In last trading session, Teekay Tankers Ltd. (NYSE:TNK) saw 582,536 shares changing hands with its beta currently measuring 0.23. Company’s recent per share price level of $12.34 trading at -$0.2 or -1.91% at recent trade assigns it a market valuation of $414.18 Million. That current price of TNK’s stock is at a discount of -1243.27% from its 52-week high price of $165.76 and is indicating a premium of 3.24% from its 52-week low price of $11.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.76 Million shares which gives us an average trading volume of 1.72 Million if we extend that period to 3-months.
For Teekay Tankers Ltd. (TNK), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 1.3. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 6 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $2.67 in the current quarter.
Teekay Tankers Ltd. (NYSE:TNK) trade information
In the face of being in the red today for losing -2.63%, in the last five days TNK remained trading in the green while hitting it’s week-highest on Monday, Jun 22 when the stock touched $14.19- price level, adding 14.59% to its value on the day. Teekay Tankers Ltd.’s shares saw a change of -49.44% in year-to-date performance and have moved -14.89% in past 5-day. Teekay Tankers Ltd. (NYSE:TNK) showed a performance of -28.33% in past 30-days. Number of shares sold short was 2.06 Million shares which calculate 1.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $24 to the stock, which implies a rise of 94.49% to its current value. Analysts have been projecting $10 as a low price target for the stock while placing it at a high target of $33. It follows that stock’s current price would jump +167.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.96% for stock’s current value.
Teekay Tankers Ltd. (TNK) estimates and forecasts
Statistics highlight that Teekay Tankers Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -46.64% of value to its shares in past 6 months, showing an annual growth rate of 406.28% while that of industry is -12.4. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 767.5% in the current quarter and calculating 265.6% increase in the next quarter. This year revenue growth is estimated to rise 31.4% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $255.01 Million for the same. And 4 analysts are in estimates of company making revenue of $167.73 Million in the next quarter that will end in September 01, 2020. Company posted $99.19 Million and $94.58 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 157.1% while estimating it to be 77.3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 178.3% while estimates for its earnings growth in next 5 years are of 3%