Teekay Tankers Ltd (NYSE:TNK) Receives Average Rating


Dallas, Texas 03/27/2014 (FINANCIALSTRENDS) – The average rating on Teekay Tankers (NYSE:TNK) shares is a “Hold” from the 11 ratings firms that are now covering the company. Five research-analysts have now rated the Teekay Tankers Ltd (NYSE:TNK) stock with a hold” rating and 4 have assigned a “buy” rating on the company. The average 12 -month PT among brokerages which have issued their ratings on the Teekay Tankers Ltd (NYSE:TNK) stock in the past year is $16.71. Recently, numerous research firms have weighed on the Teekay Tankers Ltd (NYSE:TNK) stock . Analysts at UBS AG have initiated their coverage on Teekay Tankers Ltd (NYSE:TNK) in the research note on 13 March 13th.

They have set a rating of “neutral” and a price target of $4.50 on the stock. Separately, JPMorgan Chase & Co analysts have upped their price target on Teekay Tankers Ltd (NYSE:TNK) shares from $3.65 up to $3.85 in the research note on 10 March 10th. Finally, DNB Markets analysts have upgraded Teekay Tankers Ltd (NYSE:TNK) shares from a “hold” to a “buy” rating in the research note on 26 February. Teekay Tankers Ltd (NYSE:TNK) last released its earnings- data on February 20th. It company reported earnings per share of $0.03 for the quarter, which beat the average projection of $0.05 by $0.02. On an average, analysts project that Teekay Tankers Ltd (NYSE:TNK) will post earnings per share of $0.16 for the current financial year.

Teekay Tankers Ltd (NYSE:TNK) is a global provider of marine-transportation to various global oil industries. Its business is ownership of crude oil & product tankers. Teekay Tankers Ltd (NYSE:TNK) is 100% owned subsidiary of the Teekay Corporation. Its operations are all managed by the Teekay Tankers Management Services Ltd., which is a subsidiary of Teekay Corporation, and which provides to it the commercial, technical and administrative as well as strategic services.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.