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Last $6.87 USD
Change Today -0.3101 / -4.32%
Volume 928.0K
TNK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:51 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

teekay tankers ltd-class a (TNK) Snapshot

Open
$7.13
Previous Close
$7.18
Day High
$7.14
Day Low
$6.84
52 Week High
06/3/15 - $7.88
52 Week Low
10/8/14 - $3.30
Market Cap
791.6M
Average Volume 10 Days
2.2M
EPS TTM
$0.55
Shares Outstanding
98.5M
EX-Date
07/15/15
P/E TM
12.5x
Dividend
$0.12
Dividend Yield
1.74%
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. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.

1,239 Employees
Last Reported Date: 04/28/15
Founded in 2007

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 Ltd. Declares Dividend for the Quarter Ended June 30, 2015 Payable on July 31, 2015

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

Teekay Tankers Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Teekay Tankers Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported adjusted net income attributable to its shareholders of $39.0 million, or $0.34 per share, for the quarter ended March 31, 2015, compared to $16.9 million, or $0.20 per share, for the same period in the prior year. The increase is primarily due to stronger spot tanker rates in the first quarter of 2015 compared to the same period in the prior year, an increase in fleet size due to the acquisition of four LR2 product tankers and one Aframax tanker in the first quarter of 2015 and the addition of 10 in-chartered vessels delivered during 2014. Total revenues were $103,878,000 against $61,759,000 a year ago. Income from operations was $40,304,000 against $20,780,000 a year ago. Net operating cash flow was $39,755,000 against $4,862,000 a year ago. Expenditures for vessels and equipment were $226,916,000 against $365,000 a year ago.

Teekay Tankers Ltd. Reports Earnings Results for the First Quarter of 2015

Teekay Tankers Ltd. reported earnings results for the first quarter of 2015. Teekay Tankers reported adjusted net income of $0.34 per share in the first quarter, a substantial increase from the fourth quarter adjusted net income of $0.21 per share. The improved results were primarily driven by stronger Suezmax, Aframax and LR2 spot tanker rates earned in the first quarter, combined with an 18% increase in the number of spot tanker operating days as a result of vessel additions during the past 2 quarters. The company generated free cash flow of $53 million or $0.46 per share during the quarter, up from $31.7 million or $0.35 per share in the fourth quarter of 2014. The company reported adjusted net income attributable to shareholders rose to $39 million from $16.9 million a year earlier. The increase was due to stronger spot tanker rates and an increase in fleet size. GAAP net income was $39.0 million or $0.34 per share, up from $26.4 million or $0.31 per share in the prior-year period. Revenues totaled $103.9 million, up from $61.8 million in the year-ago period.

 

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TNK Competitors

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KNOT Offshore Partners LP $18.65 USD -1.00
Navios Maritime Acquisition Corp $3.72 USD -0.11
Nordic American Tankers Ltd $14.92 USD +0.1301
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Industry Analysis

TNK

Industry Average

Valuation TNK Industry Range
Price/Earnings 9.7x
Price/Sales 3.0x
Price/Book 1.6x
Price/Cash Flow 6.8x
TEV/Sales 0.2x
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