In a report released on August 13, Peter Christensen from Cleaves Securities maintained a Buy rating on Teekay Tankers (TNK – Research Report), with a price target of $79.00. The company’s shares opened today at $42.22.
Christensen covers the Energy sector, focusing on stocks such as Dorian LPG, Avance Gas Holding, and DHT Holdings. According to TipRanks, Christensen has an average return of 37.1% and a 71.14% success rate on recommended stocks.
Teekay Tankers has an analyst consensus of Moderate Buy, with a price target consensus of $58.33.
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The company has a one-year high of $46.29 and a one-year low of $21.98. Currently, Teekay Tankers has an average volume of 447.7K.
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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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