Drewry Financial analyst Nikesh Shukla reiterated a Buy rating on Teekay Tankers (TNK – Research Report) on June 2 and set a price target of $49.00. The company’s shares opened today at $35.60.
According to TipRanks, Shukla is ranked #1180 out of 8336 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teekay Tankers with a $58.60 average price target.
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The company has a one-year high of $46.55 and a one-year low of $14.43. Currently, Teekay Tankers has an average volume of 514K.
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Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Conventional Tanker and Ship-to-Ship (STS) Transfer segment. The Conventional Tanker segment includes the operations of all the tankers, including those employed on full service lightering contracts. The STS Transfer segment offers lightering support services provided to conventional tanker segment as part of the full service lightering operations. The company was founded in October 2007 and is headquartered in Hamilton, Bermuda.
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