Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Teekay Tankers Ltd (NYSE: TNK) closed the day trading at $40.30 down -0.86% from the previous closing price of $40.65. In other words, the price has decreased by -$0.86 from its previous closing price. On the day, 0.93 million shares were traded.
Ratios:
For a better understanding of TNK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.19. For the most recent quarter (mrq), Quick Ratio is recorded 6.35 and its Current Ratio is at 6.80. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, BofA Securities on November 13, 2024, Downgraded its rating to Underperform and sets its target price to $46 from $51 previously.
BofA Securities Upgraded its Neutral to Buy on January 19, 2024, whereas the target price for the stock was revised from $56 to $72.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 23 ’24 when DAVID ALFRED SCHELLENBERG bought 6,000 shares for $38.70 per share.
Chu Sai bought 4,380 shares of TNK for $142,153 on Dec 04 ’24. On Nov 25 ’24, another insider, DU MOULIN RICHARD T, who serves as the Director of the company, bought 1,966 shares for $41.63 each.
Valuation Measures:
As of this moment, Teekay’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.31, and their Forward P/E ratio for the next fiscal year is 5.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.79.
Stock Price History:
Over the past 52 weeks, TNK has reached a high of $74.20, while it has fallen to a 52-week low of $36.04. The 50-Day Moving Average of the stock is -1.59%, while the 200-Day Moving Average is calculated to be -25.44%.
Shares Statistics:
A total of 29.70M shares are outstanding, with a floating share count of 23.60M. Insiders hold about 31.17% of the company’s shares, while institutions hold 51.64% stake in the company.
