Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore Ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management, liquefied natural gas terminal management, consultancy, procurement, equipment rental, and other related services; and lightering support services, including, full-service lightering and other lightering support services. As of December 31, 2020, the company owned and leased 52 double-hull oil tankers, and 9 time chartered-in tankers. Its vessels are employed through long-term, fixed-rate time-charter contracts and spot tanker market. The company was founded in 2007 and is based in Hamilton, Canada.
IPO Year: 2007
Exchange: NYSE
Website: teekay.com/business/tankers
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $51.00 → $46.00 | Neutral → Underperform | BofA Securities |
| 11/1/2024 | Buy → Neutral | BofA Securities | |
| 1/19/2024 | $56.00 → $72.00 | Neutral → Buy | BofA Securities |
| 7/21/2022 | $25.00 | Buy | Jefferies |
| 4/27/2022 | $18.00 → $19.00 | Buy | Jefferies |
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group: Teekay Tankers' President and Chief Executive Officer, Kevin Mackay, and Chief Financial Officer, Stewart Andrade, will transition out of the organization by August 31, 2024.Kenneth Hvid, Teekay's President and Chief Executive Officer and Teekay Tankers' Chairman, will take on the added role of Teekay Tankers' President and Chief Executive Officer (CEO). Brody Speers, Teekay'
HAMILTON, Bermuda, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced Vince Lok's retirement as Teekay's Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the Company, including the past 16 years as Teekay's Group CFO. Upon Mr. Lok's retirement, Mr. Brody Speers, Vice President, Finance & Treasurer, will be assuming Mr. Lok's responsibilities, along with continuing to oversee Teekay's Finance, Accounting and Tax teams. Mr. Lok has agreed to stay on as an advisor through the end of 2023 to help ensure a smooth transition as well as support the Company's strategic initiatives. Kenne
BofA Securities downgraded Teekay Tankers from Neutral to Underperform and set a new price target of $46.00 from $51.00 previously
BofA Securities downgraded Teekay Tankers from Buy to Neutral
BofA Securities upgraded Teekay Tankers from Neutral to Buy and set a new price target of $72.00 from $56.00 previously
Jefferies initiated coverage of Teekay Tankers with a rating of Buy and set a new price target of $25.00
Jefferies resumed coverage of Teekay Tankers with a rating of Buy and set a new price target of $19.00 from $18.00 previously
DNB Markets downgraded Teekay Tankers from Buy to Hold and set a new price target of $15.00
DNB Markets downgraded Teekay Tankers from Buy to Hold
HC Wainwright & Co. reiterated coverage of Teekay Tankers with a rating of Buy and set a new price target of $22.00
Jefferies reiterated coverage of Teekay Tankers with a rating of Buy and set a new price target of $17.00 from $20.00 previously
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 42 double-hull tankers (including 24 Suezmax tankers and 18 Aframax / LR2 tankers), and has six time
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here. Special Dividend The Company's Board of Directors declares a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024 to all Teekay shareholders of record on December 4, 2024. New Share Repurchase Program The Company's Board of Directors has authorized a new share repurchase program for the repurchase of up to $40 million of
HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024. Teekay Group plans to host a conference call on Thursday, October 31, 2024 at 11:00 a.m. (ET) to discuss its results for the third quarter of 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 239-9838, or 1(647) 794-4605 if outside of North America, and quoting conference ID code 6243411.B
HAMILTON, Bermuda, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has nearly completed the previously-announced $25 million share repurchase program, repurchasing 3.25 million common shares at an average price of $7.49 per share. Since August 2022, Teekay has repurchased a total of 14.97 million common shares, or 14.7% of the outstanding common shares immediately prior to commencement of the initial share repurchase plan announced in August 2022, for a total cost of $84.4 million, representing an average repurchase price of $5.64 per share. In addition, the Company's Board of Directors has authorized a new share rep
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group: Teekay Tankers' President and Chief Executive Officer, Kevin Mackay, and Chief Financial Officer, Stewart Andrade, will transition out of the organization by August 31, 2024.Kenneth Hvid, Teekay's President and Chief Executive Officer and Teekay Tankers' Chairman, will take on the added role of Teekay Tankers' President and Chief Executive Officer (CEO). Brody Speers, Teekay'
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2024. The full earnings release is available on the Company's website here. About Teekay Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE:TNK), one of the world's largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate approximately 65 conventional tankers and other marine assets, including vessels opera
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 43 double-hull tankers (including 25 Suezmax tankers and 18 Aframax / LR2 tankers), and has eight time chartered-in tankers. Teeka
HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024. Teekay Tankers plans to host a conference call on Thursday, August 1, 2024 at 11:00 a.m. (ET) to discuss its results for the second quarter of 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 4650117.By accessing the webcast, which will be
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2024. The full earnings release is available on the Company's website here. About Teekay Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (NYSE:TNK), one of the world's leading owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate approximately 64 conventional tankers and other marine assets, including vessels opera
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended March 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended March 31, 2024. In addition, the Board of Directors has declared a special cash dividend of $2.00 per share. These cash dividends are payable on May 31, 2024 to all shareholders of record as at May 21, 2024. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 42 double-hull tankers (including 25 S
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
144 - TEEKAY TANKERS LTD. (0001419945) (Subject)
6-K - TEEKAY TANKERS LTD. (0001419945) (Filer)
6-K - TEEKAY TANKERS LTD. (0001419945) (Filer)
S-8 - TEEKAY TANKERS LTD. (0001419945) (Filer)
8-A12B/A - TEEKAY TANKERS LTD. (0001419945) (Filer)
SC 13D/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13D/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13D/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13D/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
SC 13G/A - TEEKAY TANKERS LTD. (0001419945) (Subject)
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 42 double-hull tankers (including 24 Suezmax tankers and 18 Aframax / LR2 tankers), and has six time
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here. Special Dividend The Company's Board of Directors declares a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024 to all Teekay shareholders of record on December 4, 2024. New Share Repurchase Program The Company's Board of Directors has authorized a new share repurchase program for the repurchase of up to $40 million of
HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024. Teekay Group plans to host a conference call on Thursday, October 31, 2024 at 11:00 a.m. (ET) to discuss its results for the third quarter of 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 239-9838, or 1(647) 794-4605 if outside of North America, and quoting conference ID code 6243411.B
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 43 double-hull tankers (including 25 Suezmax tankers and 18 Aframax / LR2 tankers), and has eight time chartered-in tankers. Teeka
HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024. Teekay Tankers plans to host a conference call on Thursday, August 1, 2024 at 11:00 a.m. (ET) to discuss its results for the second quarter of 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 289-0438, or 1(647) 484-0478 if outside of North America, and quoting conference ID code 4650117.By accessing the webcast, which will be
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended March 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended March 31, 2024. In addition, the Board of Directors has declared a special cash dividend of $2.00 per share. These cash dividends are payable on May 31, 2024 to all shareholders of record as at May 21, 2024. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 42 double-hull tankers (including 25 S
HAMILTON, Bermuda, May 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quarter of 2024 before market open on Thursday, May 9, 2024. Teekay Tankers plans to host a conference call on Thursday, May 9, 2024 at 11:00 a.m. (ET) to discuss its results for the first quarter of 2024. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 239-9838, or 1(323) 794-2551 if outside of North America, and quoting conference ID code 9558829.By accessing the webcast, which will be available
HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter and year ended December 31, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2023. The cash dividend is payable on March 15, 2024 to all shareholders of record as at March 4, 2024. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 42 double-hull tankers (including 25 Suezmax tankers and 17 Aframax / LR2 tankers), and has eight time chartered-in
HAMILTON, Bermuda, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2023 before market open on Thursday, February 22, 2024. Teekay Tankers plans to host a conference call on Thursday, February 22, 2024 at 11:00 a.m. (ET) to discuss its results for the fourth quarter and annual 2023. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: By dialing 1(800) 239-9838 or (647) 794-4605 if outside of North America, and quoting conference ID code 2852672.By accessing the web
HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today reported the Company's results for the quarter ended September 30, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2023. The cash dividend is payable on November 27, 2023 to all shareholders of record as at November 14, 2023. The full earnings release and earnings presentation are available on the Company's website here. About Teekay Tankers Teekay Tankers has a fleet of 44 double-hull tankers (including 25 Suezmax tankers and 19 Aframax / LR2 tankers), and has eight time chartered-in
Evercore ISI Group analyst Jonathan Chappell maintains Teekay Tankers (NYSE:TNK) with a Outperform and raises the price target from $84 to $85.
As of May 22, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. NextDecade Corporation (NASDAQ:NEXT) On May 20, Abu Dhabi Oil & Gas giant ADNOC announced it secur
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Teekay Tankers (NYSE:TNK) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 Analysts have recently evaluated Teekay Tankers and provided 12-month price targets. The average target is $74.5, accompanied by a high estimate of $79.00 and a low estimate of $70.00. This upward trend is
B of A Securities analyst Ken Hoexter maintains Teekay Tankers (NYSE:TNK) with a Buy and raises the price target from $66 to $79.
U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday. Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) rose sharply during Thursday's session following upbeat earnings. Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from Benzinga Pro. Spectrum Brands shares surged 12.4% to $95.00 on Thursday. Here are some other big stocks recording gains in today's session. Sezzle Inc. (NASDAQ:SEZL) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-qu
Jefferies analyst Omar Nokta maintains Teekay Tankers (NYSE:TNK) with a Buy and raises the price target from $70 to $76.
Teekay Tankers (NYSE:TNK) reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3.73 by 3.49 percent. This is a 24.76 percent decrease over earnings of $5.13 per share from the same period last year. The company reported quarterly sales of $338.343 million which beat the analyst consensus estimate of $221.550 million by 52.72 percent. This is a 14.27 percent decrease over sales of $394.657 million the same period last year.
Jefferies analyst Omar Nokta reiterates Teekay Tankers (NYSE:TNK) with a Buy and maintains $70 price target.