Investors sentiment increased to 1.85 in Q2 2019. Its up 0.29, from 1.56 in 2019Q1. It increased, as 7 investors sold Teekay Tankers Ltd. shares while 19 reduced holdings. 20 funds opened positions while 28 raised stakes. 61.99 million shares or 1.04% less from 62.65 million shares in 2019Q1 were reported.
Citigroup invested in 0% or 52,010 shares. Aqr Management Ltd Com invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Jefferies Lc stated it has 0% in Teekay Tankers Ltd. (NYSE:TNK). State Bank Of New York Mellon Corporation accumulated 553,110 shares. Stratos Wealth Ptnrs Ltd holds 10,300 shares. Retail Bank Of Montreal Can holds 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 22,144 shares. Schroder Investment Management Grp Incorporated holds 0% or 104,400 shares in its portfolio. 3.15 million are held by Carlson Cap Limited Partnership. Connor Clark & Lunn Mngmt Ltd has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Royal National Bank & Trust Of Canada stated it has 22,600 shares. Loews accumulated 0% or 12,111 shares. Chicago Equity Prtnrs Ltd Liability holds 142,233 shares. Art Llc invested in 0.02% or 296,253 shares. Lateef Invest Mgmt Limited Partnership has 20,000 shares. Group One Trading L P invested in 0% or 5,474 shares.
The stock of Teekay Tankers Ltd. (NYSE:TNK) is a huge mover today! The stock decreased 2.50% or $0.49 during the last trading session, reaching $18.93. About 494,615 shares traded or 4.53% up from the average. Teekay Tankers Ltd. (NYSE:TNK) has risen 25.11% since December 4, 2018 and is uptrending. It has outperformed by 25.11% the S&P500.
The move comes after 5 months negative chart setup for the $636.69 million company. It was reported on Dec, 4 by Barchart.com. We have $18.17 PT which if reached, will make NYSE:TNK worth $25.47 million less.
Analysts await Teekay Tankers Ltd. (NYSE:TNK) to report earnings on February, 20. They expect $0.31 EPS, up 520.00 % or $0.26 from last year’s $0.05 per share. TNK’s profit will be $10.43 million for 15.27 P/E if the $0.31 EPS becomes a reality. After $-0.08 actual EPS reported by Teekay Tankers Ltd. for the previous quarter, Wall Street now forecasts -487.50 % EPS growth.
Teekay Tankers Ltd. (NYSE:TNK) Ratings Coverage
Among 3 analysts covering Teekay Tankers (NYSE:TNK), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Teekay Tankers has $4.5 highest and $200 lowest target. $3’s average target is -84.15% below currents $18.93 stock price. Teekay Tankers had 4 analyst reports since September 28, 2019 according to SRatingsIntel. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned “Buy” rating by Cleaves Securities on Monday, October 14. The firm has “Buy” rating by Jefferies given on Wednesday, October 23. The firm earned “Underperform” rating on Thursday, November 14 by Bank of America.
More notable recent Teekay Tankers Ltd. (NYSE:TNK) news were published by: Benzinga.com which released: “7 Energy Stocks Moving In Thursday’s Pre-Market Session – Benzinga” on November 14, 2019, also Fool.com with their article: “Why Shares of Navigator Holdings and Teekay Are Up Today – The Motley Fool” published on November 14, 2019, Globenewswire.com published: “Teekay Tankers Ltd. Reports Third Quarter 2019 Results – GlobeNewswire” on November 13, 2019. More interesting news about Teekay Tankers Ltd. (NYSE:TNK) were released by: Benzinga.com and their article: “6 Energy Stocks Moving In Monday’s Pre-Market Session – Benzinga” published on November 19, 2019 as well as Globenewswire.com‘s news article titled: “Teekay Corporation 2019 Annual General Meeting Presentation NYSE:TK – GlobeNewswire” with publication date: June 14, 2019.
Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has market cap of $636.69 million. The firm also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 43 owned conventional tankers, 7 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 7 ship-to-ship support vessels.
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