Teekay Tankers Ltd. (NYSE:TNK) – Analysts at Seaport Global Securities decreased their Q4 2017 earnings per share estimates for Teekay Tankers in a research report issued on Wednesday. Seaport Global Securities analyst M. Fyhr now expects that the brokerage will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.16. Seaport Global Securities also issued estimates for Teekay Tankers’ FY2018 earnings at $0.53 EPS.

Teekay Tankers (NYSE:TNK) last issued its earnings results on Thursday, November 3rd. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. Teekay Tankers had a net margin of 18.95% and a return on equity of 13.73%. The business earned $104.60 million during the quarter, compared to analysts’ expectations of $93.25 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue was down 25.1% on a year-over-year basis.

WARNING: “Teekay Tankers Ltd. (TNK) to Post Q4 2017 Earnings of $0.08 Per Share, Seaport Global Securities Forecasts” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at http://www.watchlistnews.com/teekay-tankers-ltd-tnk-to-post-q4-2017-earnings-of-0-08-per-share-seaport-global-securities-forecasts/1059993.html.

TNK has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Teekay Tankers from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 21st. Clarkson Capital downgraded shares of Teekay Tankers from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $3.00 in a research report on Monday, October 3rd. Finally, Vetr downgraded shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating and set a $3.05 target price on the stock. in a research report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.45.

Shares of Teekay Tankers (NYSE:TNK) traded up 1.32% during trading on Thursday, hitting $2.30. 501,038 shares of the stock were exchanged. Teekay Tankers has a 12-month low of $1.90 and a 12-month high of $4.81. The stock’s 50 day moving average is $2.41 and its 200-day moving average is $2.62. The stock has a market cap of $359.49 million, a price-to-earnings ratio of 3.33 and a beta of 2.59.

WARNING: “Teekay Tankers Ltd. (TNK) to Post Q4 2017 Earnings of $0.08 Per Share, Seaport Global Securities Forecasts” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at http://www.watchlistnews.com/teekay-tankers-ltd-tnk-to-post-q4-2017-earnings-of-0-08-per-share-seaport-global-securities-forecasts/1059993.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in TNK. New York State Common Retirement Fund increased its stake in Teekay Tankers by 0.5% in the third quarter. New York State Common Retirement Fund now owns 121,000 shares of the company’s stock valued at $306,000 after buying an additional 600 shares in the last quarter. Muhlenkamp & Co. Inc. increased its stake in Teekay Tankers by 3.3% in the third quarter. Muhlenkamp & Co. Inc. now owns 50,695 shares of the company’s stock valued at $128,000 after buying an additional 1,620 shares in the last quarter. Loews Corp increased its stake in Teekay Tankers by 3.5% in the second quarter. Loews Corp now owns 61,790 shares of the company’s stock valued at $184,000 after buying an additional 2,100 shares in the last quarter. California State Teachers Retirement System increased its stake in Teekay Tankers by 0.9% in the third quarter. California State Teachers Retirement System now owns 246,629 shares of the company’s stock valued at $624,000 after buying an additional 2,300 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Teekay Tankers by 2.1% in the third quarter. Rhumbline Advisers now owns 125,132 shares of the company’s stock valued at $317,000 after buying an additional 2,540 shares in the last quarter. 46.96% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Tankers Company Profile

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

5 Day Chart for NYSE:TNK

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