In a report released on October 19, Peter Christensen from Cleaves Securities maintained a Buy rating on Teekay Tankers (TNK – Research Report), with a price target of $63.00. The company’s shares closed last Friday at $42.72.
Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker. According to TipRanks, Christensen has an average return of 31.1% and a 70.16% success rate on recommended stocks.
Currently, the analyst consensus on Teekay Tankers is a Moderate Buy with an average price target of $55.00.
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TNK market cap is currently $1.25B and has a P/E ratio of 2.75.
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Teekay Tankers (TNK) Company Description:
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.
