Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $42.31 in the prior trading day, Teekay Tankers Ltd (NYSE: TNK) closed at $41.72, down -1.39%. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1.13 million shares were traded. TNK stock price reached its highest trading level at $42.06 during the session, while it also had its lowest trading level at $41.0501.
Ratios:
Our goal is to gain a better understanding of TNK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.52. For the most recent quarter (mrq), Quick Ratio is recorded 7.72 and its Current Ratio is at 8.05. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 Feb 26 ’25 when DU MOULIN RICHARD T bought 6,347 shares for $40.16 per share.
Antturi Peter bought 1,501 shares of TNK for $60,430 on Feb 24 ’25. On Dec 23 ’24, another insider, DAVID ALFRED SCHELLENBERG, who serves as the Director of the company, bought 6,000 shares for $38.70 each.
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 1438977024 and an Enterprise Value of 795061632. As of this moment, Teekay’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.47, and their Forward P/E ratio for the next fiscal year is 5.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 0.728 whereas that against EBITDA is 2.475.
Stock Price History:
The Beta on a monthly basis for TNK is -0.04, which has changed by -0.38979083 over the last 52 weeks, in comparison to a change of 0.12632763 over the same period for the S&P500. Over the past 52 weeks, TNK has reached a high of $69.89, while it has fallen to a 52-week low of $32.64. The 50-Day Moving Average of the stock is -4.59%, while the 200-Day Moving Average is calculated to be -3.81%.
Shares Statistics:
The stock has traded on average 575.72K shares per day over the past 3-months and 734710 shares per day over the last 10 days, according to various share statistics. A total of 29.76M shares are outstanding, with a floating share count of 23.79M. Shares short for TNK as of 1749772800 were 947398 with a Short Ratio of 1.65, compared to 1747267200 on 731914. Therefore, it implies a Short% of Shares Outstanding of 947398 and a Short% of Float of 3.9899999999999998.
Dividends & Splits
In the trailing 12 months, TNK’s forward annual dividend rate was 3.0, compared to 0.98 this year. Against a Trailing Annual Dividend Yield of 0.07090522The stock’s 5-year Average Dividend Yield is 6.34.
