<div id="readability-page-1"><p>Teekay Tankers (NYSE:TNK - Get Free Report) issued its quarterly earnings results on Wednesday. The shipping company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.84, Zacks reports. Teekay Tankers had a return on equity of 10.63% and a net margin of 32.87%.</p><div><p><span></span><span>Get <strong>Teekay Tankers</strong> alerts:</span></p></div><h2>Teekay Tankers Stock Performance</h2><ul><li>Ride the Waves of Wealth With This Oil Tanker 17% Yield</li></ul><p>Shares of Teekay Tankers stock traded up $0.84 during trading hours on Wednesday, reaching $72.45. The company's stock had a trading volume of 597,428 shares, compared to its average volume of 420,992. The company has a market capitalization of $2.50 billion, a P/E ratio of 8.05 and a beta of -0.27. The stock's fifty day simple moving average is $59.63 and its two-hundred day simple moving average is $55.61. Teekay Tankers has a one year low of $33.35 and a one year high of $73.73. </p><h2>Analyst Upgrades and Downgrades</h2><p>TNK has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Teekay Tankers from $66.00 to $70.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, October 30th. Zacks Research raised shares of Teekay Tankers from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Wednesday, February 4th. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of Teekay Tankers in a research report on Monday, December 29th. Wall Street Zen lowered shares of Teekay Tankers from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Sunday, February 8th. Finally, Evercore lifted their price target on shares of Teekay Tankers from $53.00 to $60.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of &#34;Buy&#34; and an average price target of $65.00.</p><p><b>Read Our Latest Research Report on Teekay Tankers</b></p><h2>Institutional Trading of Teekay Tankers</h2><p>A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. purchased a new position in  Teekay Tankers during the 4th quarter worth $33,000.  Aster Capital Management DIFC Ltd lifted its position in shares of  Teekay Tankers by 2,948.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,067 shares of the shipping company's stock valued at $57,000 after purchasing an additional 1,032 shares in the last quarter.  Sunbelt Securities Inc. bought a new position in shares of  Teekay Tankers during the third quarter valued at about $63,000.  PNC Financial Services Group Inc. boosted its holdings in  Teekay Tankers by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,827 shares of the shipping company's stock worth $98,000 after purchasing an additional 172 shares during the last quarter.  Finally, Quantbot Technologies LP bought a new stake in  Teekay Tankers in the 3rd quarter worth about $111,000. 52.67% of the stock is owned by institutional investors. </p><h2>Teekay Tankers Company Profile</h2> (Get Free Report)<p>Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.  </p><p>The company's fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Teekay Tankers</li><li>Have $500? Invest in Elon’s AI Masterplan</li><li>Your Bank Account Is No Longer Safe</li><li>Gilder: Don’t Buy AI Stocks, Do This Instead</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>The gold chart Wall Street is terrified of…</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVROSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVROSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Teekay Tankers Right Now?</h2><p>Before you consider Teekay Tankers, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teekay Tankers wasn't on the list.</p><p>While Teekay Tankers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Teekay Tankers (NYSE:TNK) announced its quarterly earnings, reporting $2.80 EPS, exceeding estimates of $1.96 by $0.84. The company achieved a net margin of 32.87% and a return on equity of 10.63%. During trading, shares rose by $0.84 to $72.45, with a market cap of $2.50 billion. Analysts have given the stock a consensus rating of "Buy" with an average price target of $65.00. Institutional investors hold 52.67% of the stock, reflecting strong interest in the company.</p>

Teekay Tankers (NYSE:TNK) Announces Earnings Results