Teekay Tankers Ltd

Company Profile

Teekay Tankers Ltd had its IPO on 2007-12-13 under the ticker symbol TNK.

The company operates in the Energy sector and Oil & Gas Midstream industry. Teekay Tankers Ltd has a staff strength of 1,750 employees.

Stock update

Shares of Teekay Tankers Ltd opened at $39.25 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $38.81 - $39.95, and closed at $38.99.

This is a -0.51% slip from the previous day's closing price.

A total volume of 327,965 shares were traded at the close of the day’s session.

In the last one week, shares of Teekay Tankers Ltd have slipped by -5.43%.

Teekay Tankers Ltd's Key Ratios

Teekay Tankers Ltd has a market cap of $1.33 billion, indicating a price to book ratio of 1.122 and a price to sales ratio of 1.3325.

In the last 12-months Teekay Tankers Ltd’s revenue was $1.41 billion with a gross profit of $389.69 million and an EBITDA of $635.97 million. The EBITDA ratio measures Teekay Tankers Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Teekay Tankers Ltd’s operating margin was 40.05% while its return on assets stood at 20.75% with a return of equity of 48.59%.

In Q2, Teekay Tankers Ltd’s quarterly earnings growth was a positive 427.7% while revenue growth was a positive 52.9%.

Teekay Tankers Ltd’s PE and PEG Ratio

Forward PE

3.2196

Trailing PE

2.5235

PEG

31.59

Its diluted EPS in the last 12-months stands at $15.53 per share while it has a forward price to earnings multiple of 3.2196 and a PEG multiple of 31.59. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Teekay Tankers Ltd’s profitability.

Teekay Tankers Ltd stock is trading at a EV to sales ratio of 1.8037 and a EV to EBITDA ratio of 8.716. Its price to sales ratio in the trailing 12-months stood at 1.3325.

Teekay Tankers Ltd stock pays annual dividends of $0.5 per share, indicating a yield of 2.57% and a payout ratio of 3.22%.

Balance sheet and cash flow metrics

Total Assets

$1.78 billion

Total Liabilities

$146.24 million

Operating Cash Flow

$-800000.00

Capital Expenditure

$2.26 million

Dividend Payout Ratio

3.22%

Teekay Tankers Ltd ended 2024 with $1.78 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.78 billion while shareholder equity stood at $1.35 billion.

Teekay Tankers Ltd ended 2024 with $0 in deferred long-term liabilities, $146.24 million in other current liabilities, 1304672000.00 in common stock, $44.12 million in retained earnings and $2.43 million in goodwill. Its cash balance stood at $178.85 million and cash and short-term investments were $178.85 million. The company’s total short-term debt was $65,847,000 while long-term debt stood at $0.

Teekay Tankers Ltd’s total current assets stands at $451.41 million while long-term investments were $16.55 million and short-term investments were $0. Its net receivables were $202.22 million compared to accounts payable of $37.42 million and inventory worth $56.80 million.

In 2024, Teekay Tankers Ltd's operating cash flow was $-800000.00 while its capital expenditure stood at $2.26 million.

Comparatively, Teekay Tankers Ltd paid $0.03 in dividends in 2024.

Other key metrics

Current Trading Price

$38.99

52-Week High

$47.4814

52-Week Low

$24.9908

Analyst Target Price

$59

Teekay Tankers Ltd stock is currently trading at $38.99 per share. It touched a 52-week high of $47.4814 and a 52-week low of $47.4814. Analysts tracking the stock have a 12-month average target price of $59.

Its 50-day moving average was $40.92 and 200-day moving average was $37.68 The short ratio stood at 1.65 indicating a short percent outstanding of 0%.

Around 1716.9% of the company’s stock are held by insiders while 5955.9% are held by institutions.