Were Analysts Bearish Teekay Tankers Ltd. (NYSE:TNK) This Week?

April 17, 2018 - By Vivian Park

Teekay Tankers Ltd. (NYSE:TNK) LogoInvestors sentiment increased to 1.56 in Q4 2017. Its up 0.60, from 0.96 in 2017Q3. It is positive, as 17 investors sold Teekay Tankers Ltd. shares while 22 reduced holdings. 29 funds opened positions while 32 raised stakes. 84.25 million shares or 66.87% more from 50.49 million shares in 2017Q3 were reported.
Metropolitan Life reported 59,556 shares. Credit Suisse Ag stated it has 59,051 shares. Systematic Fin Ltd Partnership invested in 722,615 shares. Stratos Wealth Prtn holds 0% or 11,048 shares. Acadian Asset Mgmt Ltd Liability Corp reported 0.01% in Teekay Tankers Ltd. (NYSE:TNK). Renaissance Techs Lc owns 1.14M shares or 0% of their US portfolio. Huber Capital Mngmt Ltd Liability Corp has invested 1.24% in Teekay Tankers Ltd. (NYSE:TNK). California Employees Retirement invested in 120,900 shares or 0% of the stock. Principal Financial Gru holds 0% in Teekay Tankers Ltd. (NYSE:TNK) or 30,363 shares. The Georgia-based Voya Invest Ltd Liability has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Proshare Advisors Lc invested in 0% or 30,203 shares. Virtu Financial Limited Liability Com stated it has 105,735 shares. Morgan Stanley stated it has 822,255 shares or 0% of all its holdings. Thompson Davis And holds 1,000 shares or 0% of its portfolio. Parametric Port Lc has 179,315 shares.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Coverage

Among 4 analysts covering Teekay Tankers Ltd (NYSE:TNK), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Teekay Tankers Ltd had 4 analyst reports since November 10, 2017 according to SRatingsIntel. Seaport Global maintained Teekay Tankers Ltd. (NYSE:TNK) on Thursday, January 4 with “Buy” rating. Bank of America maintained Teekay Tankers Ltd. (NYSE:TNK) rating on Friday, November 10. Bank of America has “Underperform” rating and $1.3 target. UBS upgraded Teekay Tankers Ltd. (NYSE:TNK) rating on Monday, February 26. UBS has “Hold” rating and $1.3 target. Morgan Stanley maintained it with “Equal-Weight” rating and $1.3 target in Monday, February 12 report. Below is a list of Teekay Tankers Ltd. (NYSE:TNK) latest ratings and price target changes.

26/02/2018 Broker: UBS Rating: Hold New Target: $1.3 Upgrade
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2 New Target: $1.3 Maintain
04/01/2018 Broker: Seaport Global Rating: Buy New Target: $2.5 Maintain
10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $1.6 New Target: $1.3 Maintain

The stock increased 1.22% or $0.014 during the last trading session, reaching $1.144. About 628,687 shares traded. Teekay Tankers Ltd. (NYSE:TNK) has declined 39.70% since April 17, 2017 and is downtrending. It has underperformed by 51.25% the S&P500.

Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has market cap of $306.77 million. The firm also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 43 owned conventional tankers, 7 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 7 ship-to-ship support vessels.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Chart

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