Somewhat Positive News Coverage Somewhat Unlikely to Impact Teekay Tankers (TNK) Share Price

Media headlines about Teekay Tankers (NYSE:TNK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay Tankers earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 46.3854384844892 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Teekay Tankers (NYSE TNK) traded down 4.49% during mid-day trading on Tuesday, hitting $1.49. The stock had a trading volume of 661,648 shares. Teekay Tankers has a 52 week low of $1.37 and a 52 week high of $2.78. The firm’s market cap is $267.01 million. The stock has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.73.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Teekay Tankers had a positive return on equity of 0.39% and a negative net margin of 7.38%. The company had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $80.68 million. During the same quarter in the previous year, the firm earned $0.20 EPS. Teekay Tankers’s revenue was down 36.0% on a year-over-year basis. Equities research analysts expect that Teekay Tankers will post ($0.07) EPS for the current fiscal year.

TNK has been the subject of several recent analyst reports. Zacks Investment Research upgraded Teekay Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub cut Teekay Tankers from a “sell” rating to a “strong sell” rating in a report on Sunday, August 13th. ValuEngine cut Teekay Tankers from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, TheStreet cut Teekay Tankers from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Teekay Tankers presently has a consensus rating of “Sell” and a consensus price target of $1.77.

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About Teekay Tankers

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.

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