Teekay Tankers Ltd. (NYSE:TNK – Get Free Report) declared a None dividend on Thursday, May 9th, Zacks reports. Investors of record on Tuesday, May 21st will be given a dividend of 2.25 per share by the shipping company on Friday, May 31st. The ex-dividend date is Monday, May 20th.
Teekay Tankers has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teekay Tankers to earn $11.35 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.8%.
Teekay Tankers Price Performance
Teekay Tankers stock traded up $0.78 during mid-day trading on Friday, reaching $70.08. The company had a trading volume of 59,660 shares, compared to its average volume of 419,577. Teekay Tankers has a 1 year low of $35.00 and a 1 year high of $70.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.40 and a quick ratio of 4.02. The company has a market capitalization of $2.40 billion, a P/E ratio of 4.66, a P/E/G ratio of 1.41 and a beta of -0.27. The stock’s 50-day simple moving average is $57.43 and its 200-day simple moving average is $54.82.
Analysts Set New Price Targets
Several analysts have recently commented on TNK shares. StockNews.com lowered shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Teekay Tankers from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI lowered their price target on shares of Teekay Tankers from $77.00 to $73.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, Bank of America boosted their price target on Teekay Tankers from $66.00 to $79.00 and gave the company a “buy” rating in a report on Friday.
Read Our Latest Stock Report on Teekay Tankers
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.
Featured Articles
- Five stocks we like better than Teekay Tankers
- How is Compound Interest Calculated?
- JFrog Stock Gets Punished for Solid Results: Buy the Dip
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Will the Surge in GameStop Stock Spark a New Meme Craze?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- 3 Stocks Nancy Pelosi Has Been Buying
Receive News & Ratings for Teekay Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Tankers and related companies with MarketBeat.com's FREE daily email newsletter.