Teekay Tankers (TNK) Given News Impact Score of 0.12

Headlines about Teekay Tankers (NYSE:TNK) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.1631931180304 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

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TNK stock traded up $0.02 on Friday, reaching $1.21. The company had a trading volume of 781,778 shares, compared to its average volume of 935,635. Teekay Tankers has a fifty-two week low of $1.08 and a fifty-two week high of $2.20. The company has a market capitalization of $213.25, a price-to-earnings ratio of -3.67 and a beta of 2.18. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 0.92.

Teekay Tankers (NYSE:TNK) last released its earnings results on Thursday, February 22nd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $87.10 million. Teekay Tankers had a negative return on equity of 2.16% and a negative net margin of 13.78%. Teekay Tankers’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. equities research analysts anticipate that Teekay Tankers will post -0.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend was Friday, March 2nd. Teekay Tankers’s dividend payout ratio (DPR) is presently -36.36%.

TNK has been the topic of several analyst reports. DNB Markets upgraded Teekay Tankers from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Seaport Global Securities set a $3.00 target price on Teekay Tankers and gave the stock a “buy” rating in a report on Thursday, January 4th. Morgan Stanley dropped their target price on Teekay Tankers from $2.00 to $1.30 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Zacks Investment Research upgraded Teekay Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, UBS upgraded Teekay Tankers from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $1.26 to $1.00 in a report on Monday, February 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Teekay Tankers currently has a consensus rating of “Hold” and a consensus price target of $1.72.

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Teekay Tankers Company Profile

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

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