Teekay Tankers (TNK) Projected to Announce Earnings on Wednesday

Teekay Tankers (NYSE:TNK) is expected to announce its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Teekay Tankers to post earnings of $5.61 per share and revenue of $289.6950 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings results on Tuesday, March 31st. The shipping company reported $3.69 earnings per share (EPS) for the quarter. Teekay Tankers had a net margin of 42.60% and a return on equity of 16.34%. On average, analysts expect Teekay Tankers to post $14 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Teekay Tankers Price Performance

NYSE TNK opened at $75.61 on Wednesday. Teekay Tankers has a 12 month low of $41.77 and a 12 month high of $83.99. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.15 and a beta of -0.22. The company’s fifty day moving average price is $72.78 and its two-hundred day moving average price is $70.84.

Teekay Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 26th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Teekay Tankers’s payout ratio is currently 8.13%.

Insider Buying and Selling

In other news, Director David Schellenberg sold 7,031 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $71.53, for a total transaction of $502,927.43. Following the completion of the transaction, the director directly owned 7,445 shares of the company’s stock, valued at approximately $532,540.85. This represents a 48.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Teekay Tankers

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Teekay Tankers by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,835,312 shares of the shipping company’s stock valued at $98,042,000 after purchasing an additional 36,199 shares during the period. Ameriprise Financial Inc. grew its stake in Teekay Tankers by 24.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 692,796 shares of the shipping company’s stock worth $28,903,000 after buying an additional 136,990 shares during the last quarter. Summit Street Capital Management LLC increased its position in Teekay Tankers by 14.4% in the third quarter. Summit Street Capital Management LLC now owns 501,774 shares of the shipping company’s stock worth $25,360,000 after buying an additional 63,125 shares during the period. JPMorgan Chase & Co. increased its position in Teekay Tankers by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 417,483 shares of the shipping company’s stock worth $22,302,000 after buying an additional 24,024 shares during the period. Finally, State Street Corp lifted its stake in Teekay Tankers by 0.8% in the fourth quarter. State Street Corp now owns 399,832 shares of the shipping company’s stock valued at $21,359,000 after buying an additional 3,101 shares during the last quarter. Institutional investors own 52.67% of the company’s stock.

Wall Street Analysts Forecast Growth

TNK has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teekay Tankers in a research report on Wednesday, June 24th. Evercore reissued an “outperform” rating and set a $86.00 price target on shares of Teekay Tankers in a research report on Friday, May 15th. Zacks Research upgraded Teekay Tankers from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Bank of America lifted their price objective on shares of Teekay Tankers from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Teekay Tankers Company Profile

Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.

The company’s fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.