Cleaves Securities Sticks to Its Buy Rating for Teekay Tankers (TNK)


Cleaves Securities analyst Joakim Hannisdahl reiterated a Buy rating on Teekay Tankers (TNK) yesterday and set a price target of $39.00. The company’s shares closed last Monday at $18.18.

According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 6.5% and a 55.2% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teekay Tankers with a $30.33 average price target.

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The company has a one-year high of $25.74 and a one-year low of $7.20. Currently, Teekay Tankers has an average volume of 1.63M.

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Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Conventional Tanker and Ship-to-Ship (STS) Transfer segment.

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