TNK Stock Summary and Trading Ideas (Teekay Tankers Ltd. | NYSE:TNK)

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.

Teekay Tankers Ltd. trades on the NYSE stock market under the symbol TNK.

As of January 17, 2025, TNK stock price declined to $43.60 with 452,782 million shares trading.

TNK has a market cap of $1.50 billion. This is considered a Small Cap stock.

Last quarter Teekay Tankers Ltd. reported $243 million in Revenue and $1.84 earnings per share. This beat revenue expectation by $35 million and missed earnings estimates by -$.28.

In the last 3 years, TNK traded as high as $74.20 and as low as $9.89.

The top ETF exchange traded funds that TNK belongs to (by Net Assets): AVUV, IWM, DFAT, IWN, BSVO.

TNK has underperformed the market in the last year with a return of -17.8%, while the SPY ETF gained +28.0%. In the last 3 month period, TNK fell short of the market, returning -20.8%, while SPY returned +3.0%. However, in the most recent 2 weeks TNK has outperformed the stock market by returning +9.2%, while SPY returned +1.0%.

TNK support price is $43.21 and resistance is $45.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNK shares will trade within this expected range on the day.