Teekay Tankers Ltd. (NYSE:TNK) went up by 12.48% from its latest closing price compared to the recent 1-year high of $29.03. The company’s stock price has collected 12.85% of gains in the last five trading sessions. The Wall Street Journal reported on 03/15/21 that Not-So Supertankers Deserve a Look as Pandemic Fades
Is It Worth Investing in Teekay Tankers Ltd. (NYSE :TNK) Right Now?
Plus, the 36-month beta value for TNK is at -0.12.
The average price from analysts is $34.30, which is -$0.38 below the current price. TNK currently public float of 19.56M and currently shorts hold a 3.86% ratio of that float. Today, the average trading volume of TNK was 432.66K shares.
TNK’s Market Performance
TNK stocks went up by 12.85% for the week, with a monthly jump of 22.91% and a quarterly performance of 72.66%, while its annual performance rate touched 157.77%. The volatility ratio for the week stands at 6.13% while the volatility levels for the past 30 days are set at 4.80% for Teekay Tankers Ltd. The simple moving average for the period of the last 20 days is 20.80% for TNK stocks with a simple moving average of 86.61% for the last 200 days.
Analysts’ Opinion of TNK
Many brokerage firms have already submitted their reports for TNK stocks, with Jefferies repeating the rating for TNK by listing it as a “Buy.” The predicted price for TNK in the upcoming period, according to Jefferies is $25 based on the research report published on July 21st of the current year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see TNK reach a price target of $19, previously predicting the price at $18. The rating they have provided for TNK stocks is “Buy” according to the report published on April 27th, 2022.
TNK Trading at 34.37% from the 50-Day Moving Average
After a stumble in the market that brought TNK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 6.81% of gains for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 6.13%, as shares surge +25.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +88.05% upper at present.
During the last 5 trading sessions, TNK rose by +12.85%, which changed the moving average for the period of 200-days by +197.32% in comparison to the 20-day moving average, which settled at $25.98. In addition, Teekay Tankers Ltd. saw 184.50% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TNK
Current profitability levels for the company are sitting at:
- -18.76 for the present operating margin
- -10.70 for the gross margin
The net margin for Teekay Tankers Ltd. stands at -44.69. Equity return is now at value -9.10, with -4.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.