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Sunday, December 3, 2023

Today, Teekay Tankers Ltd (NYSE: TNK) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Teekay Tankers Ltd (TNK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.61, or -1.17%, to $51.71. The Teekay Tankers Ltd has recorded 256,824 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend.

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Stocks Info

Teekay Tankers Ltd is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $52.32 and fluctuated between $53.25 as its day high and $51.71 as its day low. The current market capitalization of Teekay Tankers Ltd is $1.78B. A total of 0.64 million shares were traded on the day, compared to an average of 406.26K shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Teekay Tankers Ltd pays an annual dividend of $2.12, resulting in a dividend yield of 4.06%, and it has a price to earnings (P/E) ratio of 3.30. TNK’s most recent ex-dividend date was 11/13/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 11/27/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/11/2023. The TNK stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TNK in the last 3 months, the mean price target is $64.14 with high estimates of $73.00 and low estimates of $56.00. In terms of 52-week highs and lows, TNK has a high of $54.11 and a low of $25.74.

As of this writing, TNK has an earnings estimate of $JNK per share for the current quarter. EPS was calculated based on a consensus of Direxion Small Cap Bull 3X Shar estimates, with a high estimate of $Hostess Brands, Inc. per share and a lower estimate of $Cinemark Holdings Inc Cinemark.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TNK’s latest balance sheet shows that the firm has $50.57M in Cash & Short Term Investments as of fiscal 2021. There were $654.03M in debt and $157.09M in liabilities at the time. Its Book Value Per Share was $41.72, while its Total Shareholder’s Equity was $838.41M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TNK is Buy with a score of 4.00.

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