Teekay Tankers (TNK) Stock Forecast, Price Target & Predictions
TNK Stock Forecast
Teekay Tankers stock forecast is as follows: an average price target of $76.00 (represents a 77.86% upside from TNK’s last price of $42.73) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
TNK Price Target
The average price target for Teekay Tankers (TNK) is $76.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $76.00 to $76.00. This represents a potential 77.86% upside from TNK's last price of $42.73.
TNK Analyst Ratings
According to 2 Wall Street analysts, Teekay Tankers's rating consensus is 'Buy'. The analyst rating breakdown for TNK stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Teekay Tankers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 09, 2024 | Omar Nokta | Jefferies | $76.00 | $63.54 | 19.61% | 77.86% |
| Nov 29, 2022 | - | Jefferies | $44.00 | $33.44 | 31.58% | 2.97% |
| Aug 04, 2022 | - | Jefferies | $28.00 | $22.69 | 23.40% | -34.47% |
The latest Teekay Tankers stock forecast, released on May 09, 2024 by Omar Nokta from Jefferies, set a price target of $76.00, which represents a 19.61% increase from the stock price at the time of the forecast ($63.54), and a 77.86% increase from TNK last price ($42.73).
Teekay Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $76.00 |
| Last Closing Price | $42.73 | $42.73 | $42.73 |
| Upside/Downside | -100.00% | -100.00% | 77.86% |
In the current month, the average price target of Teekay Tankers stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Teekay Tankers's last price of $42.73. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 01, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 01, 2024 | Evercore ISI | Underperform | Underperform | Hold |
| Jul 23, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jun 21, 2024 | Bank of America Securities | Buy | Buy | Hold |
| May 10, 2024 | Evercore ISI | Underperform | Underperform | Hold |
| May 09, 2024 | Jefferies | Buy | Buy | Hold |
| Jan 19, 2024 | Bank of America Securities | - | Buy | Upgrade |
| Nov 29, 2022 | Jefferies | Buy | Buy | Hold |
| Aug 04, 2022 | Jefferies | Buy | Buy | Hold |
Teekay Tankers's last stock rating was published by Jefferies on Aug 01, 2024. The company gave TNK a "Buy" rating, the same as its previous rate.
Teekay Tankers Financial Forecast
Teekay Tankers Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $394.66M | $367.32M | $279.39M | $242.39M | $174.02M | $160.31M | $115.89M | $123.42M | $142.75M | $127.80M | $170.24M |
| Avg Forecast | $267.22M | $265.30M | $263.39M | $261.50M | $166.98M | $166.98M | $168.53M | $166.68M | $217.50M | $141.50M | $167.50M | $210.00M | $163.40M | $154.19M | $192.19M | $219.70M | $211.83M | $170.18M | $242.67M | $267.18M | $198.86M | $157.21M | $113.74M | $61.46M | $60.92M | $101.51M | $118.29M | $93.73M | $106.72M | $137.77M |
| High Forecast | $288.89M | $286.81M | $284.75M | $282.70M | $180.52M | $180.52M | $182.20M | $180.20M | $235.13M | $152.97M | $181.08M | $245.00M | $176.65M | $162.09M | $192.19M | $237.51M | $229.00M | $258.98M | $262.35M | $288.85M | $214.98M | $157.21M | $113.74M | $61.46M | $60.92M | $101.51M | $118.29M | $93.73M | $106.72M | $137.77M |
| Low Forecast | $246.55M | $244.78M | $243.02M | $241.27M | $154.06M | $154.06M | $155.50M | $153.79M | $200.67M | $130.55M | $154.54M | $175.00M | $150.76M | $146.28M | $192.19M | $202.70M | $195.44M | $142.76M | $223.90M | $246.51M | $183.48M | $157.21M | $113.74M | $61.46M | $60.92M | $101.51M | $118.29M | $93.73M | $106.72M | $137.77M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.48% | 1.85% | 1.78% | 2.13% | 2.83% | 2.63% | 1.14% | 1.04% | 1.52% | 1.20% | 1.24% |
Teekay Tankers's average Quarter revenue forecast for Jun 23 based on 6 analysts is $242.67M, with a low forecast of $223.90M, and a high forecast of $262.35M. TNK's average Quarter revenue forecast represents a -38.51% decrease compared to the company's last Quarter revenue of $394.66M (Mar 23).
Teekay Tankers EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $208.19M | $157.82M | $90.63M | $57.77M | $17.03M | $-5.77M | $-18.31M | $-95.07M | $15.96M | $-15.87M | $298.00K |
| Avg Forecast | $62.60M | $62.14M | $61.70M | $61.25M | $39.11M | $39.11M | $39.48M | $39.04M | $50.95M | $33.15M | $39.24M | $49.19M | $38.28M | $36.12M | $45.02M | $15.49M | $49.62M | $39.86M | $56.84M | $16.57M | $-7.10M | $44.17M | $31.96M | $17.72M | $17.12M | $28.52M | $33.24M | $18.95M | $29.99M | $38.71M |
| High Forecast | $67.67M | $67.18M | $66.70M | $66.22M | $42.28M | $42.28M | $42.68M | $42.21M | $55.08M | $35.83M | $42.42M | $57.39M | $41.38M | $37.97M | $45.02M | $18.59M | $53.64M | $60.67M | $61.45M | $19.88M | $-5.68M | $44.17M | $31.96M | $21.26M | $17.12M | $28.52M | $33.24M | $22.74M | $29.99M | $38.71M |
| Low Forecast | $57.75M | $57.34M | $56.92M | $56.52M | $36.09M | $36.09M | $36.42M | $36.02M | $47.01M | $30.58M | $36.20M | $40.99M | $35.31M | $34.27M | $45.02M | $12.39M | $45.78M | $33.44M | $52.45M | $13.25M | $-8.52M | $44.17M | $31.96M | $14.17M | $17.12M | $28.52M | $33.24M | $15.16M | $29.99M | $38.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.57% | -22.23% | 2.05% | 1.81% | 0.96% | -0.34% | -0.64% | -2.86% | 0.84% | -0.53% | 0.01% |
6 analysts predict TNK's average Quarter EBITDA for Jun 23 to be $56.84M, with a high of $61.45M and a low of $52.45M. This is -72.70% lower than Teekay Tankers's previous annual EBITDA (Mar 23) of $208.19M.
Teekay Tankers Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.37M | $146.43M | $68.05M | $28.55M | $-13.94M | $-39.81M | $-52.05M | $-129.14M | $-21.36M | $-73.29M | $-44.43M |
| Avg Forecast | $112.76M | $111.29M | $109.82M | $106.65M | $108.13M | $106.60M | $104.33M | $101.40M | $123.88M | $62.41M | $89.79M | $105.15M | $78.75M | $65.23M | $109.31M | $-20.74M | $119.00M | $76.55M | $148.95M | $-22.18M | $-49.00M | $60.05M | $21.26M | $-23.72M | $-29.48M | $-54.55M | $-39.42M | $-25.37M | $-33.72M | $3.62M |
| High Forecast | $124.65M | $123.01M | $121.40M | $117.90M | $119.53M | $117.84M | $115.33M | $112.09M | $136.94M | $68.99M | $99.25M | $116.23M | $85.02M | $72.10M | $109.45M | $-16.59M | $131.55M | $81.59M | $164.65M | $-17.74M | $-39.20M | $60.05M | $21.26M | $-18.98M | $-29.48M | $-54.55M | $-39.42M | $-20.30M | $-33.72M | $3.62M |
| Low Forecast | $101.42M | $100.09M | $98.78M | $95.93M | $97.26M | $95.88M | $93.84M | $91.21M | $111.42M | $56.14M | $80.76M | $94.57M | $72.16M | $58.67M | $109.17M | $-24.89M | $107.04M | $71.51M | $133.97M | $-26.62M | $-58.80M | $60.05M | $21.26M | $-28.47M | $-29.48M | $-54.55M | $-39.42M | $-30.45M | $-33.72M | $3.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.64% | -2.99% | 1.13% | 1.34% | 0.59% | 1.35% | 0.95% | 3.28% | 0.84% | 2.17% | -12.27% |
Teekay Tankers's average Quarter net income forecast for Jun 23 is $148.95M, with a range of $133.97M to $164.65M. TNK's average Quarter net income forecast represents a -12.06% decrease compared to the company's last Quarter net income of $169.37M (Mar 23).
Teekay Tankers SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.27M | $10.94M | $9.69M | $11.02M | $10.12M | $9.47M | $10.54M | $12.23M | $11.47M | $10.05M | $9.89M |
| Avg Forecast | $12.67M | $12.58M | $12.49M | $12.40M | $7.92M | $7.92M | $7.99M | $7.90M | $10.31M | $6.71M | $7.94M | $9.96M | $7.75M | $7.31M | $9.11M | $11.13M | $10.04M | $8.07M | $11.51M | $11.91M | $11.66M | $7.45M | $5.39M | $12.74M | $2.89M | $4.81M | $5.61M | $13.62M | $5.06M | $6.53M |
| High Forecast | $13.70M | $13.60M | $13.50M | $13.40M | $8.56M | $8.56M | $8.64M | $8.54M | $11.15M | $7.25M | $8.59M | $11.62M | $8.38M | $7.69M | $9.11M | $13.36M | $10.86M | $12.28M | $12.44M | $14.29M | $13.99M | $7.45M | $5.39M | $15.28M | $2.89M | $4.81M | $5.61M | $16.34M | $5.06M | $6.53M |
| Low Forecast | $11.69M | $11.61M | $11.52M | $11.44M | $7.31M | $7.31M | $7.37M | $7.29M | $9.52M | $6.19M | $7.33M | $8.30M | $7.15M | $6.94M | $9.11M | $8.91M | $9.27M | $6.77M | $10.62M | $9.53M | $9.33M | $7.45M | $5.39M | $10.19M | $2.89M | $4.81M | $5.61M | $10.90M | $5.06M | $6.53M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.94% | 1.30% | 2.04% | 0.79% | 3.28% | 2.19% | 2.18% | 0.84% | 1.99% | 1.51% |
Teekay Tankers's average Quarter SG&A projection for Jun 23 is $11.51M, based on 6 Wall Street analysts, with a range of $10.62M to $12.44M. The forecast indicates a -6.21% fall compared to TNK last annual SG&A of $12.27M (Mar 23).
Teekay Tankers EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.97 | $4.30 | $2.00 | $0.84 | $-0.41 | $-1.17 | $-1.54 | $-3.82 | $-0.63 | $-2.17 | $-1.32 |
| Avg Forecast | $3.24 | $3.20 | $3.16 | $3.07 | $3.11 | $3.07 | $3.00 | $2.92 | $3.56 | $1.80 | $2.58 | $3.02 | $2.27 | $1.88 | $3.14 | $3.80 | $3.42 | $2.20 | $4.28 | $4.79 | $2.92 | $1.73 | $0.61 | $-0.71 | $-0.85 | $-1.57 | $-1.14 | $-0.79 | $-0.97 | $0.10 |
| High Forecast | $3.59 | $3.54 | $3.49 | $3.39 | $3.44 | $3.39 | $3.32 | $3.22 | $3.94 | $1.98 | $2.86 | $3.34 | $2.45 | $2.07 | $3.15 | $4.20 | $3.78 | $2.35 | $4.74 | $5.29 | $3.23 | $1.73 | $0.61 | $-0.71 | $-0.85 | $-1.57 | $-1.14 | $-0.79 | $-0.97 | $0.10 |
| Low Forecast | $2.92 | $2.88 | $2.84 | $2.76 | $2.80 | $2.76 | $2.70 | $2.62 | $3.20 | $1.61 | $2.32 | $2.72 | $2.08 | $1.69 | $3.14 | $3.42 | $3.08 | $2.06 | $3.85 | $4.31 | $2.63 | $1.73 | $0.61 | $-0.71 | $-0.85 | $-1.57 | $-1.14 | $-0.79 | $-0.97 | $0.10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.47% | 1.16% | 1.37% | 0.58% | 1.38% | 0.98% | 3.36% | 0.80% | 2.23% | -12.65% |
According to 6 Wall Street analysts, Teekay Tankers's projected average Quarter EPS for Jun 23 is $4.28, with a low estimate of $3.85 and a high estimate of $4.74. This represents a -13.79% decrease compared to TNK previous annual EPS of $4.97 (Mar 23).