Several other equities research analysts have also issued reports on the stock. Clarkson Capital reaffirmed a “buy” rating on shares of Teekay Tankers in a research note on Tuesday, June 14th. Jefferies Financial Group boosted their target price on shares of Teekay Tankers from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday.
Teekay Tankers Stock Up 0.5 %
Shares of TNK stock traded up $0.12 on Friday, hitting $22.79. The company’s stock had a trading volume of 428,288 shares, compared to its average volume of 383,212. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 0.92. Teekay Tankers has a fifty-two week low of $9.89 and a fifty-two week high of $23.52. The firm’s fifty day moving average price is $19.34 and its 200-day moving average price is $16.04. The stock has a market capitalization of $768.89 million, a price-to-earnings ratio of -3.28, a P/E/G ratio of 151.27 and a beta of -0.03.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Teekay Tankers by 54.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,314 shares of the shipping company’s stock worth $623,000 after acquiring an additional 12,491 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Teekay Tankers during the 2nd quarter worth about $528,000. Amalgamated Bank bought a new position in shares of Teekay Tankers during the 1st quarter worth about $40,000. Goldman Sachs Group Inc. bought a new position in shares of Teekay Tankers during the 1st quarter worth about $198,000. Finally, PDT Partners LLC bought a new position in shares of Teekay Tankers during the 1st quarter worth about $185,000. Institutional investors and hedge funds own 28.74% of the company’s stock.
About Teekay Tankers
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.
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