Make Sure You Stick With Teekay Tankers Ltd (TNK). It’s Bull Time Again

After Hours

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. 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 in the Energy sector while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $62.55 and fluctuated between $63.22 as its day high and $61.79 as its day low. The current market capitalization of Teekay Tankers Ltd is $2.13B. A total of 0.68 million shares were traded on the day, compared to an average of 468.11K shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Teekay Tankers Ltd pays an annual dividend of $2.12, resulting in a dividend yield of 3.40%, and it has a price to earnings (P/E) ratio of 3.94. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, TNK has a high of $62.71 and a low of $28.36.

As of this writing, TNK has an earnings estimate of $3.58 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $3.9 per share and a lower estimate of $2.98. The company reported an EPS of $4.38 in the last quarter, which was -0.90% lower than expectations of $4.42.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 5.00.

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