Shares of Teekay Tankers Ltd. (NYSE:TNK) have earned an average recommendation of “Sell” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $1.65.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub downgraded Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 13th. TheStreet downgraded Teekay Tankers from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. ValuEngine downgraded Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, UBS AG reissued a “sell” rating and issued a $1.50 price objective (down from $2.00) on shares of Teekay Tankers in a research note on Friday, June 9th.

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its stake in shares of Teekay Tankers by 21.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 53,279 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 9,526 shares in the last quarter. Two Sigma Securities LLC raised its stake in shares of Teekay Tankers by 243.5% in the 1st quarter. Two Sigma Securities LLC now owns 51,750 shares of the shipping company’s stock valued at $106,000 after acquiring an additional 36,683 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Teekay Tankers in the 1st quarter valued at approximately $113,000. Voya Investment Management LLC raised its stake in shares of Teekay Tankers by 26.3% in the 2nd quarter. Voya Investment Management LLC now owns 63,186 shares of the shipping company’s stock valued at $119,000 after acquiring an additional 13,167 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Teekay Tankers by 7.0% in the 1st quarter. American International Group Inc. now owns 71,726 shares of the shipping company’s stock valued at $147,000 after acquiring an additional 4,720 shares in the last quarter. 39.00% of the stock is currently owned by institutional investors and hedge funds.

Teekay Tankers (TNK) traded up 0.62% during mid-day trading on Wednesday, reaching $1.61. 884,911 shares of the company were exchanged. The company’s market cap is $288.51 million. The stock’s 50-day moving average is $1.52 and its 200-day moving average is $1.78. Teekay Tankers has a 12 month low of $1.37 and a 12 month high of $2.85.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). Teekay Tankers had a positive return on equity of 0.39% and a negative net margin of 7.38%. The company had revenue of $89.40 million during the quarter, compared to the consensus estimate of $80.68 million. During the same period last year, the business earned $0.20 EPS. The business’s quarterly revenue was down 36.0% on a year-over-year basis. Equities analysts expect that Teekay Tankers will post ($0.02) earnings per share for the current year.

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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.

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