Teekay Tankers Ltd. (NYSE:TNK) rose 2.9% during trading on Monday . The company traded as high as $3.17 and last traded at $3.17, with a volume of 531,409 shares changing hands. The stock had previously closed at $3.08.

TNK has been the topic of a number of recent analyst reports. Clarkson Capital reiterated a “buy” rating and set a $12.00 price target on shares of Teekay Tankers in a report on Thursday, May 19th. Seaport Global Securities began coverage on shares of Teekay Tankers in a research report on Wednesday, May 4th. They set a “buy” rating and a $6.00 price objective on the stock. Vetr downgraded shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating and set a $3.94 price objective on the stock. in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Teekay Tankers from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus downgraded shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research report on Saturday, May 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Teekay Tankers currently has a consensus rating of “Hold” and a consensus price target of $7.41.

The stock has a market cap of $495.15 million and a PE ratio of 2.53. The company’s 50 day moving average is $3.24 and its 200 day moving average is $3.93.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings data on Thursday, May 19th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $165 million for the quarter, compared to analysts’ expectations of $150.94 million. The firm’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Analysts anticipate that Teekay Tankers Ltd. will post $1.13 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Teekay Tankers by 100.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,756,624 shares of the company’s stock worth $18,966,000 after buying an additional 1,384,674 shares during the last quarter. WBI Investments Inc. purchased a new position in shares of Teekay Tankers during the fourth quarter worth about $5,096,000. UBS Oconnor LLC increased 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 worth $18,523,000 after buying an additional 449,292 shares during the last quarter. WCM Investment Management CA increased 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 worth $23,433,000 after buying an additional 771,691 shares during the last quarter. Finally, Wells Fargo & Company MN increased 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 worth $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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