Equities analysts expect Teekay Tankers Ltd. (NYSE:TNK) to post earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Teekay Tankers’ earnings, with estimates ranging from ($0.08) to $0.14. Teekay Tankers posted earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year over year growth rate of 162.5%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, May 23rd.

On average, analysts expect that Teekay Tankers will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.17) to $0.15. For the next financial year, analysts expect that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.09 to $0.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Teekay Tankers.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Thursday, February 21st. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The firm had revenue of $129.10 million for the quarter, compared to the consensus estimate of $116.66 million. Teekay Tankers had a negative return on equity of 5.74% and a negative net margin of 6.95%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) EPS.

Several research firms recently issued reports on TNK. Zacks Investment Research downgraded Teekay Tankers from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. DNB Markets upgraded Teekay Tankers from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Finally, JPMorgan Chase & Co. downgraded Teekay Tankers from a “neutral” rating to an “underweight” rating and set a $1.00 price objective on the stock. in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $1.11.

Shares of TNK stock traded up $0.15 on Wednesday, hitting $1.40. The stock had a trading volume of 4,833,800 shares, compared to its average volume of 1,410,490. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $322.27 million, a PE ratio of -7.00 and a beta of 1.18. Teekay Tankers has a 1 year low of $0.87 and a 1 year high of $1.41.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Teekay Tankers by 1.0% during the 4th quarter. BlackRock Inc. now owns 16,936,909 shares of the shipping company’s stock valued at $15,716,000 after acquiring an additional 165,510 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Teekay Tankers by 22.4% during the 1st quarter. Renaissance Technologies LLC now owns 4,798,212 shares of the shipping company’s stock valued at $4,655,000 after buying an additional 878,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Teekay Tankers during the 4th quarter valued at $1,791,000. Marshall Wace LLP grew its holdings in Teekay Tankers by 8.8% during the 1st quarter. Marshall Wace LLP now owns 964,663 shares of the shipping company’s stock valued at $936,000 after buying an additional 77,643 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Teekay Tankers by 18.7% during the 4th quarter. Geode Capital Management LLC now owns 668,939 shares of the shipping company’s stock valued at $620,000 after buying an additional 105,398 shares during the last quarter. 24.69% of the stock is owned by institutional investors and hedge funds.

Teekay Tankers Company Profile

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers.

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Earnings History and Estimates for Teekay Tankers (NYSE:TNK)

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