▲ +30.81% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Teekay Tankers in the last 3 months. The average price target is $16.60, with a high forecast of $22.00 and a low forecast of $14.00. The average price target represents a 30.81% upside from the last price of $12.69.
The current consensus among 5 polled investment analysts is to hold stock in Teekay Tankers. This Hold consensus rating has held steady for over two years.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore Ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management, liquefied natural gas terminal management, consultancy, procurement, equipment rental, and other related services; and lightering support services, including, full-service lightering and other lightering support services. As of December 31, 2020, the company owned and leased 52 double-hull oil tankers, and 9 time chartered-in tankers. Its vessels are employed through long-term, fixed-rate time-charter contracts and spot tanker market. The company was founded in 2007 and is based in Hamilton, Canada.