Recent notable positive changes in fundamentals have benefitted Teekay Tankers Ltd (NYSE: TNK): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Teekay Tankers Ltd (NYSE: TNK): positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TNK is expected to continue to be a major Value Builder.
Teekay Tankers has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Teekay Tankers has a good Appreciation Score of 82 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Recent Price Action
Teekay Tankers Ltd (NYSE: TNK) stock closed at $50.89 on 11/17/23 after a large increase of 2.1%. The stock has declined -3.0% during the last week but has been strong relative to the market over the last nine months.
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