On Tuesday, Teekay Tankers Ltd (NYSE: TNK) opened lower -3.79% from the last session ,before settling in for the closing price of $57.78. Price fluctuations for TNK have ranged from $35.00 to $64.42 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 20.20%. Company’s average yearly earnings per share was noted -6.12% at the time writing. With a float of $24.12 million, this company’s outstanding shares have now reached $29.50 million.
Considering the fact that the conglomerate employs 1590 people, you should pay attention to its efficiency factor.
Teekay Tankers Ltd (TNK) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Teekay Tankers Ltd is 29.28%, while institutional ownership is 53.54%.
Teekay Tankers Ltd (TNK) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $2.91 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $3.47) by -$0.56. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.73 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -6.12% per share during the next fiscal year.
Teekay Tankers Ltd (NYSE: TNK) Trading Performance Indicators
Check out the current performance indicators for Teekay Tankers Ltd (TNK). In the past quarter, the stock posted a quick ratio of 4.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 3.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.86, a number that is poised to hit 3.82 in the next quarter and is forecasted to reach 12.97 in one year’s time.
Technical Analysis of Teekay Tankers Ltd (TNK)
Compared to the last year’s volume of 0.46 million, its volume of 0.38 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 23.96%. Additionally, its Average True Range was 1.68.
During the past 100 days, Teekay Tankers Ltd’s (TNK) raw stochastic average was set at 51.40%, which indicates a significant increase from 18.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.24% in the past 14 days, which was lower than the 35.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.97, while its 200-day Moving Average is $48.41. Nevertheless, the first resistance level for the watch stands at $57.14 in the near term. At $58.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $59.56. If the price goes on to break the first support level at $54.72, it is likely to go to the next support level at $53.84. Should the price break the second support level, the third support level stands at $52.30.
Teekay Tankers Ltd (NYSE: TNK) Key Stats
There are currently 34,093K shares outstanding in the company with a market cap of 1.90 billion. Presently, the company’s annual sales total 1,364 M according to its annual income of 513,670 K. Last quarter, the company’s sales amounted to 313,290 K and its income totaled 111,690 K.
