Cleaves Securities analyst Joakim Hannisdahl upgraded Teekay Tankers (TNK) to Hold yesterday and set a price target of $12.00. The company’s shares closed last Wednesday at $13.16.
According to TipRanks.com, Hannisdahl is a 2-star analyst with an average return of -0.4% and a 52.8% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
Teekay Tankers has an analyst consensus of Moderate Buy, with a price target consensus of $18.75.
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The company has a one-year high of $26.92 and a one-year low of $7.68. Currently, Teekay Tankers has an average volume of 1.65M.
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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. The Conventional Tanker segment includes the operations of all the tankers, including those employed on full service lightering contracts. The STS Transfer segment offers lightering support services provided to conventional tanker segment as part of the full service lightering operations. The company was founded in October 2007 and is headquartered in Hamilton, Bermuda.
