.jpg "Teekay Tankers (NYSE: TNK)")
In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Sell rating on Teekay Tankers (TNK), with a price target of $18.00. The company’s shares closed last Monday at $24.88, close to its 52-week high of $26.66.
According to TipRanks.com, Hannisdahl is a 3-star analyst with an average return of 1.1% and a 54.1% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Teekay Tankers with a $19.50 average price target.
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Teekay Tankers’ market cap is currently $766.3M and has a P/E ratio of 17.40. The company has a Price to Book ratio of 0.78.
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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.
