The stock price of Teekay Tankers Ltd (NYSE: TNK) has plunged by -4.73 when compared to previous closing price of 38.89, but the company has seen a -6.98% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-20 that Teekay Corporation Ltd. (NYSE:TNK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kenneth Hvid – President, CEO & Director Christian Waldegrave – Director, Research & Commercial Performance Conference Call Participants Jon Chappell – Evercore ISI Omar Nokta – Jefferies Ken Hoexter – Bank of America Merrill Lynch Operator Welcome to the Teekay Group Fourth Quarter 2024 Earnings Results Conference Call.
Is It Worth Investing in Teekay Tankers Ltd (NYSE: TNK) Right Now?
The price-to-earnings ratio for Teekay Tankers Ltd (NYSE: TNK) is above average at 3.27x, Company’s 36-month beta value is -0.18.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TNK is 23.65M, and currently, short sellers hold a 2.44% ratio of that floaft. The average trading volume of TNK on March 06, 2025 was 473.50K shares.
TNK’s Market Performance
TNK’s stock has seen a -6.98% decrease for the week, with a -11.89% drop in the past month and a -7.95% fall in the past quarter. The volatility ratio for the week is 5.68%, and the volatility levels for the past 30 days are at 4.69% for Teekay Tankers Ltd The simple moving average for the last 20 days is -8.26% for TNK stock, with a simple moving average of -29.99% for the last 200 days.
Analysts’ Opinion of TNK
Many brokerage firms have already submitted their reports for TNK stocks, with BofA Securities repeating the rating for TNK by listing it as a “Underperform.” The predicted price for TNK in the upcoming period, according to BofA Securities is $46 based on the research report published on November 13, 2024 of the previous year 2024.
BofA Securities gave a rating of “Buy” to TNK, setting the target price at $72 in the report published on January 19th of the previous year.
TNK Trading at -9.76% 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 unable to rebound, for now settling with -50.07% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 5.68%, as shares sank -15.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.88% lower at present.
During the last 5 trading sessions, TNK fell by -6.98%, which changed the moving average for the period of 200-days by -48.16% in comparison to the 20-day moving average, which settled at $40.39. In addition, Teekay Tankers Ltd saw -6.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TNK starting from DU MOULIN RICHARD T, who proposed sale 6,347 shares at the price of $40.16 back on Feb 26 ’25. After this action, DU MOULIN RICHARD T now owns shares of Teekay Tankers Ltd, valued at $254,902 using the latest closing price.
Antturi Peter, the Director of Teekay Tankers Ltd, proposed sale 1,501 shares at $40.26 during a trade that took place back on Feb 24 ’25, which means that Antturi Peter is holding shares at $60,430 based on the most recent closing price.
Stock Fundamentals for TNK
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.37 for the gross margin
The net margin for Teekay Tankers Ltd stands at 0.35. The total capital return value is set at 0.22. Equity return is now at value 23.93, with 20.41 for asset returns.
Based on Teekay Tankers Ltd (TNK), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 9.48. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 36.14.
Currently, EBITDA for the company is 648.42 million with net debt to EBITDA at -0.84. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 9.45for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.66.
Conclusion
In a nutshell, Teekay Tankers Ltd (TNK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
