TNK Stock Overview
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally.
No risks detected for TNK from our risk checks.
Teekay Tankers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$17.48|
|52 Week High||US$22.10|
|52 Week Low||US$9.89|
|1 Month Change||-19.30%|
|3 Month Change||20.97%|
|1 Year Change||25.49%|
|3 Year Change||70.70%|
|5 Year Change||25.58%|
|Change since IPO||-89.08%|
Recent News & Updates
Teekay Tankers: Crude Tanker Spot Rates Are Improving
During the fourth quarter, Teekay Tankers announced a total adjusted net loss of $24.96 million, or $0.74 per share, decreasing from a loss of $50.15 million, or $1.48 per share. We have recently experienced some encouraging signs about the ongoing recovery in spot tanker rates, but the market is still weak and, above all, unpredictable. I recommend buying TNK at or below $14.50.
|TNK||US Oil and Gas||US Market|
Return vs Industry: TNK underperformed the US Oil and Gas industry which returned 26.6% over the past year.
Return vs Market: TNK exceeded the US Market which returned -21.7% over the past year.
|TNK Average Weekly Movement||9.4%|
|Oil and Gas Industry Average Movement||8.9%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: TNK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TNK's weekly volatility (9%) has been stable over the past year.
About the Company
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services.
Teekay Tankers Fundamentals Summary
|TNK fundamental statistics|
Is TNK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TNK income statement (TTM)|
|Cost of Revenue||US$524.75m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-6.95|
|Net Profit Margin||-40.96%|
How did TNK perform over the long term?See historical performance and comparison
Is TNK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TNK?
Other financial metrics that can be useful for relative valuation.
|What is TNK's n/a Ratio?|
Price to Sales Ratio vs Peers
How does TNK's PS Ratio compare to its peers?
|TNK PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
NAT Nordic American Tankers
KNOP KNOT Offshore Partners
SRLP Sprague Resources
GLP Global Partners
TNK Teekay Tankers
Price-To-Sales vs Peers: TNK is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (1.1x).
Price to Earnings Ratio vs Industry
How does TNK's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Sales vs Industry: TNK is good value based on its Price-To-Sales Ratio (1x) compared to the US Oil and Gas industry average (1.8x)
Price to Sales Ratio vs Fair Ratio
What is TNK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: TNK is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of TNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TNK ($17.48) is trading below our estimate of fair value ($49.22)
Significantly Below Fair Value: TNK is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TNK's PEG Ratio to determine if it is good value.
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How is Teekay Tankers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: TNK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TNK is expected to become profitable in the next 3 years.
Revenue vs Market: TNK's revenue is expected to decline over the next 3 years (-7.2% per year).
High Growth Revenue: TNK's revenue is forecast to decline over the next 3 years (-7.2% 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 (11.5%).
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How has Teekay Tankers performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TNK is currently unprofitable.
Growing Profit Margin: TNK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TNK is unprofitable, and losses have increased over the past 5 years at a rate of 21.2% per year.
Accelerating Growth: Unable to compare TNK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TNK is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (102.2%).
Return on Equity
High ROE: TNK has a negative Return on Equity (-28.48%), as it is currently unprofitable.
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How is Teekay Tankers's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TNK's short term assets ($231.1M) exceed its short term liabilities ($183.8M).
Long Term Liabilities: TNK's short term assets ($231.1M) do not cover its long term liabilities ($574.1M).
Debt to Equity History and Analysis
Debt Level: TNK's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: TNK's debt to equity ratio has reduced from 90.8% to 18.1% over the past 5 years.
Debt Coverage: TNK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TNK's interest payments on its debt are well covered by EBIT.
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What is Teekay Tankers's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TNK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TNK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TNK's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: TNK is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TNK has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kevin Mackay (53 yo)
Mr. Kevin J. Mackay has been the Chief Executive Officer and President of Teekay Tankers Ltd. since June 20, 2014. Mr. Mackay joined Teekay in 2014.He has extensive years’ experience in the marine energy...
Experienced Board: TNK's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Teekay Tankers Ltd.'s employee growth, exchange listings and data sources
- Name: Teekay Tankers Ltd.
- Ticker: TNK
- Exchange: NYSE
- Founded: 2007
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$590.907m
- Shares outstanding: 33.80m
- Website: https://www.teekay.com/business/tankers
Number of Employees
- Teekay Tankers Ltd.
- Belvedere Building
- 4th Floor
- HM 08
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.