Teekay Tankers Ltd. (NYSE:TNK)’s share price traded up 7.9% during mid-day trading on Tuesday . The company traded as high as $3.17 and last traded at $3.14, with a volume of 1,227,328 shares trading hands. The stock had previously closed at $2.91.

TNK has been the subject of several research analyst reports. Seaport Global Securities initiated coverage on Teekay Tankers in a report on Wednesday, May 4th. They issued a “buy” rating and a $6.00 price objective for the company. Vetr downgraded Teekay Tankers from a “strong-buy” rating to a “buy” rating and set a $3.94 price objective for the company. in a report on Wednesday, June 8th. Bank of America Corp. downgraded Teekay Tankers from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $3.00 to $3.57 in a report on Friday, May 20th. DNB Markets downgraded Teekay Tankers from a “buy” rating to a “hold” rating in a report on Friday, May 20th. Finally, Zacks Investment Research raised Teekay Tankers from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.41.

The firm has a market capitalization of $496.71 million and a PE ratio of 2.54. The stock has a 50-day moving average of $3.27 and a 200-day moving average of $3.98.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.08. The business earned $165 million during the quarter, compared to the consensus estimate of $150.94 million. During the same quarter in the previous year, the company earned $0.34 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. On average, equities analysts expect that Teekay Tankers Ltd. will post $1.17 EPS for the current fiscal year.

A number of large investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Teekay Tankers by 100.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,756,624 shares of the company’s stock valued at $18,966,000 after buying an additional 1,384,674 shares in the last quarter. WBI Investments Inc. purchased a new position in shares of Teekay Tankers during the fourth quarter valued at approximately $5,096,000. UBS Oconnor LLC raised its position in shares of Teekay Tankers by 20.0% in the fourth quarter. UBS Oconnor LLC now owns 2,692,270 shares of the company’s stock valued at $18,523,000 after buying an additional 449,292 shares during the last quarter. WCM Investment Management CA raised its position in shares of Teekay Tankers by 29.3% in the fourth quarter. WCM Investment Management CA now owns 3,405,938 shares of the company’s stock valued at $23,433,000 after buying an additional 771,691 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Teekay Tankers by 28.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,323,732 shares of the company’s stock valued at $9,107,000 after buying an additional 294,393 shares during the last quarter.

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company owns around 11 Aframax Tankers, three medium range product tankers, 10 Suezmax tankers and three long range 2 product tankers. The Company’s chartered-in vessels include eight Aframax Tankers and four long range 2 product tankers.

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