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Teekay Tankers

NYSE:TNK
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNK
NYSE
$312M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The last earnings update was 21 days ago. More info.


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TNK Share Price and Events
7 Day Returns
8.4%
NYSE:TNK
-0.3%
US Oil and Gas
0.1%
US Market
1 Year Returns
-7.2%
NYSE:TNK
-18.2%
US Oil and Gas
1.2%
US Market
TNK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teekay Tankers (TNK) 8.4% -16.5% 16.1% -7.2% -63.3% -73%
US Oil and Gas -0.3% -4.5% -8.2% -18.2% -7.6% -40.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • TNK outperformed the Oil and Gas industry which returned -18.2% over the past year.
  • TNK underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
TNK
Industry
5yr Volatility vs Market
Related Companies

TNK Value

 Is Teekay Tankers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Teekay Tankers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Teekay Tankers.

NYSE:TNK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:TNK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 21%) (355.23%))
2.653
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:TNK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teekay Tankers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:TNK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 177.00 Analyst x1 154.38
2020 201.15 Analyst x3 153.03
2021 158.50 Analyst x2 105.17
2022 133.47 Est @ -15.79% 77.25
2023 119.80 Est @ -10.24% 60.48
2024 112.20 Est @ -6.35% 49.40
2025 108.13 Est @ -3.62% 41.53
2026 106.28 Est @ -1.72% 35.60
2027 105.87 Est @ -0.38% 30.93
2028 106.45 Est @ 0.55% 27.13
Present value of next 10 years cash flows $734.90
NYSE:TNK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $106.45 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$917.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $917.44 ÷ (1 + 14.65%)10
$233.80
NYSE:TNK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $734.90 + $233.80
$968.70
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $968.70 / 268.91
$3.6
NYSE:TNK Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.60
Current discount Discount to share price of $1.16
= -1 x ($1.16 - $3.60) / $3.60
67.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Teekay Tankers is available for.
Intrinsic value
>50%
Share price is $1.16 vs Future cash flow value of $3.6
Current Discount Checks
For Teekay Tankers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Teekay Tankers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Teekay Tankers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Teekay Tankers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teekay Tankers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TNK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.08
NYSE:TNK Share Price ** NYSE (2019-06-18) in USD $1.16
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Teekay Tankers.

NYSE:TNK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TNK Share Price ÷ EPS (both in USD)

= 1.16 ÷ -0.08

-14.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay Tankers is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Teekay Tankers is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Teekay Tankers's expected growth come at a high price?
Raw Data
NYSE:TNK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-3.9%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.37x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Teekay Tankers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Teekay Tankers's assets?
Raw Data
NYSE:TNK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.57
NYSE:TNK Share Price * NYSE (2019-06-18) in USD $1.16
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:TNK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TNK Share Price ÷ Book Value per Share (both in USD)

= 1.16 ÷ 3.57

0.33x

* Primary Listing of Teekay Tankers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay Tankers is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Teekay Tankers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Teekay Tankers has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TNK Future Performance

 How is Teekay Tankers expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teekay Tankers expected to grow at an attractive rate?
  • Teekay Tankers's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Teekay Tankers's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Teekay Tankers's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TNK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TNK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -3.9%
NYSE:TNK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -7.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:TNK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TNK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 493 41 -91 3
2020-12-31 559 252 83 4
2019-12-31 489 139 -38 4
NYSE:TNK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 820 44 -21
2018-12-31 756 -7 -53
2018-09-30 617 7 -66
2018-06-30 532 26 -71
2018-03-31 469 59 -81
2017-12-31 431 80 -58
2017-09-30 454 94 -47
2017-06-30 472 161 -30
2017-03-31 509 167 33
2016-12-31 551 207 68
2016-09-30 606 238 115
2016-06-30 623 221 162

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teekay Tankers's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Teekay Tankers's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:TNK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Teekay Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TNK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.48 0.50 0.46 2.00
2020-12-31 0.33 0.38 0.25 3.00
2019-12-31 0.00 0.11 -0.14 3.00
NYSE:TNK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.08
2018-12-31 -0.20
2018-09-30 -0.26
2018-06-30 -0.31
2018-03-31 -0.39
2017-12-31 -0.31
2017-09-30 -0.27
2017-06-30 -0.17
2017-03-31 0.19
2016-12-31 0.40
2016-09-30 0.64
2016-06-30 0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Teekay Tankers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Teekay Tankers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Teekay Tankers has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TNK Past Performance

  How has Teekay Tankers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Teekay Tankers's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Teekay Tankers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Teekay Tankers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Teekay Tankers's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Teekay Tankers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Teekay Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TNK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 819.80 -20.95 39.16
2018-12-31 755.76 -52.55 39.78
2018-09-30 616.71 -65.93 35.94
2018-06-30 532.03 -70.83 34.82
2018-03-31 469.16 -80.89 33.78
2017-12-31 431.18 -58.02 32.88
2017-09-30 453.71 -47.06 30.89
2017-06-30 472.02 -29.92 31.48
2017-03-31 509.38 32.56 32.62
2016-12-31 550.54 67.82 33.20
2016-09-30 606.42 115.22 46.60
2016-06-30 623.27 161.67 42.70
2016-03-31 573.24 176.92 23.35
2015-12-31 525.48 180.92 30.40
2015-09-30 435.55 144.70 14.57
2015-06-30 362.62 109.35 13.15
2015-03-31 290.44 69.70 13.10
2014-12-31 267.08 65.51 25.13
2014-09-30 190.71 51.01 11.60
2014-06-30 176.72 30.56 12.03
2014-03-31 172.93 20.25 12.23
2013-12-31 172.34 -8.14 13.52
2013-09-30 164.85 -378.84 12.63
2013-06-30 168.57 -373.91 11.25
2013-03-31 176.11 -367.11 10.21
2012-12-31 185.93 -361.02 7.99
2012-09-30 188.80 -4.91 8.82
2012-06-30 195.30 -12.39 10.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Teekay Tankers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Teekay Tankers used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Teekay Tankers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Teekay Tankers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Teekay Tankers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TNK Health

 How is Teekay Tankers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Teekay Tankers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teekay Tankers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teekay Tankers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teekay Tankers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Teekay Tankers Company Filings, last reported 2 months ago.

NYSE:TNK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 960.05 1,108.08 77.90
2018-12-31 946.93 1,110.70 57.82
2018-09-30 935.21 1,103.79 57.73
2018-06-30 952.47 1,079.22 51.15
2018-03-31 979.74 1,092.47 50.28
2017-12-31 1,006.60 1,101.21 72.46
2017-09-30 862.43 797.01 60.81
2017-06-30 889.97 822.17 87.34
2017-03-31 932.42 846.02 47.62
2016-12-31 932.74 934.12 94.16
2016-09-30 910.67 973.32 59.24
2016-06-30 925.32 1,053.88 58.02
2016-03-31 916.83 1,095.04 68.37
2015-12-31 899.48 1,175.14 156.52
2015-09-30 838.28 1,035.75 80.58
2015-06-30 582.82 689.91 83.08
2015-03-31 505.02 729.22 40.51
2014-12-31 478.28 726.79 162.80
2014-09-30 326.02 659.73 46.37
2014-06-30 312.69 632.30 21.76
2014-03-31 310.66 789.16 27.14
2013-12-31 284.67 769.90 161.71
2013-09-30 272.67 772.92 143.26
2013-06-30 289.68 756.94 160.55
2013-03-31 297.81 763.70 145.11
2012-12-31 302.18 769.33 145.73
2012-09-30 660.38 769.51 143.88
2012-06-30 679.51 761.57 18.55
  • Teekay Tankers's level of debt (113.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (253.5% vs 113.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Teekay Tankers has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Teekay Tankers has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -55.6% per year.
X
Financial health checks
We assess Teekay Tankers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Teekay Tankers has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TNK Dividends

 What is Teekay Tankers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Teekay Tankers dividends. Estimated to be 4.57% next year.
If you bought $2,000 of Teekay Tankers shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Teekay Tankers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Teekay Tankers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:TNK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:TNK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.10 3.00
2020-12-31 0.06 4.00
2019-12-31 0.00 3.00
NYSE:TNK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.000 0.000
2019-05-23 0.000 0.000
2019-04-10 0.000 0.000
2019-02-21 0.000 0.000
2018-11-30 0.000 0.000
2018-11-15 0.000 0.000
2018-08-23 0.000 0.000
2018-08-02 0.000 0.000
2018-05-31 0.000 0.000
2018-05-17 0.000 0.000
2018-02-22 0.120 10.251
2017-11-09 0.120 8.817
2017-10-06 0.210 13.225
2017-04-26 0.210 12.326
2017-02-23 0.210 9.804
2015-12-14 0.480 15.659
2015-10-05 0.120 1.613
2015-07-06 0.120 1.784
2015-04-06 0.120 1.790
2015-01-02 0.120 2.118
2014-10-03 0.120 2.828
2014-07-03 0.120 2.954
2014-04-04 0.120 3.261
2014-02-20 0.120 2.939
2013-04-30 0.120 4.141
2013-02-21 0.120 4.633
2012-11-07 0.080 2.769
2012-08-09 0.530 13.822
2012-05-16 0.640 15.408
2012-04-13 0.720 14.121
2012-02-23 0.720 14.360
2012-02-07 0.440 10.417
2011-11-09 0.600 14.794
2011-08-10 0.840 15.605
2011-05-11 1.000 11.557
2011-04-12 1.240 12.864
2011-02-24 1.240 12.117
2011-02-23 0.880 8.163
2010-11-04 1.240 10.315
2010-08-11 1.360 10.974
2010-05-13 1.480 12.521
2010-04-05 1.400 11.364
2010-03-30 1.400 10.981
2010-03-04 1.400 12.333
2010-02-24 1.040 10.237
2009-11-12 0.600 6.844
2009-08-17 1.600 18.690

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Teekay Tankers has not reported any payouts.
  • Unable to verify if Teekay Tankers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Teekay Tankers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Teekay Tankers has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.2x coverage).
X
Income/ dividend checks
We assess Teekay Tankers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Teekay Tankers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teekay Tankers has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TNK Management

 What is the CEO of Teekay Tankers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Mackay
AGE 49
TENURE AS CEO 5 years
CEO Bio

Mr. Kevin J. Mackay has been the Chief Executive Officer and President of Teekay Tankers Ltd. at Teekay Corporation since June 20, 2014. Mr. Mackay joined Teekay in 2014. He has over 20 years experience in the marine energy transportation industry. Mr. Mackay joined Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he served as Head of the Global Marine Business unit for this industry-leading downstream company. He was responsible for all aspects of marine transportation, including chartering, operations, demurrage, strategy & freight trading, business improvement and marine risk management. He served a similar role as the General Manager of Commercial Marine at ConocoPhillips from 2009 to 2012 before the formation of Phillips 66. He has extensive international experience, having lived in Japan, Singapore, London and Houston. Mr. Mackay served as Regional Director for Americas of AET Tanker Holdings Sdn Bhd. He started his career working for Neptune Orient Lines in Singapore from 1991 to 1995. He then joined AET Inc. Limited (AET) (formerly American Eagle Tankers Inc.) in Houston, where he ultimately served as the Regional Director of Americas, Senior Vice President, responsible for AET's business in the Americas, including commercial and business development, operations, technical, finance and human resources. He served as a Member of ABS Society of American Bureau of Shipping Inc. since November 2007. Mr. Mackay holds a B.Sc. (Econ) Honours from the London School of Economics & Political Science.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Insufficient data for Kevin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Teekay Tankers management team in years:

2.3
Average Tenure
49.5
Average Age
  • The tenure for the Teekay Tankers management team is about average.
Management Team

Kevin Mackay

TITLE
President & CEO
AGE
49
TENURE
5 yrs

Stewart Andrade

TITLE
Chief Financial Officer
AGE
45
TENURE
1.5 yrs

Jim Basterfield

TITLE
Head of Human Resources

Ray McNamara

TITLE
Head of Ship Management

Kenneth Hvid

TITLE
Director
AGE
50
TENURE
2.3 yrs

Edith Robinson

TITLE
Corporate Secretary
AGE
53
Board of Directors Tenure

Average tenure and age of the Teekay Tankers board of directors in years:

8.7
Average Tenure
54
Average Age
  • The tenure for the Teekay Tankers board of directors is about average.
Board of Directors

Art Bensler

TITLE
Chairman of the Board
AGE
60
TENURE
6 yrs

Kenneth Hvid

TITLE
Director
AGE
50
TENURE
2.3 yrs

Rich du Moulin

TITLE
Director
AGE
71
TENURE
11.5 yrs

Dick Bronks

TITLE
Director
AGE
52
TENURE
11.4 yrs

Sai Chu

TITLE
Independent Director
AGE
51
TENURE
0.1 yrs

Bjorn Moller

TITLE
Director
AGE
60
TENURE
11.7 yrs

David Schellenberg

TITLE
Director
AGE
54
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Teekay Tankers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Teekay Tankers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TNK News

Simply Wall St News

What Does Teekay Tankers Ltd.'s (NYSE:TNK) Balance Sheet Tell Us About It?

At this constant level of debt, TNK's cash and short-term investments stands at US$58m , ready to be used for running the business. … NYSE:TNK Historical Debt, May 21st 2019 Is TNK’s debt level acceptable? … Next Steps: TNK’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Does The Teekay Tankers Ltd. (NYSE:TNK) Share Price Tend To Follow The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Could Teekay Tankers Ltd.'s (NYSE:TNK) Investor Composition Influence The Stock Price?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Teekay Tankers is a smaller company with a market capitalization of US$255m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Introducing Teekay Tankers, The Stock That Tanked 76%

(NYSE:TNK) for five whole years - as the share price tanked 76%. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Teekay Tankers Ltd. (NYSE:TNK): What Does Its Beta Value Mean For Your Portfolio?

(NYSE:TNK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

How Many Teekay Tankers Ltd (NYSE:TNK) Shares Do Institutions Own?

A look at the shareholders of Teekay Tankers Ltd (NYSE:TNK) can tell us which group is most powerful. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Teekay Tankers is not a large company by global standards.

Simply Wall St -

Is Teekay Tankers Ltd's (NYSE:TNK) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Teekay Tankers Ltd (NYSE:TNK), with a market cap of US$282m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Who Are Teekay Tankers Ltd's (NYSE:TNK) Major Shareholders?

Today, I will be analyzing Teekay Tankers Ltd’s (NYSE:TNK) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Is Teekay Tankers Ltd (NYSE:TNK) A Financially Sound Company?

Teekay Tankers Ltd (NYSE:TNK) is a small-cap stock with a market capitalization of US$351.81m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Oil and Gas industry,

Simply Wall St -

When Should You Buy Teekay Tankers Ltd (NYSE:TNK)?

Let’s take a look at Teekay Tankers’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … This is because Teekay Tankers’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

TNK Company Info

Description

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. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.

Details
Name: Teekay Tankers Ltd.
TNK
Exchange: NYSE
Founded: 2007
$311,932,887
268,907,662
Website: http://www.teekay.com/business/tankers
Address: Teekay Tankers Ltd.
Belvedere Building,
4th Floor,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TNK Class A Common Stock New York Stock Exchange US USD 13. Dec 2007
DB 3TK Class A Common Stock Deutsche Boerse AG DE EUR 13. Dec 2007
LSE 0EAQ Class A Common Stock London Stock Exchange GB USD 13. Dec 2007
BMV TNK N Class A Common Stock Bolsa Mexicana de Valores MX MXN 13. Dec 2007
Number of employees
Current staff
Staff numbers
2,100
Teekay Tankers employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:09
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.