Teekay Tankers Ltd. (TNK) Given Consensus Recommendation of "Hold" by Analysts

Jeannie Matthews
January 14, 2018

Marathon Trading Investment Management Llc bought 17,000 shares as the company's stock declined 28.76% while stock markets rallied. The shipping company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Bender Robert & Associates who had been investing in Intuitive Surgical Inc for a number of months, seems to be bullish on the $47.13 billion market cap company. The stock decreased 0.36% or $0.52 during the last trading session, reaching $143.86. The stock had a trading volume of 1,270,300 shares, compared to its average volume of 1,345,625. It has underperformed by 42.16% the S&P500.

Geode Capital Management Llc decreased Teekay Tankers Ltd (TNK) stake by 41.2% reported in 2017Q3 SEC filing. Rhumbline Advisers now owns 140,315 shares of the shipping company's stock valued at $264,000 after acquiring an additional 9,437 shares during the last quarter. They expect $-0.04 EPS, down 233.33 % or $0.07 from last year's $0.03 per share.

Media headlines about Teekay Tankers (NYSE:TNK) have trended somewhat positive recently, Accern Sentiment Analysis reports.

Teekay Tankers Ltd. (NYSE:TNK) is worth US$383.85 Million and has recently risen 2.96% to US$1.39. About 2.46M shares traded. Teekay Tankers Ltd now has $370.12 million valuation. It has underperformed by 62.64% the S&P500. Bluecrest Management Limited reported 15,152 shares. It turned negative, as 67 investors sold NuVasive, Inc. shares while 69 reduced holdings.

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Among 31 analysts covering Macy's Inc. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Intuitive Surgical Inc had 60 analyst reports since July 22, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with "Buy" rating in Monday, September 11 report. The stock of Intuitive Surgical, Inc. Robert W. Baird maintained NuVasive, Inc. The company was downgraded on Tuesday, January 12 by Stifel Nicolaus. The ex-dividend date was Friday, November 17th. The firm has "Neutral" rating by Credit Suisse given on Thursday, February 4. It also upped Minerva Neurosciences Inc (NASDAQ:NERV) stake by 103,102 shares and now owns 269,938 shares. It also reduced its holding in Spdr S&P 500 (SPY) by 1,365 shares in the quarter, leaving it with 5,345 shares, and cut its stake in Sector Spdr Health Fund (XLV). Zacks Investment Research raised Teekay Tankers from a "sell" rating to a "hold" rating in a research report on Wednesday, October 18th. Therefore 44% are positive. During the same period last year, the firm posted ($0.01) earnings per share. equities analysts forecast that Teekay Tankers Ltd. will post -0.14 earnings per share for the current fiscal year. The short ratio in the company's stock is documented at 4.32 and the short float is around of 3.43%. The stock has "Buy" rating by Deutsche Bank on Friday, November 6. The company was initiated on Wednesday, March 2 by Danske Bank. BTIG Research downgraded the shares of ISRG in report on Friday, April 1 to "Neutral" rating. The company was initiated on Wednesday, May 4 by Seaport Global. The rating was maintained by UBS with "Buy" on Thursday, October 22. Seaport Global Securities set a $3.00 target price on shares of Teekay Tankers and gave the company a "buy" rating in a research note on Thursday, January 4th. Eastern time. The Dow Jones industrial average rose 86 points, or 0.3 percent, to 25,455, the Nasdaq composite gained 25 points, or 0.4 percent, to 7,178 and the Russell 2000 index of small-cap stocks climbed 9 points, or 0.6 percent, to 1,569. Its down 0.24, from 1.2 in 2017Q2. It fall, as 15 investors sold Teekay Tankers Ltd. shares while 30 reduced holdings. 19 funds opened positions while 24 raised stakes.

Susquehanna International Group LLP lifted its stake in Teekay Tankers Ltd. (NYSE:TNK) by 585.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Renaissance Technology Ltd Llc reported 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Ameriprise Fincl Inc reported 25,233 shares. Cubist Systematic Strategies Ltd Com reported 22,873 shares stake. Teekay Tankers has a one year low of $1.30 and a one year high of $2.70. Parametric Portfolio Limited holds 138,372 shares or 0% of its portfolio. Eagle Asset Inc invested in 0.35% or 1.13 million shares. 19,638 are held by Principal Grp Inc Inc. The stock of Teekay Tankers Ltd. (NYSE:TNK) earned "Underperform" rating by Bank of America on Friday, May 20. 9,079 were accumulated by Ameritas Investment Prns.

Teekay Tankers Ltd (NYSE:TNK)'s revenue estimates for the current quarter are $94.62 Million according to 9 number of analysts, for the current quarter the company has high revenue estimates of $117.41 Million in contradiction of low revenue estimates of $81.9 Million. Net profit margin of the company was recorded at -11 percent, operating profit margin was 0.9 percent, while gross profit margin stands at 33.8 percent.

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