Head-To-Head Review: Castor Maritime (NASDAQ:CTRM) & Teekay Tankers (NYSE:TNK)

Castor Maritime (NASDAQ:CTRM) and Teekay Tankers (NYSE:TNK) are both transportation companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, earnings, analyst recommendations, dividends, institutional ownership and risk.

Institutional & Insider Ownership

1.1% of Castor Maritime shares are owned by institutional investors. Comparatively, 52.7% of Teekay Tankers shares are owned by institutional investors. 1.9% of Teekay Tankers shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Volatility & Risk

Castor Maritime has a beta of 1.19, indicating that its share price is 19% more volatile than the S&P 500. Comparatively, Teekay Tankers has a beta of -0.22, indicating that its share price is 122% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings for Castor Maritime and Teekay Tankers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Castor Maritime	1	0	0	0	1.00
Teekay Tankers	1	2	3	2	2.75

Teekay Tankers has a consensus price target of $77.00, suggesting a potential upside of 6.38%. Given Teekay Tankers’ stronger consensus rating and higher possible upside, analysts clearly believe Teekay Tankers is more favorable than Castor Maritime.

Valuation & Earnings

This table compares Castor Maritime and Teekay Tankers”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Castor Maritime	$81.81 million	0.25	$19.27 million	$1.40	1.54
Teekay Tankers	$951.80 million	2.63	$351.19 million	$12.30	5.88

Teekay Tankers has higher revenue and earnings than Castor Maritime. Castor Maritime is trading at a lower price-to-earnings ratio than Teekay Tankers, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Castor Maritime and Teekay Tankers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Castor Maritime	103.17%	3.34%	2.50%
Teekay Tankers	42.60%	16.34%	14.87%

Summary

Teekay Tankers beats Castor Maritime on 13 of the 15 factors compared between the two stocks.

About Castor Maritime

Castor Maritime Inc. provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.

About Teekay Tankers

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.