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NYSE:TNK - Teekay Tankers Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $16.75
  • Forecasted Upside: 25.56 %
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$13.34 As of 02/24/2021 01:00 AM ET
▲ +0.34 (2.62%)
1 month | 3 months | 12 months
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Analyst Price Target for TNK

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$16.75
▲ +25.56% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Teekay Tankers in the last 3 months. The average price target is $16.75, with a high forecast of $21.00 and a low forecast of $14.00. The average price target represents a 25.56% upside from the last price of $13.34.
Hold
The current consensus among 4 investment analysts is to hold stock in Teekay Tankers. This rating has held steady since May 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
9/3/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
12/2/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
3/1/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
5/30/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
8/28/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/26/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/25/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
2/24/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/29/2021Jefferies Financial GroupLower Price TargetBuy$20.00 ➝ $17.00Low
i
10/23/2020Jefferies Financial GroupLower Price TargetBuy$24.00 ➝ $20.00High
i
8/14/2020Bank of AmericaDowngradeBuy ➝ Underperform$20.00 ➝ $14.00Low
i
6/2/2020Fearnley FondsDowngradeBuy ➝ Hold$15.00Low
i
5/28/2020DNB MarketsUpgradeHold ➝ Buy$21.00High
i
3/9/2020DNB MarketsDowngradeBuy ➝ Hold$21.00High
i
11/27/2019Bank of AmericaUpgradeUnderperform ➝ BuyLow
i
Rating by Ken Hoexter at Bank of America Co.
11/18/2019Bank of AmericaUpgradeUnderperform ➝ Buy$24.00High
i
11/17/2019Evercore ISIReiterated RatingBuy$28.00Medium
i
10/23/2019Jefferies Financial GroupUpgradeHold ➝ BuyHigh
i
2/22/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$8.00High
i
2/12/2019DNB MarketsUpgradeHold ➝ BuyHigh
i
1/10/2019Wells Fargo & CompanyDowngradeOutperform ➝ Market PerformHigh
i
Rating by Michael Webber at Wells Fargo & Company
11/30/2018DNB MarketsDowngradeBuy ➝ HoldHigh
i
11/20/2018Wells Fargo & CompanyLower Price TargetOutperform ➝ Outperform$13.20 ➝ $11.20High
i
Rating by Michael Webber at Wells Fargo & Company
11/19/2018Wells Fargo & CompanySet Price TargetBuy$8.00High
i
Rating by Michael Webber at Wells Fargo & Company
10/1/2018Jefferies Financial GroupInitiated CoverageHold$8.00High
i
8/23/2018Wells Fargo & CompanyReiterated RatingBuyLow
i
Rating by Michael Webber at Wells Fargo & Company
6/18/2018Wells Fargo & CompanyUpgradeMarket Perform ➝ OutperformHigh
i
6/13/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$8.80 ➝ $10.40High
i
4/25/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$10.40 ➝ $8.80Medium
i
3/6/2018DNB MarketsUpgradeHold ➝ BuyHigh
i
2/26/2018UBS GroupUpgradeSell ➝ Neutral$10.08 ➝ $8.00Low
i
2/12/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$16.00 ➝ $10.40Medium
i
1/4/2018Seaport Global SecuritiesSet Price TargetBuy$24.00High
i
Rating by Magnus Fyhr at Seaport Global Securities
11/10/2017Bank of AmericaLower Price TargetUnderperform$12.80 ➝ $10.40N/A
i
6/9/2017UBS GroupReiterated RatingSell$16.00 ➝ $12.00N/A
i
5/17/2017Bank of AmericaReiterated RatingUnderperform$18.00 ➝ $14.40Low
i
2/22/2017Credit Suisse GroupReiterated RatingNeutralN/A
i
10/3/2016Clarkson CapitalDowngradeBuy ➝ Neutral$56.00 ➝ $24.00N/A
i
Rating by J. Gandolfo at Clarkson Capital
8/26/2016Morgan StanleyReiterated RatingEqual Weight$28.80 ➝ $20.00N/A
i
Rating by Fotis Giannakoulis at Morgan Stanley
8/8/2016DanskeReiterated RatingHold ➝ SellN/A
i
8/5/2016Morgan StanleySet Price TargetHold$28.80N/A
i
Rating by Fotis Giannakoulis at Morgan Stanley
7/26/2016UBS GroupDowngradeBuy ➝ Neutral$32.00 ➝ $24.00N/A
i
5/21/2016Stifel NicolausDowngradeBuy ➝ HoldN/A
i
5/20/2016DNB MarketsDowngradeBuy ➝ HoldN/A
i
5/20/2016Bank of AmericaDowngradeNeutral ➝ Underperform$24.00 ➝ $28.56N/A
i
5/19/2016Clarkson CapitalReiterated RatingBuy$96.00N/A
i
5/4/2016Seaport Global SecuritiesInitiated CoverageBuy$48.00N/A
i
Rating by M. Fyhr at Seaport Global Securities
4/12/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldN/A
i
Rating by Amit Mehrotra at Deutsche Bank Aktiengesellschaft
4/7/2016JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$56.00 ➝ $40.00N/A
i
Rating by Noah Parquette at JPMorgan Chase & Co.
3/2/2016DanskeInitiated CoverageHold$36.00N/A
i
2/26/2016Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$40.00 ➝ $64.00N/A
i
Rating by Amit Mehrotra at Deutsche Bank Aktiengesellschaft
(Data available from 2/24/2016 forward)
Teekay Tankers logo
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS 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, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2019, the company owned and leased 55 double-hull oil tankers, 2 ship-to-ship support vessels, and 9 time chartered-in tankers. Its vessels are employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers Ltd. was founded in 2007 and is based in Vancouver, Canada.
Read More

Today's Range

Now: $13.34
$13.10
$13.67

50 Day Range

MA: $11.77
$10.25
$14.27

52 Week Range

Now: $13.34
$8.90
$26.92

Volume

461,520 shs

Average Volume

590,298 shs

Market Capitalization

$448.96 million

P/E Ratio

2.03

Dividend Yield

N/A

Beta

0.32

Frequently Asked Questions

What sell-side analysts currently cover shares of Teekay Tankers?

The following Wall Street research analysts have issued stock ratings on Teekay Tankers in the last twelve months: Bank of America Co., DNB Markets, Fearnley Fonds, Jefferies Financial Group Inc., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for TNK.

What is the current price target for Teekay Tankers?

4 Wall Street analysts have set twelve-month price targets for Teekay Tankers in the last year. Their average twelve-month price target is $16.75, suggesting a possible upside of 25.6%. DNB Markets has the highest price target set, predicting TNK will reach $21.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $14.00 for Teekay Tankers in the next year.
View the latest price targets for TNK.

What is the current consensus analyst rating for Teekay Tankers?

Teekay Tankers currently has 1 sell rating, 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in TNK, but not buy more shares or sell existing shares.
View the latest ratings for TNK.

What other companies compete with Teekay Tankers?

Other companies that are similar to Teekay Tankers include Kinder Morgan, The Williams Companies, Cheniere Energy, Targa Resources, Frontline, Golar LNG, SFL, Scorpio Tankers, Golden Ocean Group, GasLog, Nordic American Tankers and Teekay.

How do I contact Teekay Tankers' investor relations team?

Teekay Tankers' physical mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company's listed phone number is 441-298-2530 and its investor relations email address is [email protected] The official website for Teekay Tankers is www.teekay.com.