|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||19.31 - 22.66|
|52 Week Range||7.44 - 25.74|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||17.85|
|Earnings Date||May 20, 2020 - May 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 01, 2018|
|1y Target Est||28.71|
Finding a stock that's surging during a bear market is a rare feat. But that's what Teekay Tankers, featured in the IBD 50 Stocks To Watch column, is doing.
Investors always look for companies with a high level of profitability regardless of the present market condition.
Efficient fleet management and cost-control measures aid Spirit Airlines (SAVE). However, high debt levels and lower demand due to the coronavirus outbreak are worrisome.
TNK vs. KEX: Which Stock Is the Better Value Option?
The oil & gas industry is comprised of companies involved in the exploration, extraction, refining, and transportation of oil and gas products. The industry also includes companies that provide drilling and well-maintenance services.
"It has actually felt like a bit of a horror movie at times, to be honest," said Frontline (NYSE: FRO) CEO Robert Macleod during a conference call with analysts on Thursday. Two of the largest publicly listed tanker owners have just reported results for the fourth quarter of 2019 — Frontline and Teekay Tankers (NYSE: TNK). Teekay Tankers CEO Kevin Mackay touted "one of the most profitable quarters since the end of the tanker-market super cycle in 2009."
Highlights GAAP net income attributable to shareholders of Teekay of $11.3 million, or $0.11 per share, and adjusted net income attributable to shareholders of Teekay(1) of.
Highlights Reported GAAP net income of $63.1 million, or $1.88 per share, and adjusted net income(1) of $83.0 million, or $2.47 per share, in the fourth quarter of 2019.
HAMILTON, Bermuda, Feb. 14, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).
The Company has reached an agreement with Hili Ventures to sell a portion of its oil and gas ship-to-ship transfer support services business, which also provides gas terminal management and gas consulting services, for approximately $26 million. Teekay Tankers will retain its entire Full-Service Lightering business that operates in the U.S. Gulf, which provides ship-to-ship oil transfers for both U.S. crude imports and exports. In addition, the Company will continue to operate oil ship-to-ship transfer support services in North America and the Caribbean, a business that has synergies with its core Full-Service Lightering business.
The trade pact requires that China buy more goods and services from the U.S., including a major increase in energy products, over the next two years.