Teekay Tankers Ltd (NYSE: TNK) has reported E.P.S. of $3.11 for its second fiscal quarter (ending June 30) versus $4.43 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $12.98 compared to $15.70 a year ago.
Recent Price Action
Teekay Tankers Ltd (NYSE: TNK) stock closed at $61.65 on 8/1/24 after a large decline of -5.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 269% of normal. The stock has declined -4.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TNK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Teekay Tankers has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Teekay Tankers has a very high Appreciation Score of 89 and a very high Power Rating of 93, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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