<div id="readability-page-1"><p>Teekay Tankers Ltd. (NYSE:TNK - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $62.09 and last traded at $61.56, with a volume of 41381 shares. The stock had previously closed at $60.81.</p><div><p><span></span><span>Get <strong>Teekay Tankers</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>Ride the Waves of Wealth With This Oil Tanker 17% Yield</li></ul><p>Several equities research analysts have weighed in on TNK shares. Clarkson Capital raised Teekay Tankers to a &#34;strong-buy&#34; rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of Teekay Tankers from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Monday, September 8th. Evercore ISI boosted their target price on Teekay Tankers from $53.00 to $60.00 and gave the stock an &#34;outperform&#34; rating in a report on Tuesday, October 28th. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of Teekay Tankers in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their target price on Teekay Tankers from $66.00 to $70.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, October 30th. One equities research analyst  has rated the stock with a Strong Buy rating, two have issued  a Buy rating, two have assigned  a Hold rating and one  has assigned  a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $58.67.</p><p><b>Get Our Latest Stock Report on TNK</b></p><h2>Teekay Tankers Stock Up 1.1%</h2><p>The stock has a fifty day moving average price of $54.41 and a 200-day moving average price of $48.25. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 6.84 and a beta of -0.11. </p><p>Teekay Tankers (NYSE:TNK - Get Free Report) last released its earnings results on Wednesday, October 29th. The shipping company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.50 by $0.04. Teekay Tankers had a net margin of 32.87% and a return on equity of 10.81%. The company had revenue of $115.21 million during the quarter, compared to analysts' expectations of $133.65 million. During the same quarter last year, the business earned $0.23 EPS. The business's revenue was down 16.5% on a year-over-year basis.  As a group, research analysts expect that  Teekay Tankers Ltd. will post 7.13 earnings per share for the current year. </p><h2>Teekay Tankers Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Monday, November 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 10th. Teekay Tankers's dividend payout ratio (DPR) is currently 11.11%. </p><h2>Institutional Investors Weigh In On Teekay Tankers</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of  Teekay Tankers by 77.0% in the 2nd quarter. GAMMA Investing LLC now owns 906 shares of the shipping company's stock valued at $38,000 after purchasing an additional 394 shares in the last quarter.  State of Alaska Department of Revenue acquired a new position in  Teekay Tankers during the third quarter worth about $54,000.  TD Private Client Wealth LLC raised its holdings in  Teekay Tankers by 13.0% during the second quarter. TD Private Client Wealth LLC now owns 2,084 shares of the shipping company's stock worth $87,000 after purchasing an additional 240 shares during the last quarter.  Osaic Holdings Inc. boosted its position in  Teekay Tankers by 85.9% during the second quarter. Osaic Holdings Inc. now owns 2,431 shares of the shipping company's stock worth $101,000 after purchasing an additional 1,123 shares in the last quarter.  Finally, Global Retirement Partners LLC boosted its position in  Teekay Tankers by 162.6% during the third quarter. Global Retirement Partners LLC now owns 2,064 shares of the shipping company's stock worth $104,000 after purchasing an additional 1,278 shares in the last quarter. Institutional investors and hedge funds own  52.67% of the company's stock. </p><h2>About Teekay Tankers</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Teekay Tankers</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Papa John's $2.7 Billion Takeover Bid: A Price on Untapped Value</li><li>What is the S&amp;P/TSX Index?</li><li>Is Qualcomm Up 40% or Down 20%? 2 Contrarian Takes</li><li>How to Use the MarketBeat Stock Screener </li><li>Guardian Pharmacy Stock Pops on Q3 Strength and Upbeat Forecast</li></ul><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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Teekay Tankers (NYSE:TNK) reached a new 52-week high, trading at $62.09. Analysts have mixed ratings: Clarkson Capital rates it "strong-buy," while others suggest "hold" or "buy." The stock's average rating is "Moderate Buy" with a target price of $58.67. Teekay Tankers reported $1.54 EPS, beating estimates, and announced a $0.25 quarterly dividend. Institutional investors are actively trading the stock, which has a market cap of $2.12 billion.</p>

Teekay Tankers (NYSE:TNK) Sets New 1-Year High - Still a Buy?