Is Teekay Tankers Stock a Good Investment?
Teekay Tankers Investment Advice | TNK |
- Examine Teekay Tankers' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Teekay Tankers' leadership team and their track record. Good management can help Teekay Tankers navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Storage & Transportation space and any emerging trends that could impact Teekay Tankers' business and its evolving consumer preferences.
- Compare Teekay Tankers' performance and market position to its competitors. Analyze how Teekay Tankers is positioned in terms of product offerings, innovation, and market share.
- Check if Teekay Tankers pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Teekay Tankers' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Teekay Tankers stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Teekay Tankers is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Teekay Tankers Stock
Researching Teekay Tankers' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 20.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.82. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Teekay Tankers recorded earning per share (EPS) of 12.18. The entity last dividend was issued on the 12th of November 2024. The firm had 1:8 split on the 25th of November 2019.
To determine if Teekay Tankers is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Teekay Tankers' research are outlined below:
| Teekay Tankers generated a negative expected return over the last 90 days | |
| Teekay Tankers is unlikely to experience financial distress in the next 2 years | |
| Teekay Tankers has a strong financial position based on the latest SEC filings | |
| About 20.0% of the company outstanding shares are owned by corporate insiders | |
| On 22nd of November 2024 Teekay Tankers paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Teekay Tankers stock hits 52-week low at 43.42 amid market shifts - Investing.com |
Teekay Tankers uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Teekay Tankers. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Teekay Tankers' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Teekay Tankers' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Teekay Tankers' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2011-11-10 | 2011-09-30 | 0.21 | 0.16 | -0.05 | 23 | ||
2017-05-18 | 2017-03-31 | 0.38 | 0.32 | -0.06 | 15 | ||
2014-11-06 | 2014-09-30 | 0.3 | 0.24 | -0.06 | 20 | ||
2011-08-11 | 2011-06-30 | 0.5 | 0.56 | 0.06 | 12 | ||
2017-08-03 | 2017-06-30 | -0.25 | -0.32 | -0.07 | 28 | ||
2012-08-09 | 2012-06-30 | 0.01 | 0.08 | 0.07 | 700 | ||
2022-08-04 | 2022-06-30 | 0.68 | 0.76 | 0.08 | 11 | ||
2019-05-23 | 2019-03-31 | 0.48 | 0.4 | -0.08 | 16 |
Know Teekay Tankers' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Teekay Tankers is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Teekay Tankers backward and forwards among themselves. Teekay Tankers' institutional investor refers to the entity that pools money to purchase Teekay Tankers' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Jpmorgan Chase & Co | 2024-06-30 | 347 K | Bridgeway Capital Management, Llc | 2024-09-30 | 340.3 K | Geode Capital Management, Llc | 2024-09-30 | 318 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 306.7 K | Two Sigma Advisers, Llc | 2024-06-30 | 276.2 K | Sg Americas Securities, Llc | 2024-09-30 | 261.6 K | Bank Of America Corp | 2024-06-30 | 250.3 K | Acadian Asset Management Llc | 2024-06-30 | 246.4 K | Northern Trust Corp | 2024-09-30 | 244.1 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.1 M | Blackrock Inc | 2024-06-30 | 1.5 M |
Teekay Tankers' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 1.43 B.Market Cap |
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Teekay Tankers' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.27 | 0.29 | |
| Return On Capital Employed | 0.30 | 0.32 | |
| Return On Assets | 0.27 | 0.29 | |
| Return On Equity | 0.34 | 0.35 |
Determining Teekay Tankers' profitability involves analyzing its financial statements and using various financial metrics to determine if Teekay Tankers is a good buy. For example, gross profit margin measures Teekay Tankers' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Teekay Tankers' profitability and make more informed investment decisions.
Evaluate Teekay Tankers' management efficiency
Teekay Tankers has Return on Asset of 0.1325 % which means that on every $100 spent on assets, it made $0.1325 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2667 %, implying that it generated $0.2667 on every 100 dollars invested. Teekay Tankers' management efficiency ratios could be used to measure how well Teekay Tankers manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is expected to rise to 0.29 this year. Return On Capital Employed is expected to rise to 0.32 this year. At this time, Teekay Tankers' Total Current Liabilities is quite stable compared to the past year. Change To Liabilities is expected to grow at the current pace this year, although the value of Liabilities And Stockholders Equity will most likely fall to about 1.5 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 44.67 | 51.81 | |
| Tangible Book Value Per Share | 44.58 | 51.08 | |
| Enterprise Value Over EBITDA | 2.49 | 2.37 | |
| Price Book Value Ratio | 1.12 | 1.43 | |
| Enterprise Value Multiple | 2.49 | 2.37 | |
| Price Fair Value | 1.12 | 1.43 | |
| Enterprise Value | 1.6 B | 975.8 M |
Leadership effectiveness at Teekay Tankers is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.024 | Forward Dividend Yield 0.024 | Forward Dividend Rate 1 | Beta (0.33) |
Basic technical analysis of Teekay Stock
As of the 26th of November, Teekay Tankers has the Variance of 3.97, risk adjusted performance of (0.14), and Coefficient Of Variation of (518.49). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Teekay Tankers, as well as the relationship between them.Teekay Tankers' Outstanding Corporate Bonds
Teekay Tankers issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Teekay Tankers uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Teekay bonds can be classified according to their maturity, which is the date when Teekay Tankers has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Teekay Tankers' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Teekay Tankers' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.46) | |||
| Mean Deviation | 1.5 | |||
| Coefficient Of Variation | (518.49) | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.97 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.47) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.41 | |||
| Skewness | (0.14) | |||
| Kurtosis | 0.7266 |
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.46) | |||
| Mean Deviation | 1.5 | |||
| Coefficient Of Variation | (518.49) | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.97 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.47) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.41 | |||
| Skewness | (0.14) | |||
| Kurtosis | 0.7266 |
Consider Teekay Tankers' intraday indicators
Teekay Tankers intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Teekay Tankers stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 10488.79 | |||
| Daily Balance Of Power | (0.18) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 41.3 | |||
| Day Typical Price | 41.37 | |||
| Price Action Indicator | 0.12 | |||
| Period Momentum Indicator | (0.21) |
Teekay Tankers Corporate Filings
13A | 8th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
6K | 1st of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
F3 | 11th of October 2024 An amendment to the original Schedule 13D filing | ViewVerify |
| 20th of August 2024 Other Reports | ViewVerify |
Teekay Stock media impact
Far too much social signal, news, headlines, and media speculation about Teekay Tankers that are available to investors today. That information is available publicly through Teekay media outlets and privately through word of mouth or via Teekay internal channels. However, regardless of the origin, that massive amount of Teekay data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Teekay Tankers news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Teekay Tankers relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Teekay Tankers' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Teekay Tankers alpha.
Teekay Tankers Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Teekay Tankers can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Teekay Tankers Historical Investor Sentiment
Investor biases related to Teekay Tankers' public news can be used to forecast risks associated with an investment in Teekay. The trend in average sentiment can be used to explain how an investor holding Teekay can time the market purely based on public headlines and social activities around Teekay Tankers. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Teekay Tankers' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Teekay Tankers and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Teekay Tankers news discussions. The higher the estimate score, the more favorable the investor's outlook on Teekay Tankers.
Teekay Tankers Corporate Executives
Elected by the shareholders, the Teekay Tankers' board of directors comprises two types of representatives: Teekay Tankers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Teekay. The board's role is to monitor Teekay Tankers' management team and ensure that shareholders' interests are well served. Teekay Tankers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Teekay Tankers' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stewart Andrade | Chief Financial Officer | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay Tankers. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.25 | Earnings Share 12.18 | Revenue Per Share 34.7 | Quarterly Revenue Growth (0.15) |
The market value of Teekay Tankers is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay Tankers' value that differs from its market value or its book value, called intrinsic value, which is Teekay Tankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay Tankers' market value can be influenced by many factors that don't directly affect Teekay Tankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Teekay Tankers' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay Tankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.