Teekay Tankers Ltd. (NYSE:TNK) – Seaport Global Securities upped their Q1 2017 earnings per share estimates for shares of Teekay Tankers in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.16. Seaport Global Securities also issued estimates for Teekay Tankers’ Q2 2017 earnings at $0.02 EPS, Q3 2017 earnings at $0.02 EPS and FY2017 earnings at $0.30 EPS.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. Teekay Tankers had a return on equity of 13.73% and a net margin of 18.95%. The business had revenue of $104.60 million for the quarter, compared to analyst estimates of $93.25 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 25.1% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Q1 2017 Earnings Estimate for Teekay Tankers Ltd. Issued By Seaport Global Securities (TNK)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The original version of this report can be accessed at http://www.dailypolitical.com/2017/01/14/q1-2017-earnings-estimate-for-teekay-tankers-ltd-issued-by-seaport-global-securities-tnk.html.

TNK has been the subject of a number of other research reports. Zacks Investment Research raised shares of Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Vetr downgraded shares of Teekay Tankers from a “strong-buy” rating to a “buy” rating and set a $3.05 target price for the company. in a research note on Thursday, October 6th. Finally, Clarkson Capital downgraded shares of Teekay Tankers from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $3.00 in a research note on Monday, October 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.45.

Shares of Teekay Tankers (NYSE:TNK) opened at 2.28 on Friday. The stock has a 50 day moving average of $2.40 and a 200-day moving average of $2.62. The company has a market capitalization of $356.36 million, a PE ratio of 3.30 and a beta of 2.59. Teekay Tankers has a one year low of $1.90 and a one year high of $4.81.

ILLEGAL ACTIVITY WARNING: “Q1 2017 Earnings Estimate for Teekay Tankers Ltd. Issued By Seaport Global Securities (TNK)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The original version of this report can be accessed at http://www.dailypolitical.com/2017/01/14/q1-2017-earnings-estimate-for-teekay-tankers-ltd-issued-by-seaport-global-securities-tnk.html.

Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its position in shares of Teekay Tankers by 0.5% in the third quarter. New York State Common Retirement Fund now owns 121,000 shares of the company’s stock worth $306,000 after buying an additional 600 shares in the last quarter. Muhlenkamp & Co. Inc. boosted its position in shares of Teekay Tankers by 3.3% in the third quarter. Muhlenkamp & Co. Inc. now owns 50,695 shares of the company’s stock worth $128,000 after buying an additional 1,620 shares in the last quarter. Loews Corp boosted its position in shares of Teekay Tankers by 3.5% in the second quarter. Loews Corp now owns 61,790 shares of the company’s stock worth $184,000 after buying an additional 2,100 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Teekay Tankers by 0.9% in the third quarter. California State Teachers Retirement System now owns 246,629 shares of the company’s stock worth $624,000 after buying an additional 2,300 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Teekay Tankers by 2.1% in the third quarter. Rhumbline Advisers now owns 125,132 shares of the company’s stock worth $317,000 after buying an additional 2,540 shares in the last quarter. 46.96% of the stock is owned by hedge funds and other institutional investors.

Teekay Tankers Company Profile

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 has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

5 Day Chart for NYSE:TNK

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