Let’s look at the key reasons that are pushing Teekay Tankers Ltd (TNK) to new highs

On Tuesday, Teekay Tankers Ltd (NYSE: TNK) was 1.69% up from the session before settling in for the closing price of $39.09. A 52-week range for TNK has been $36.04 – $74.20.

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Energy Sector giant saw their annual sales surged by 20.20% over the last five years. When this article was written, the company’s average yearly earnings per share was at -25.58%. With a float of $23.65 million, this company’s outstanding shares have now reached $29.70 million.

The firm has a total of 1590 workers. Let’s measure their productivity. In terms of profitability, gross margin is 36.95%, operating margin of 32.79%, and the pretax margin is 35.35%.

Teekay Tankers Ltd (TNK) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Teekay Tankers Ltd stocks. The insider ownership of Teekay Tankers Ltd is 31.04%, while institutional ownership is 52.57%. The most recent insider transaction that took place on Dec 23 ’24, was worth 232,201. Before that another transaction happened on Dec 04 ’24, when Company’s Director proposed sale 4,380 for $32.46, making the entire transaction worth $142,153.

Teekay Tankers Ltd (TNK) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -25.58% per share during the next fiscal year.

Teekay Tankers Ltd (NYSE: TNK) Trading Performance Indicators

You can see what Teekay Tankers Ltd (TNK) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 6.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 3.12.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.18, a number that is poised to hit 2.12 in the next quarter and is forecasted to reach 10.07 in one year’s time.

Technical Analysis of Teekay Tankers Ltd (TNK)

Analysing the last 5-days average volume posted by the [Teekay Tankers Ltd, TNK], we can find that recorded value of 0.39 million was better than the volume posted last year of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 72.63%. Additionally, its Average True Range was 1.40.

During the past 100 days, Teekay Tankers Ltd’s (TNK) raw stochastic average was set at 14.05%, which indicates a significant decrease from 72.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.36% in the past 14 days, which was lower than the 31.11% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $44.17, while its 200-day Moving Average is $57.02. Now, the first resistance to watch is $40.24. This is followed by the second major resistance level at $40.73. The third major resistance level sits at $41.47. If the price goes on to break the first support level at $39.01, it is likely to go to the next support level at $38.27. Now, if the price goes above the second support level, the third support stands at $37.78.

Teekay Tankers Ltd (NYSE: TNK) Key Stats

There are 34,300K outstanding shares of the company, which has a market capitalization of 1.37 billion. As of now, sales total 1,364 M while income totals 513,670 K. Its latest quarter income was 243,280 K while its last quarter net income were 58,820 K.