|Bid||0.85 x 1400|
|Ask||1.05 x 2900|
|Day's Range||0.97 - 1.01|
|52 Week Range||0.94 - 1.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||0.12 (12.15%)|
|1y Target Est||1.51|
If you’re interested in Teekay Tankers Ltd (NYSE:TNK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock couldRead More...
HAMILTON, Bermuda, Sept. 12, 2018-- Teekay Tankers Ltd. announced today that it has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers, the Whistler Spirit, ...
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Teekay Tankers Ltd. Class A (NYSE: TNK ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 1:00 PM Eastern ...
Teekay Tankers (TNK) delivered earnings and revenue surprises of 8.33% and 8.67%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 10 cents. Losses, adjusted for non-recurring gains, were 11 cents per share. The results beat Wall Street expectations. The ...
Reported GAAP net loss of $27.4 million, or $0.10 per share, and adjusted net loss of $28.7 million, or $0.11 per share, in the second quarter of 2018. Generated GAAP loss from operations of $13.4 million ...
Reported consolidated GAAP net loss attributable to shareholders of Teekay of $28.3 million, or $0.28 per share, and consolidated adjusted net loss attributable to shareholders of Teekay of $21.6 million, ...
In week 30, the week ending July 27, Evercore downgraded one crude tanker company and revised other companies’ target prices.
Previously in this series, we saw that crude tanker stocks gave mixed returns in week 30—the week ending July 27. However, VLCC (very large crude carrier) and Aframax rates rose. In this part, we’ll see how bunker fuel prices fared last week.
China released its June auto sales data on July 11. In June, China’s automobile sales rose 4.8% YoY (year-over-year) to 2.27 million. In May, China’s vehicle sales rose 9.6%, while its sales in April rose 11.5%. China’s automobile sales rebounded steadily after they fell more than 11% in February. Automobile sales are a key indicator for assessing China’s economic (FXI) health.
China released its June PMI on July 1. In June, China’s manufacturing PMI was 51.5. The PMI fell 0.4% from the previous month, which indicates that China’s (FXI) manufacturing sector expanded at a slower pace. The PMI shows a country’s economic health.
Navios Maritime Midstream Partners (NAP) released its second-quarter results today. NAP reported $14.7 million in EBITDA and $4.3 million in net income in Q2 2018. This month, NAP received a proposal from Navios Maritime Acquisition (NNA) in which NNA would acquire publicly held common shares of NAP in a stock-for-unit exchange.
Previously in this series, we saw that crude tanker stocks fell in week 29 (week ending July 20). However, VLCC (very large crude carrier) and Suezmax rates rose. In this part, we’ll see how bunker fuel prices fared last week.
The BDTI (Baltic Dirty Tanker Index), which shows where crude tanker rates are heading, can be used to assess the crude tanker industry. In week 29 (week ending July 20), the BDTI fell from 744 to 723. The BDTI has risen ~3.3% in 2018. Investors should compare the BDTI’s YoY (year-over-year) performance because the industry is seasonal. At the same time last year, the index was 11.56% higher at ~645. In week 28, the BDTI rose by 23 points.
HAMILTON, Bermuda, July 24, 2018-- Teekay Corporation, Teekay LNG Partners L.P., Teekay Offshore Partners L.P. and Teekay Tankers Ltd. plan to release their financial results for the second quarter of ...
In Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies. Of the six analysts covering Nordic American Tankers (NAT), ~67% are neutral, recommending “hold,” while 33% are bearish, recommending “sell.” Their consensus target price of $2.45 implies a 6.56% downside to NAT’s current price of $2.43. Of the six analysts covering Frontline (FRO), 33% are bullish, recommending “buy,” ~33% are neutral, and 34% are bearish. Their consensus target price of $5.32 implies a 2.5% upside to FRO’s current price of $5.21.
Previously in this series, we saw that crude tanker stocks fell in Week 28 (ended July 13), along with VLCC (very large crude carrier) and Suezmax rates. In this part, we’ll see how bunker fuel prices fared last week.
Tsakos Energy Navigation (TNP) is one of the analysts’ favorite crude tanker companies. According to Reuters, the consensus rating for Tsakos Energy Navigation is 2, which means a “buy.” The company has had a consensus “buy” rating for more than a year.
According to Reuters, the consensus rating for Navios Maritime Midstream Partners (NAP) is 3, which indicates a “hold.” Below are the consensus ratings for other crude oil tanker companies on a scale of 1 (strong buy) to 5 (strong sell): Nordic American Tankers (NAT): 3.33 or a “hold” Frontline (FRO): 3.0 or a “buy” Teekay Tankers (TNK): 2.38 or a “buy” Euronav (EURN): 2.0 or a “buy”
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.