Last $4.85 USD
Change Today +0.11 / 2.32%
Volume 2.5M
TNK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

teekay tankers ltd-class a (TNK) Snapshot

Open
$4.75
Previous Close
$4.74
Day High
$4.88
Day Low
$4.68
52 Week High
12/15/14 - $5.95
52 Week Low
02/3/14 - $3.18
Market Cap
523.2M
Average Volume 10 Days
2.9M
EPS TTM
$0.30
Shares Outstanding
91.2M
EX-Date
10/15/14
P/E TM
16.3x
Dividend
$0.12
Dividend Yield
2.46%
Current Stock Chart for TEEKAY TANKERS LTD-CLASS A (TNK)

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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.

1,000 Employees
Last Reported Date: 04/30/14

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. Agrees to Acquire Five Modern Aframax Tankers

Teekay Tankers Ltd. announced that it has agreed to acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately $230 million. The five vessels, which are expected to be delivered in the first quarter of 2015, were constructed in 2008, 2010 and 2011 at top tier shipyards in Japan and China. Upon delivery, the vessels will trade in the Teekay-managed Taurus LR2 Pool and Aframax RSA. The vessel acquisitions have been approved by the Board of Directors of both Teekay Tankers and the sellers and remain subject to customary closing conditions.

Teekay Tankers Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Teekay Tankers Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $53,470,000 against $39,479,000 a year ago. Income from operations was $6,013,000 against loss of $9,730,000 a year ago. Net income was $5,862,000 or $0.07 per basic and diluted share against loss of $14,591,000 or $0.17 per basic and diluted share a year ago. Adjusted net income attributable to shareholders of the company was $2,585,000 or $0.03 per share against adjusted net loss attributable to shareholders of the company of $4,031,000 or $0.05 per share a year ago. The increase in adjusted net income attributable to its shareholders is primarily due to stronger spot tanker rates in the third quarter of 2014 compared to the same period in the prior year, an increase in fleet size due to the addition of six in-chartered vessels delivered during 2014 and higher equity income due to commercial and technical management fees earned through the company's 50% interest in the conventional tanker commercial management and technical management operations purchased from Teekay Corporation on August 1, 2014. For the nine months, the company reported total revenues of $159,662,000 against $127,924,000 a year ago. Income from operations was $37,284,000 against loss from operations of $13,760,000 a year ago. Net income was $36,883,000 or $0.43 per diluted share against loss of $22,268,000 or $0.27 per diluted share a year ago. Net operating cash flow was $8,632,000 against $320,000 reported a year ago. Expenditures for vessels and equipment were $1,449,000 against $1,489,000 reported a year ago. Adjusted net income attributable to shareholders of the company was $15,342,000 or $0.18 per share against adjusted net loss attributable to shareholders of the company of $13,892,000 or $0.17 per share a year ago. The increase in adjusted net income attributable to its shareholders is primarily due to stronger spot tanker rates for the first nine months of 2014 compared to the same period in the prior year, an increase in fleet size due to addition of six in-chartered vessels delivered during 2014, an increase in interest income recognized from the company's investment in term loans, which concluded in March 2014, and higher equity income from the company's equity accounted investments for the nine months ended September 30, 2014 as compared to the same period in the prior year.

TNK Seeks Acquisitions

Teekay Tankers Ltd. (NYSE:TNK) is seeking acquisitions. Kevin Mackay, Chief Executive Officer of TNK said, “I don't think it's too late to look at M&A, but we'll evaluate all potential acquisitions and investments on an ongoing basis.”

 

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Industry Analysis

TNK

Industry Average

Valuation TNK Industry Range
Price/Earnings 8.0x
Price/Sales 2.2x
Price/Book 1.3x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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