▲ +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.
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.
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.