Somewhat Positive Press Coverage Somewhat Unlikely to Impact Teekay Tankers (TNK) Share Price
Media headlines about Teekay Tankers (NYSE:TNK) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Tankers earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.4101255090706 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Why Most Crude Tanker Companies Are Going To Have A Bad Q3 (seekingalpha.com)
- Comparing Teekay Tankers (TNK) & its Competitors (americanbankingnews.com)
- Teekay Tankers Ltd. (TNK) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- $77.53 Million in Sales Expected for Teekay Tankers Ltd. (TNK) This Quarter (americanbankingnews.com)
A number of equities research analysts have weighed in on the company. UBS AG restated a “sell” rating and set a $1.50 price objective (down previously from $2.00) on shares of Teekay Tankers in a research note on Friday, June 9th. TheStreet lowered Teekay Tankers from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. ValuEngine lowered Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Teekay Tankers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded Teekay Tankers from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Teekay Tankers presently has a consensus rating of “Hold” and a consensus target price of $2.27.
Teekay Tankers (NYSE:TNK) opened at 1.43 on Wednesday. Teekay Tankers has a 12-month low of $1.37 and a 12-month high of $2.85. The company’s market cap is $243.05 million. The firm’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.87.
Teekay Tankers (NYSE:TNK) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). Teekay Tankers had a positive return on equity of 0.39% and a negative net margin of 7.38%. The firm had revenue of $89.40 million for the quarter, compared to analyst estimates of $80.68 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 36.0% compared to the same quarter last year. Analysts expect that Teekay Tankers will post ($0.03) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 14th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.12 annualized dividend and a yield of 8.39%. Teekay Tankers’s dividend payout ratio is -63.16%.
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Teekay Tankers Company Profile
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
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