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

Several equities research analysts recently issued reports on TNK shares. Clarkson Capital reissued a “buy” rating and issued a $12.00 target price on shares of Teekay Tankers in a research report on Thursday, May 19th. Seaport Global Securities started coverage on shares of Teekay Tankers in a research report on Wednesday, May 4th. They issued a “buy” rating and a $6.00 target price on the stock. Vetr cut shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating and set a $3.94 target price on the stock. in a research report on Wednesday, June 8th. Zacks Investment Research raised shares of Teekay Tankers from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus cut 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.41.

The stock’s 50 day moving average price is $3.23 and its 200-day moving average price is $3.86. The stock has a market cap of $482.65 million and a P/E ratio of 2.47.

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 Thomson Reuters’ consensus estimate of $0.37 by $0.08. The business earned $165 million during the quarter, compared to analysts’ expectations of $150.94 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. Equities research analysts forecast that Teekay Tankers Ltd. will post $1.13 EPS for the current fiscal year.

Several institutional investors have modified their holdings of the stock. 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 in 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 in the last quarter. WBI Investments Inc. acquired a new position in shares of Teekay Tankers during the fourth quarter worth $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 in 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 in 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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