Teekay Tankers (TNK) Getting Somewhat Favorable Media Coverage, Accern Reports
News coverage about Teekay Tankers (NYSE:TNK) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 47.1525262008067 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Teekay Tankers Ltd. (TNK) Standout Insider Ownership of 31.90% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Teekay Tankers Ltd. (TNK) Ex-Dividend Date Scheduled for November 17, 2017 – Nasdaq (nasdaq.com)
- Shareholders of Teekay Tankers and Tanker Investments Approve Proposals to Permit Merger – GlobeNewswire (press release) (globenewswire.com)
- Teekay Tankers Highlights Positive Industry Developments (finance.yahoo.com)
- Teekay Tankers Ltd (TNK) Trending Activity with Technical Depiction – ExpertGazette (expertgazette.com)
Several brokerages recently commented on TNK. TheStreet downgraded shares of Teekay Tankers from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Bank of America Corporation dropped their price objective on shares of Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating on the stock in a research note on Friday, November 10th. ValuEngine lowered shares of Teekay Tankers from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Teekay Tankers from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has an average rating of “Sell” and an average target price of $1.60.
Teekay Tankers (TNK) traded up $0.03 during trading on Friday, reaching $1.43. 773,976 shares of the company’s stock traded hands, compared to its average volume of 893,120. The company has a current ratio of 0.67, a quick ratio of 0.80 and a debt-to-equity ratio of 0.73. Teekay Tankers has a 1 year low of $1.37 and a 1 year high of $2.78.
Teekay Tankers (NYSE:TNK) last announced its quarterly earnings results on Thursday, November 9th. The shipping company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Teekay Tankers had a negative net margin of 11.43% and a negative return on equity of 0.99%. The company had revenue of $91.20 million for the quarter, compared to analyst estimates of $68.67 million. During the same quarter in the prior year, the business posted ($0.01) EPS. Teekay Tankers’s quarterly revenue was down 16.8% on a year-over-year basis. equities research analysts forecast that Teekay Tankers will post -0.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.12 annualized dividend and a dividend yield of 8.39%. Teekay Tankers’s dividend payout ratio (DPR) is -42.86%.
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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.
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