4 Analysts Assess Teekay Tankers: What You Need To Know
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 evident, with the current average reflecting a 4.93% increase from the previous average price target of $71.00.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Teekay Tankers by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ken Hoexter | B of A Securities | Raises | Buy | $79.00 | $66.00 |
| Omar Nokta | Jefferies | Raises | Buy | $76.00 | $70.00 |
| Jonathan Chappell | Evercore ISI Group | Lowers | Outperform | $73.00 | $77.00 |
| Omar Nokta | Jefferies | Maintains | Buy | $70.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Teekay Tankers. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Teekay Tankers compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Teekay Tankers's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Teekay Tankers's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Teekay Tankers analyst ratings.
Get to Know Teekay Tankers Better
Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.
Unraveling the Financial Story of Teekay Tankers
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Teekay Tankers's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -14.71% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Teekay Tankers's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 35.65%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Teekay Tankers's ROE stands out, surpassing industry averages. With an impressive ROE of 7.58%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Teekay Tankers's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.13% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Teekay Tankers's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.