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Teekay Tankers Ltd. (TNK)

12.66   0.36 (2.93%) 02-26 16:02
Open: 12.5 Pre. Close: 12.3
High: 13.57 Low: 12.36
Volume: 844,762 Market Cap: 426M
Teekay Tankers Ltd is engaged in the shipping industry. Its business entails employment of oil tankers for the purpose of transportation.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 13.602 - 13.692 13.692 - 13.773
Low: 12.151 - 12.259 12.259 - 12.356
Close: 12.562 - 12.733 12.733 - 12.888

Technical analysis

as of: 2020-02-26 4:33:01 PM
Overall:       
Stoxline posted a NEUTRAL today, upgraded from lower rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 21.13     One year: 25.38
Support: Support1: 12.21    Support2: 10.16
Resistance: Resistance1: 18.09    Resistance2: 21.73
Pivot: 14.54
Moving Average: MA(5): 13.41     MA(20): 15.07
MA(100): 18.48     MA(250): 12.86
MACD: MACD(12,26): -1.75     Signal(9): -1.68
Stochastic oscillator: %K(14,3): 5.35     %D(3): 7.91
RSI: RSI(14): 28.14
52-week: High: 25.74  Low: 7.44  Change(%): 48.7
Average Vol(K): 3-Month: 73158  10-Days: 59807

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
TNK has closed above bottom band by 8.7%. Bollinger Bands are 18% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

2020-01-28
Teekay Tankers : January 28, 2020 Teekay Tankers Announces Asset Sales and New Debt Facility | MarketScreener
Teekay Tankers Ltd. today announced the following updates since its Investor Day in November 2019: Sale of Non-U.S. Ship-to-Ship Transfer Business The… | January 28, 2020

2020-01-14
Why Haven't Iran Tensions Hiked Tanker Rates (Yet)?
What makes markets so interesting — and maddening — is that they tend to behave in ways you didn't expect. Take crude-tanker shipping. In October 2019, the threat to oil exports from the Middle East pushed spot freight rates to $190,000 per day. The supply-demand balance is even tighter now, and Middle East crude flows are once again theoretically under threat, so rates and tanker stock pricing should shoot up again, right? In fact, rates have held relatively steady and stock prices are down. The U.S. killed Iranian general Qassem Suleimani on Jan. 2. Iran retailed with airstrikes on Iraqi bases housing Americans on Jan. 7. If markets followed the pattern seen in the second half of last year, oil shippers would have bid up spot rates as they sought to secure cargoes as a hedge against possible military action in and around the Strait of Hormuz. They haven't, at least not yet. According to Clarksons Platou Securities, rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude each) averaged $92,300 per day on Jan. 10, down 13% from the day before and down 3% week-on-week.

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  New York Stock Exchange
Sector:  Industrials
Industry:  Shipping Ports
Shares Out. (M) 29.00
Shares Float (M) 23.62
% Held by Insiders 17.37
% Held by Institutions 45.69
Shares Short (K) 763
Shares Short P. Month (K)

Stock Financials

EPS -0.320
Book Value (p.s.) 27.550
PEG Ratio 3.03
Profit Margin -1.19
Operating Margin 6.81
Return on Assets (ttm) 1.7
Return on Equity (ttm) -1.1
Qtrly Rev. Growth 3.6
Gross Profit (p.s.) 5.742
Sales Per Share
EBITDA (p.s.) 5.519
Qtrly Earnings Growth
Operating Cash Flow (M) 60.97
Levered Free Cash Flow (M) 85.34

Stock Valuations

P/E -39.77
P/E Growth Ratio 0.03
P/BV 0.46
P/S 0.49
P/CF 6.05

Dividends & Splits

Dividend 0.030
Dividend Yield
Dividend Pay Date 2018-03-08
Ex-Dividend Date 2018-03-01
Forward Dividend
Last Split Date 2019-11-24
Last Split Ratio 0.13
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