Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Teekay Tankers (TNK) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Teekay Tankers currently has an aver ...

The most recent trading session ended with Teekay Tankers (TNK) standing at $62.11, reflecting a +1.62% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.96%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 1.18%. The oil and gas shipping company's stock has climbed by 14.46% in the past month, exceeding the Transportation sector's gain of 1.13% and the S&P 500's gain of 4.3%. The investment community will be paying close attention ...

The most recent trading session ended with Teekay Tankers (TNK) standing at $55.11, reflecting a +0.09% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Coming into today, shares of the oil and gas shipping company had lost 3.72% in the past month. In that same time, the Transportation sector gained 4.24%, while the S&P 500 gained 4.86%. The upcoming earnings releas ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Teekay Tankers (TNK) . Teekay Tankers currently has an average brokerage recommendation (ABR) ...

Teekay Tankers Ltd. (NYSE:TNK) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director of Research and Commercial Performance Conference Call Participants Omar Nokta - Jefferies Operator Welcome to Teekay Tankers Ltd. Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. As a reminder, this call is being recorded. Now for opening remarks and ...

Teekay Tankers (TNK) came out with quarterly earnings of $3.08 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $4.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.94%. A quarter ago, it was expected that this oil and gas shipping company would post earnings of $3.70 per share when it actually produced earnings of $3.86, delivering a surprise of 4.32%. Over the last four qu ...

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024. The full earnings release and earnings presentation are available on the Company's website her ...

The oil and gas shipping company's shares have seen a decrease of 10.94% over the last month, not keeping up with the Transportation sector's loss of 0.1% and the S&P 500's loss of 1.16%. The most recent trading session ended with Teekay Tankers (TNK) standing at $62.61, reflecting a -0.4% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 1.64%, while the tech-heavy Nasdaq appreciated by 1.03%. Investors ...

Estimate Revisions Trend Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). On the other hand, the stock currently carries a Zacks Rank of #3. ...

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Finally, we should also recognize that TNK has a P/CF ratio of 3.71. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This ...