Teekay Tankers Ltd.

NYSE:TNK Stock Report

Market Cap: US$2.7b

Teekay Tankers Future Growth

Future criteria checks 0/6

Teekay Tankers's revenue and earnings are forecast to decline at 20.5% and 18.6% per annum respectively. EPS is expected to decline by 19.8% per annum. Return on equity is forecast to be 10.6% in 3 years.

Key information

-18.6%

Earnings growth rate

-19.77%

EPS growth rate

Oil and Gas earnings growth11.3%
Revenue growth rate-20.5%
Future return on equity10.60%
Analyst coverage

Low

Last updated20 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 13

TNK: Sustained Winter Margins Will Balance Cycle Risks And Governance Concerns

Teekay Tankers' updated analyst price target has shifted from $67.80 to $86.60, reflecting changes in fair value assumptions and a mix of Street views that highlight both improved margin expectations and ongoing concerns about tanker rates, parent company influence, orderbook growth, and sanction risks. Analyst Commentary Recent Street research on Teekay Tankers highlights a split view on how much upside remains at current levels, with some focusing on earnings execution and others focused on risks tied to the tanker cycle and corporate structure.
Analysis Article • Apr 29

Analyst Forecasts For Teekay Tankers Ltd. (NYSE:TNK) Are Surging Higher

Celebrations may be in order for Teekay Tankers Ltd. ( NYSE:TNK ) shareholders, with the analysts delivering a...
Narrative Update • Apr 28

TNK: Future Earnings Power Will Rely On Resilient Profit Margins

Teekay Tankers' analyst fair value estimate has increased from $84.00 to $96.00. This reflects updated views from analysts who have raised price targets while considering higher assumed future P/E multiples, slightly softer revenue expectations, firmer profit margins, and mixed ratings commentary.
Narrative Update • Apr 14

TNK: Future Earnings Power Will Outweigh Tanker Rate And Sanction Risks

Teekay Tankers' updated analyst price target now sits at $84, reflecting research in which some analysts lifted targets into a range of $69 to $84, while balancing views on earnings power with concerns about tanker rates, parent influence, new vessel orders, and possible changes to sanctions. Analyst Commentary Recent research around Teekay Tankers highlights a split view, but the price target changes show that some bullish analysts see room for the shares to justify higher valuations as the company executes on its earnings potential.
Narrative Update • Mar 30

TNK: Fair Value View Balances Peak Rate Risks And Governance Concerns

Analyst price targets for Teekay Tankers have recently shifted higher into a $69 to $84 range, as analysts factor in updated views on tanker rates, parent company risks, orderbook trends, and the potential impact of any sanctions unwind. Analyst Commentary Recent Street research on Teekay Tankers has moved price targets into a $69 to $84 band, but the tone is not uniformly positive.
Narrative Update • Mar 16

TNK: Winter Rate Sustainability And Governance Risks Will Shape Earnings Multiple

Teekay Tankers' fair value estimate is updated from $60 to $69, reflecting analysts' higher price targets alongside mixed views that balance stronger margins and a lower forward P/E with concerns about peak tanker rates, parent company influence, a growing orderbook, and possible sanctions unwinds. Analyst Commentary Recent Street research on Teekay Tankers shows a split view, with some firms lifting price targets while others turn more cautious on the stock and its risk profile.
Narrative Update • Mar 02

TNK: Future Earnings Power And Rate Risks Will Support Fair Pricing

The analyst fair value estimate for Teekay Tankers has been raised from $76 to $84. This change reflects updated Street price targets, mixed rating moves, and refreshed assumptions on revenue trends, margins, and future P/E expectations that analysts describe in recent research.
Seeking Alpha • Feb 24

Teekay Tankers: A Strong Q4-2025 And An Even Stronger Q1-2026 In Sight

Summary Teekay Tankers delivered robust Q4-2025 results, with net income of $120 million and strong spot day rate growth across Suezmax and Aframax/LR2 classes. TNK's balance sheet is exceptionally strong, with $853 million in cash and short-term investments, no long-term debt, and total liquidity of approximately $1.0 billion. Favorable market dynamics—high seaborne oil trade, sanctions-driven inefficiencies, and strong Q1-2026 spot bookings—support continued earnings strength. I maintain a BUY rating on TNK, viewing the moderate premium to book value as justified by earnings power and financial resilience. Read the full article on Seeking Alpha
Narrative Update • Feb 16

TNK: Winter Rate Strength Will Support Steady Earnings Power And Fair Pricing

Analysts have lifted their fair value estimate for Teekay Tankers from $69.00 to $76.00 as they update their models for revised revenue contraction, slightly higher discount assumptions, and a lower future P/E multiple. Valuation Changes Fair Value: raised from $69.00 to $76.00, representing a moderate uplift in the updated model output.
Narrative Update • Feb 02

TNK: Winter Rate Strength Will Support Balanced Outlook For Revenue And Margins

Analysts have lifted their price target on Teekay Tankers to US$67.80 from US$64.33, reflecting updated assumptions around revenue contraction, profit margins and a modestly higher future P/E multiple. Valuation Changes Fair Value Estimate: revised up from US$64.33 to US$67.80, representing a modest uplift in the assessed share value.
Narrative Update • Jan 19

TNK: Winter Rate Strength Will Support Higher Earnings Power

Narrative Update on Teekay Tankers Analysts have raised their blended price target for Teekay Tankers by about $7 to reflect updated winter tanker market expectations and firm rate conditions, while still flagging risks from potential capacity returning if sanctions ease and Red Sea routes reopen. Analyst Commentary Recent Street research on Teekay Tankers points to a more constructive tone ahead of the winter season, with bullish analysts adjusting their price targets higher as they factor in firm rate conditions and a tanker market setup they view as promising.
Narrative Update • Jan 05

TNK: Winter Tanker Market Setup Will Shape Earnings Multiple Outlook

Narrative Update Analysts have lifted their fair value estimate for Teekay Tankers from $41.00 to $60.00, pointing to a higher assumed future P/E multiple and a tanker market setup that they view as promising heading into the winter season, even as some remain cautious about risks from potential new capacity if sanctions are lifted and the Red Sea fully reopens. Analyst Commentary Recent Street research on Teekay Tankers points to a split view.
Narrative Update • Dec 16

TNK Winter Tanker Market Strength Will Drive Higher Earnings Power

Narrative Update on Teekay Tankers The analyst price target for Teekay Tankers has been increased by about $6 to approximately $69, as analysts point to a promising winter rate setup and still elevated tanker markets, despite lingering concerns over future capacity and trade route normalization. Analyst Commentary Bullish analysts have been revising their models higher for Teekay Tankers, citing a constructive backdrop for crude and product tanker rates into the winter season.
Narrative Update • Dec 02

TNK: Elevated Winter Rates Will Drive Optimistic Market Conditions Ahead

Analysts recently increased their price targets for Teekay Tankers, with notable adjustments including a $7 rise at Evercore ISI and a $14 increase at BofA. They cited promising market conditions ahead of the winter season and robust tanker rates as key drivers for their more optimistic outlooks.
Narrative Update • Nov 18

TNK: Winter Market Strength and Capacity Risks Will Shape Performance Outlook

Analysts have increased their price target for Teekay Tankers from approximately $63.50 to $64.33. They cite a favorable tanker market outlook for winter and improved profit margins as key factors behind this upward revision.
Analysis Article • Nov 13

Teekay Tankers Ltd. (NYSE:TNK) Shares Fly 25% But Investors Aren't Buying For Growth

Despite an already strong run, Teekay Tankers Ltd. ( NYSE:TNK ) shares have been powering on, with a gain of 25% in the...
Narrative Update • Nov 04

TNK: Winter Tanker Rates Will Sustain Returns Amid Fleet Expansion Risks

Analysts have raised their price target for Teekay Tankers from approximately $55.83 to $63.50. They cite a promising tanker market setup heading into winter and expectations of continued elevated rates, despite some longer-term concerns.
Narrative Update • Oct 20

Global Oil Trade Will Drive Fleet Renewal Amid Market Risks

Analysts have raised their price target for Teekay Tankers from $53.33 to $55.83, citing improved profit margin outlook and moderating declines in revenue growth as key drivers for the increase. Valuation Changes Fair Value has increased from $53.33 to $55.83, reflecting a modest upward adjustment.
Analysis Article • Sep 16

Teekay Tankers Ltd. (NYSE:TNK) Held Back By Insufficient Growth Even After Shares Climb 26%

Teekay Tankers Ltd. ( NYSE:TNK ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Aug 26

Some Investors May Be Worried About Teekay Tankers' (NYSE:TNK) Returns On Capital

What financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Analysis Article • May 09

Teekay Tankers Ltd.'s (NYSE:TNK) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Teekay Tankers Ltd. ( NYSE:TNK ) shares have had a really impressive month, gaining 27% after a shaky period...
Analysis Article • May 03

Returns Are Gaining Momentum At Teekay Tankers (NYSE:TNK)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Seeking Alpha • Apr 22

Teekay Tankers Is Cheap With Cash Equivalent To 39% Of Its Capitalization

Summary Teekay Tankers presents a compelling buy opportunity due to a ~30% drawdown, strong net cash position, and favorable valuation metrics. TNK's valuation is attractive with a Price to Book ratio of ~0.78x, indicating potential undervaluation despite market concerns over asset writedowns. The company boasts a robust balance sheet with ~$530 million in cash and minimal debt, enabling potential share repurchases and dividend boosts. Tariffs could benefit TNK due to the rerouting of tankers to more inefficient routes, increasing demand for tankers. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

Teekay Is Not A 'Dhando' Bet At Current Prices

Summary Teekay Tankers' strong balance sheet and net cash position provides investors comfort for potential turbulent headwinds to come. Some might take further comfort in the current scrap value of the fleet; however, I would urge against this. The long-term cash-flow and profitability capacity for the company going forward is likely not anything like what has been witnessed over the past couple of years. I generally require an "obvious" thesis for a company like Teekay, and I just don't see a credible one in the current environment. Read the full article on Seeking Alpha
Analysis Article • Feb 26

There Might Be More To Teekay Tankers' (NYSE:TNK) Story Than Just Weak Earnings

Teekay Tankers Ltd. ( NYSE:TNK ) recently posted soft earnings but shareholders didn't react strongly. Our analysis...
Analysis Article • Jan 15

There's No Escaping Teekay Tankers Ltd.'s (NYSE:TNK) Muted Earnings Despite A 27% Share Price Rise

Those holding Teekay Tankers Ltd. ( NYSE:TNK ) shares would be relieved that the share price has rebounded 27% in the...
Seeking Alpha • Dec 16

Teekay Tankers: Watch Out For Geopolitics In 2025

Summary Valuation is often meaningless for cyclical resource equities like Teekay Tankers due to their lack of pricing power and dependency on tanker rates. TNK's stock price is driven by tanker rates, which are currently suppressed by weak global oil demand and extended OPEC+ production cuts. Despite strong financials and cash returns to shareholders, TNK's stock has plummeted, highlighting the sector's volatility and the importance of understanding geopolitics. I maintain a neutral stance on TNK, given the uncertainties in global oil demand and geopolitics, particularly with potential changes in Chinese and U.S. policies in 2025. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09

Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash

Summary Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap. The current free cash flow yield above 20% is certainly attractive, but I am fully aware of the volatility associated with it. Read the full article on Seeking Alpha
Analysis Article • Nov 06

Lacklustre Performance Is Driving Teekay Tankers Ltd.'s (NYSE:TNK) 25% Price Drop

Teekay Tankers Ltd. ( NYSE:TNK ) shareholders won't be pleased to see that the share price has had a very rough month...
Seeking Alpha • Nov 05

Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns

Summary In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK’s strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets. The most disappointing is that TNK neither proactively upgrades its fleet nor increases shareholders' returns via buybacks and dividends. In summary, I give TNK stock a Hold rating. Read the full article on Seeking Alpha
Analysis Article • Oct 22

Returns on Capital Paint A Bright Future For Teekay Tankers (NYSE:TNK)

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Seeking Alpha • Sep 14

Teekay Tankers: When Cheap Valuation And Solid Balance Sheet Are Not Enough; Rating Downgrade

Summary Teekay Tankers boasts a strong balance sheet with minimal debt and competitive daily operating expenses and breakeven cash flow. TNK trades at 1.9 EV/Sales and 2.9 EV/EBITDA, which is dirt cheap for a company with a 4% LTV and $15,000/day breakeven cash flow. TNK pays dividends with a 5.52% LTM yield, which is mediocre compared to other tanker owners. I rate TNK as a Hold due to its unattractive dividend yield and better growth prospects in the VLCC segment with companies like ECO and DHT. Read the full article on Seeking Alpha
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New Narrative • Sep 12

Trans Mountain Expansion Fuels Growth Amid Market Volatility And Analysts' Mixed Earnings Outlook

Strategic fleet renewal and the positive tanker market fundamentals suggest improved revenue stability and growth prospects.
Seeking Alpha • Aug 05

Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics

Summary Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks from fleet age and oil demand fluctuations. Read the full article on Seeking Alpha
Analysis Article • Aug 04

Teekay Tankers (NYSE:TNK) Has Affirmed Its Dividend Of $0.25

Teekay Tankers Ltd. ( NYSE:TNK ) will pay a dividend of $0.25 on the 23rd of August. This means the dividend yield will...
Analysis Article • Jun 18

Why The 27% Return On Capital At Teekay Tankers (NYSE:TNK) Should Have Your Attention

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Seeking Alpha • Jun 13

Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend

Summary Global transport stocks have outperformed the S&P 500, with the US Global Sea to Sky Cargo ETF up 36% YoY. Teekay Tankers leads the performance with its strong balance sheet, EPS growth, debt-free status, and a recent special dividend. While EPS may top out here, TNK sports strong free cash flow, solid valuation multiples, and technical chart support suggesting continued upside. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:TNK - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286433103703872
12/31/20276292862083374
12/31/20269475946565553
3/31/20261,006429132368N/A
12/31/2025952351113306N/A
9/30/202595231390283N/A
6/30/2025997282188317N/A
3/31/20251,093331320395N/A
12/31/20241,229404397472N/A
9/30/20241,394439452532N/A
6/30/20241,405459528546N/A
3/31/20241,447499588598N/A
12/31/20231,474520621631N/A
9/30/20231,418548629639N/A
6/30/20231,412535551562N/A
3/31/20231,284412363375N/A
12/31/20221,178235184200N/A
9/30/202285643523N/A
6/30/2022693-77-81-60N/A
3/31/2022574-235-119-95N/A
12/31/2021542-242-129-107N/A
9/30/2021510-276-104-82N/A
6/30/2021564-268-23-3N/A
3/31/2021687-41166182N/A
12/31/202088687332348N/A
9/30/20201,070224389403N/A
6/30/20201,087248350358N/A
3/31/20201,048136198210N/A
12/31/201994441N/A118N/A
9/30/2019893-10N/A61N/A
6/30/2019882-8N/A47N/A
3/31/2019846-21N/A44N/A
12/31/2018776-53N/A-7N/A
9/30/2018617-66N/A7N/A
6/30/2018532-71N/A26N/A
3/31/2018469-81N/A59N/A
12/31/2017431-58N/A80N/A
9/30/2017454-47N/A94N/A
6/30/2017472-30N/A161N/A
3/31/201750933N/A167N/A
12/31/201655168N/A207N/A
9/30/2016606115N/A238N/A
6/30/2016623162N/A221N/A
3/31/2016573177N/A182N/A
12/31/2015525181N/A202N/A
9/30/2015436145N/A157N/A
6/30/2015363109N/A107N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNK's earnings are forecast to decline over the next 3 years (-18.6% per year).

Earnings vs Market: TNK's earnings are forecast to decline over the next 3 years (-18.6% per year).

High Growth Earnings: TNK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TNK's revenue is expected to decline over the next 3 years (-20.5% per year).

High Growth Revenue: TNK's revenue is forecast to decline over the next 3 years (-20.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TNK's Return on Equity is forecast to be low in 3 years time (10.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 06:12
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Teekay Tankers Ltd. is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brandon OglenskiBarclays
Kenneth HoexterBofA Global Research
Matthew TroyCitigroup Inc