Teekay Tankers (NYSE:TNK) announced its quarterly earnings results on Thursday. The shipping company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05, Morningstar.com reports. The company had revenue of $135.16 million for the quarter, compared to the consensus estimate of $141.14 million. Teekay Tankers had a negative return on equity of 5.74% and a negative net margin of 6.95%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS.
NYSE:TNK opened at $1.22 on Friday. The firm has a market capitalization of $341.07 million, a price-to-earnings ratio of -6.10, a price-to-earnings-growth ratio of 46.33 and a beta of 1.18. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.14 and a quick ratio of 1.14. Teekay Tankers has a 52 week low of $0.87 and a 52 week high of $1.42.
TNK has been the topic of several analyst reports. Zacks Investment Research raised Teekay Tankers from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research report on Wednesday, January 30th. DNB Markets raised Teekay Tankers from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Finally, JPMorgan Chase & Co. downgraded Teekay Tankers from a “neutral” rating to an “underweight” rating and set a $1.00 price target on the stock. in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Teekay Tankers presently has an average rating of “Hold” and a consensus target price of $1.11.
About Teekay Tankers
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products.
Further Reading: Debt-To-Equity Ratio
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