Somewhat Positive Press Coverage Somewhat Unlikely to Impact Teekay Tankers (TNK) Stock Price

News coverage about Teekay Tankers (NYSE:TNK) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay Tankers earned a news impact score of 0.07 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 45.9839497411063 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of research firms have recently weighed in on TNK. ValuEngine downgraded shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Seaport Global Securities set a $3.00 target price on shares of Teekay Tankers and gave the stock a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Teekay Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Bank of America cut their target price on shares of Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating on the stock in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.95.

Shares of Teekay Tankers (NYSE TNK) opened at $1.38 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.73. Teekay Tankers has a 1 year low of $1.30 and a 1 year high of $2.70. The company has a market cap of $370.12, a P/E ratio of -4.93 and a beta of 2.29.

Teekay Tankers (NYSE:TNK) last posted its earnings results on Thursday, November 9th. The shipping company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Teekay Tankers had a negative net margin of 11.43% and a negative return on equity of 0.99%. The business had revenue of $91.20 million for the quarter, compared to the consensus estimate of $68.67 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue was down 16.8% compared to the same quarter last year. analysts predict that Teekay Tankers will post -0.15 earnings per share for the current year.

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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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