How Analysts Rated Teekay Tankers Ltd. (NYSE:TNK) Last Week?

April 17, 2018 - By Peter Erickson

Teekay Tankers Ltd. (NYSE:TNK) LogoInvestors sentiment increased to 1.56 in Q4 2017. Its up 0.60, from 0.96 in 2017Q3. It is positive, as 17 investors sold Teekay Tankers Ltd. shares while 22 reduced holdings. 29 funds opened positions while 32 raised stakes. 84.25 million shares or 66.87% more from 50.49 million shares in 2017Q3 were reported.
Cna owns 0.14% invested in Teekay Tankers Ltd. (NYSE:TNK) for 418,650 shares. Credit Suisse Ag has invested 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Morgan Stanley has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Chicago Equity Prtnrs Ltd Llc holds 0.01% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 135,005 shares. Mangrove Partners holds 0.02% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 94,878 shares. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Rhumbline Advisers invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Ny State Common Retirement Fund has 202,100 shares for 0% of their portfolio. Parametric Lc holds 0% or 179,315 shares. Ameritas Invest Prtn invested in 15,129 shares or 0% of the stock. Barclays Public Ltd Company holds 32,753 shares. The Isle Of Man-based Oceanic Invest Ltd has invested 8.14% in Teekay Tankers Ltd. (NYSE:TNK). 61,045 are held by Bnp Paribas Arbitrage Sa. Moreover, Amalgamated Bancshares has 0% invested in Teekay Tankers Ltd. (NYSE:TNK). Metropolitan Life Ins reported 0% stake.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Coverage

Among 4 analysts covering Teekay Tankers Ltd (NYSE:TNK), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Teekay Tankers Ltd had 4 analyst reports since November 10, 2017 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Thursday, January 4. As per Monday, February 26, the company rating was upgraded by UBS. The firm has “Underperform” rating given on Friday, November 10 by Bank of America. On Monday, February 12 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Below is a list of Teekay Tankers Ltd. (NYSE:TNK) latest ratings and price target changes.

26/02/2018 Broker: UBS Rating: Hold New Target: $1.3 Upgrade
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2 New Target: $1.3 Maintain
04/01/2018 Broker: Seaport Global Rating: Buy New Target: $2.5 Maintain
10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $1.6 New Target: $1.3 Maintain

The stock increased 1.22% or $0.014 during the last trading session, reaching $1.144. About 628,687 shares traded. Teekay Tankers Ltd. (NYSE:TNK) has declined 39.70% since April 17, 2017 and is downtrending. It has underperformed by 51.25% the S&P500.

Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has market cap of $306.77 million. The firm also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 43 owned conventional tankers, 7 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 7 ship-to-ship support vessels.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Chart

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