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Last $6.66 USD
Change Today +0.09 / 1.37%
Volume 958.7K
TNK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

teekay tankers ltd-class a (TNK) Snapshot

Open
$6.58
Previous Close
$6.57
Day High
$6.77
Day Low
$6.57
52 Week High
01/13/15 - $7.05
52 Week Low
05/7/14 - $3.18
Market Cap
718.5M
Average Volume 10 Days
1.3M
EPS TTM
$0.43
Shares Outstanding
91.2M
EX-Date
04/15/15
P/E TM
15.4x
Dividend
$0.12
Dividend Yield
1.80%
Current Stock Chart for TEEKAY TANKERS LTD-CLASS A (TNK)

teekay tankers ltd-class a (TNK) Related Businessweek News

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teekay tankers ltd-class a (TNK) Details

Teekay Tankers Ltd., together with its subsidiaries, is engaged in the marine transportation of crude oil and refined petroleum products worldwide. It owns and operates crude oil and product tankers. As of April 30, 2014, it owned a fleet of 29 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, 2 very large crude carrier tankers, 3 long range 2 product tankers, 3 medium-range product tankers, and 1 time-chartered in Aframax tanker, as well as a 50%-owned very large crude carrier tanker. Teekay Tankers Ltd. is headquartered in Hamilton, Bermuda.

teekay tankers ltd-class a (TNK) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

teekay tankers ltd-class a (TNK) Key Developments

Teekay Tankers To Reportedly Acquire AET Tankers

Teekay Tankers Ltd. (NYSE:TNK) is reportedly eyeing AET Tankers Pte Limited.

Teekay Tankers Ltd. Declares Dividend for the Quarter Ended March 31, 2015 Payable on April 30, 2015

Teekay Tankers Ltd. announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended March 31, 2015. The cash dividend is payable on April 30, 2015 to all shareholders of record as at April 17, 2015.

Teekay Tankers Ltd. Reports Earnings Results for the Fourth Quarter and Full Year of Fiscal 2014; Provides Free Cash Flow Guidance for the Twelve Months Ending December 31, 2015

Teekay Tankers reported earnings results for the fourth quarter and full year of fiscal 2014. For the quarter, the company reported GAAP net income of $0.22 per share, up 29% from $0.17 per share in fourth quarter 2013. On an adjusted basis, net income was $0.21 per share, compared to a net loss of $0.03 per share for the prior year period. Total revenues were $75.9 million, up 80% from $42.2 million reported for the same period last year. Income from operations was $20.987 million against $17.171 million reported for the same period last year. Diluted earnings per share attributable to shareholders of the company were $0.22 against $0.17 reported for the same period last year. Free cash flow was $31.710 million or $0.35 per share. Adjusted net income attributable to shareholders of the company was $18.6 million, or $0.21 per share (excluding specific items which increased GAAP net income by $1.7 million, or $0.01 per share) compared to an adjusted net loss of $2.4 million, or $0.03 per share, in the fourth quarter 2013. For fiscal year 2014, the company earned adjusted net income of $0.39 per share compared to an adjusted net loss of $0.20 per share in fiscal year 2013. The improved results were primarily due to stronger Suezmax, Aframax and LR2 spot tanker rates earned in 2014, combined with strategic initiatives to increase spot market exposure. Total revenues were $235.593 million, against $170.087 million reported for the same period last year. Income from operations was $58.271 million against $3.411 million reported for the same period last year. Net income was $57.142 million against net loss of $8.138 million reported for the same period last year. Diluted earnings per share attributable to shareholders of the company were $0.66 against diluted loss per share attributable to shareholders of the company of $0.10 reported for the same period last year. Net operating cash flow was $13.603 million against $6.202 million reported for the same period last year. Expenditures for vessels and equipment were $2.063 million against $1.904 million reported for the same period last year. Adjusted net income attributable to shareholders shareholders of the company was $33.918 million or $0.39 per share against adjusted net loss attributable to shareholders shareholders of the company of $16.304 million or $0.20 per share A year ago. Based on the company’s expectation that the spot tanker market will remain firm, the increase in spot exposure should translate into increased earnings and free cash flow. For the twelve month period ending December 31, 2015, free cash flow per share is expected to increase by $0.51 per share compared to $0.35 per share for the 12-month period ended December 31, 2014. This increase in earnings power highlights company's strong operating leverage to the firming spot tanker market.

 

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Industry Analysis

TNK

Industry Average

Valuation TNK Industry Range
Price/Earnings 10.1x
Price/Sales 2.6x
Price/Book 1.3x
Price/Cash Flow 6.9x
TEV/Sales NM Not Meaningful
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