|Bid||1.10 x 4000|
|Ask||1.11 x 3200|
|Day's Range||1.09 - 1.13|
|52 Week Range||0.96 - 1.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||0.12 (10.26%)|
|1y Target Est||1.69|
Wall Street analysts expect that Teekay Tankers’ (TNK) revenues could reach ~$80.28 million in the second quarter. This compares to $88.47 million in the first quarter and ~$89.36 million in the second quarter of 2017. Along with a fall in revenues, analysts expect a fall in Teekay Tankers’ EBITDA as well.
In 2015, the crude tanker industry enjoyed one of the highest freight rates in the past seven years. However, 2016 was a little slow as freight rates took a step down from the levels observed in 2015. Although freight rates were still profitable in 2016, the situation was reversed in 2017.
In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.
Previously in this series, we noted that most of the crude tanker stocks fell in week 26, which ended on June 29. In week 26, the VLCC (very large crude carrier), Suezmax, and Aframax rates fell. In this part, we’ll see how bunker fuel prices fared in week 26.
In the previous part of this series, we discussed Wall Street analysts’ recommendations for the two top-performing crude tanker stocks so far this year: DHT Holdings (DHT) and Frontline (FRO). Analysts’ consensus rating for Nordic American Tankers (NAT) is 3.33, which means a “hold.” None of the analysts recommended a “buy” or an equivalent as of June 28. Analysts’ consensus target price for Nordic American Tankers was $2.28 as of June 28.
Teekay Tankers’ (TNK) YTD (year-to-date) returns were -4.6% as of June 28. It was the fifth-best performer among its peers so far this year behind DHT Holdings (DHT), Frontline (FRO), Nordic American Tankers (NAT), and Euronav (EURN), which had YTD returns of 30.6%, 27.9%, 7%, and -1%, respectively.
NEW YORK, July 02, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Greenbrier ...
Previously, we discussed analysts’ recommendations for crude tanker stocks. Let’s now compare analysts’ revenue and EBITDA estimates for these companies in Q2 2018.
Previously, we discussed crude tanker companies’ EBITDA. In this article, we’ll discuss their FCF (free cash flow). FCF, which is operating cash flow minus capital expenditure, represents the cash a company can generate after spending money to maintain or expand its asset base.
Previously, we compared five crude tanker companies’ Q1 2018 revenue. In this article, we’ll look at their Q1 2018 EBITDA. A company’s financial performance is indicated by its EBITDA metric, which reflects a company’s operating profit. As crude tanker companies are capital-intensive operations and have high non-cash costs, including depreciation, their performance might be best assessed using their EBITDA metrics.
HAMILTON, Bermuda, June 29, 2018-- Teekay LNG Partners L.P. announced today that Brody Speers, the current Chief Financial Officer of Teekay Gas Group Ltd., a management services company that provides ...
In this article, we’ll compare five crude tanker companies’ Q1 2018 revenue. In the first quarter, the freight market was weak. Freight rates were pressured in both the VLCC (very large crude carrier) and the Suezmax sectors, pulling down crude tanker companies’ revenue. As the crude oil tanker industry is characterized by seasonality, we’ll look at both YoY (year-over-year) and sequential changes in revenue.
Previously in this series, we noted that most of the crude tanker stocks rose in week 25, which ended on June 22. In week 25, the average VLCC (very large crude carrier) and Suezmax rates rose. In this part, we’ll see how bunker fuel prices fared in week 25.
LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want a free Stock Review on STNG sign up now at www.wallstequities.com/registration. Pre-market, WallStEquities.com evaluates four stocks to see how they have fared over the past trading sessions: Safe Bulkers Inc. (NYSE: SB), Scorpio Tankers Inc. (NYSE: STNG), Ship Finance International Ltd (NYSE: SFL), and Teekay Tankers Ltd (NYSE: TNK). Monaco-based Safe Bulkers Inc.'s stock finished Tuesday's session 0.53% higher at $3.81 with a total trading volume of 362,109 shares.
Wells Fargo’s analyst Michael Webber upgraded three crude tanker stocks and revised their target prices. According to Wells Fargo, the tanker market is uniquely positioned to take advantage of the likely increase in oil production.
The tanker group as a whole is "uniquely positioned" to take advantage of a likely increase in oil production and potentially significant IMO 2020 tailwinds, according to Wells Fargo. The Analyst ...
HAMILTON, Bermuda, June 18, 2018-- Teekay Tankers Ltd. announced today that at its adjourned 2018 Annual General Meeting held on June 15, 2018, shareholders approved the proposal to amend the Company’ ...
Teekay Tankers Ltd. (Teekay Tankers or the Company) (TNK) announced today that at its 2018 Annual General Meeting held today, shareholders elected the seven nominated directors to Teekay Tankers’ Board of Directors for a term of one year and thereafter voted to adjourn the meeting prior to a vote on the proposal to amend the Company’s articles of incorporation.
According to Reuters, the consensus rating for Nordic American Tankers (NAT) is 3.3, which means a “hold.” Teekay Tankers (TNK) also has a consensus “hold” rating, while Gener8 Maritime (GNRT) has consensus “buy” rating.
The company achieved a spot TCE (time charter equivalent) of $14,99 per day for VLCCs (very large crude carriers). Teekay Tankers’ (TNK) first-quarter revenue was $88.4 million—12% lower year-over-year. In the first quarter, Frontline took delivery of three newbuilds—one VLCC and two LR2 tankers.
In this part, we’ll discuss analysts’ recommendations for crude tanker companies in week 21, which ended on May 25.
Previously in this series, we noted that most of the crude tanker stocks rose in week 21, which ended on May 25. In this part, we’ll see how bunker fuel prices fared in week 21.