Teekay Tankers Ltd (NYSE: TNK) closed the day trading at $55.59 down -3.79% from the previous closing price of $57.78. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 662069 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 5.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.10. For the most recent quarter (mrq), Quick Ratio is recorded 4.02 and its Current Ratio is at 4.40. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 January 19, 2024, Upgraded its rating to Buy and sets its target price to $72 from $56 previously.
On July 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $25.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TNK now has a Market Capitalization of 1.90B and an Enterprise Value of 1.75B. As of this moment, Teekay’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.74, and their Forward P/E ratio for the next fiscal year is 4.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 1.28 whereas that against EBITDA is 2.69.
Stock Price History:
Over the past 52 weeks, TNK has reached a high of $64.42, while it has fallen to a 52-week low of $35.00. The 50-Day Moving Average of the stock is 56.97, while the 200-Day Moving Average is calculated to be 48.41.
Shares Statistics:
Over the past 3-months, TNK traded about 453.13K shares per day on average, while over the past 10 days, TNK traded about 358.89k shares per day. A total of 29.50M shares are outstanding, with a floating share count of 24.12M. Insiders hold about 29.28% of the company’s shares, while institutions hold 53.54% stake in the company. Shares short for TNK as of Mar 15, 2024 were 877.04k with a Short Ratio of 1.94, compared to 724.4k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 3.67%.
Dividends & Splits
TNK’s forward annual dividend rate is 1.00, up from 1.00 a year ago. Against a Trailing Annual Dividend Yield of 1.73%, it implies a Forward Annual Dividend Yield of 1.74%. The stock’s 5-year Average Dividend Yield is 6.34. The current Payout Ratio is 5.05% for TNK, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Nov 25, 2019 when the company split stock in a 1:8 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $3.87 for the current quarter, with a high estimate of $4.19 and a low estimate of $3.65, while EPS last year was $5.13. The consensus estimate for the next quarter is $2.73, with high estimates of $3.69 and low estimates of $1.66.
Analysts are recommending an EPS of between $15.62 and $11.7 for the fiscal current year, implying an average EPS of $13.5. EPS for the following year is $12.03, with 6 analysts recommending between $16.82 and $6.55.
Revenue Estimates
4 analysts predict $213.67M in revenue for the current quarter. It ranges from a high estimate of $229M to a low estimate of $188.49M. As of the current estimate, Teekay Tankers Ltd’s year-ago sales were $270.47M, an estimated decrease of -21.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $170M, a decrease of -32.70% less than the figure of -$21.00% in the same quarter last year. There is a high estimate of $190.58M for the next quarter, whereas the lowest estimate is $145M.
A total of 5 analysts have provided revenue estimates for TNK’s current fiscal year. The highest revenue estimate was $823M, while the lowest revenue estimate was $756M, resulting in an average revenue estimate of $790.27M. In the same quarter a year ago, actual revenue was $1.36B, down -42.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $773.64M in the next fiscal year. The high estimate is $919.14M and the low estimate is $652.28M. The average revenue growth estimate for next year is down -2.10% from the average revenue estimate for this year.
