A glimpse at Teekay Tankers Ltd.’s potential climb to old highs

As of close of business last night, Teekay Tankers Ltd.’s stock clocked out at $34.45, down -1.18% from its previous closing price of $34.86. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 596696 shares were traded. TNK stock price reached its highest trading level at $35.35 during the session, while it also had its lowest trading level at $33.18.

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Ratios:

To gain a deeper understanding of TNK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.63.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on July 21, 2022, initiated with a Buy rating and assigned the stock a target price of $25.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 1.37.

Stock Price History:

Over the past 52 weeks, TNK has reached a high of $35.44, while it has fallen to a 52-week low of $9.89. The 50-Day Moving Average of the stock is 30.60, while the 200-Day Moving Average is calculated to be 21.07.

Shares Statistics:

It appears that TNK traded 548.08K shares on average per day over the past three months and 426.43k shares per day over the past ten days. A total of 33.95M shares are outstanding, with a floating share count of 28.98M. Insiders hold about 31.90% of the company’s shares, while institutions hold 42.90% stake in the company. Shares short for TNK as of Oct 13, 2022 were 1.32M with a Short Ratio of 1.28M, compared to 843.11k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.89% and a Short% of Float of 5.79%.

Earnings Estimates

As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.69 for the current quarter, with a high estimate of $2.45 and a low estimate of $0.43, while EPS last year was -$1.48. The consensus estimate for the next quarter is $2.41, with high estimates of $3.75 and low estimates of $0.34.

Analysts are recommending an EPS of between $6.37 and $1.1 for the fiscal current year, implying an average EPS of $4.41. EPS for the following year is $5.37, with 6 analysts recommending between $9.18 and $0.45.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $158.17M. It ranges from a high estimate of $179M to a low estimate of $132.5M. As of the current estimate, Teekay Tankers Ltd.’s year-ago sales were $41.17M, an estimated increase of 284.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $191.53M, an increase of 197.70% less than the figure of $284.20% in the same quarter last year. There is a high estimate of $231M for the next quarter, whereas the lowest estimate is $146.6M.

A total of 2 analysts have provided revenue estimates for TNK’s current fiscal year. The highest revenue estimate was $597M, while the lowest revenue estimate was $534M, resulting in an average revenue estimate of $565.5M. In the same quarter a year ago, actual revenue was $227.25M, up 148.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $614.81M in the next fiscal year. The high estimate is $889M and the low estimate is $437.55M. The average revenue growth estimate for next year is up 8.70% from the average revenue estimate for this year.