth Hvid
Chief Executive Officer, President & Director
Mr. Frans Lotz
General Counsel, Corporate & Company Secretary
Mr. Mikkel Seidelin
Chief Commercial Officer
Mr. Christian Waldegrave
Director of Research & Commercial Performance
Ms. Edith Robinson
Corporate Secretary