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 102.61% upside from TNK’s last price of $37.51) 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 102.61% upside from TNK's last price of $37.51.
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% | 102.61% |
| Nov 29, 2022 | Jefferies | $44.00 | $33.44 | 31.58% | 17.30% | |
| Aug 04, 2022 | Jefferies | $28.00 | $22.69 | 23.40% | -25.35% |
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 102.61% increase from TNK last price ($37.51).
Teekay Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $76.00 |
| Last Closing Price | $37.51 | $37.51 | $37.51 |
| Upside/Downside | -100.00% | -100.00% | 102.61% |
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 $37.51. 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 | $272.58M | $270.62M | $268.68M | $266.74M | $170.33M | $170.33M | $171.91M | $170.03M | $221.86M | $144.34M | $170.86M | $214.21M | $166.68M | $162.09M | $192.19M | $224.10M | $216.08M | $258.98M | $247.54M | $272.54M | $202.85M | $157.21M | $113.74M | $61.46M | $60.92M | $101.51M | $118.29M | $93.73M | $106.72M | $137.77M |
| Low Forecast | $263.16M | $261.26M | $259.38M | $257.52M | $164.44M | $164.44M | $165.97M | $164.15M | $214.19M | $139.35M | $164.95M | $206.80M | $160.92M | $146.28M | $192.19M | $216.35M | $208.61M | $142.76M | $238.98M | $263.12M | $195.83M | $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 | 1 | 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 $238.98M, and a high forecast of $247.54M. 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 | 1 | 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 | $63.54M | $63.08M | $62.63M | $62.18M | $39.70M | $39.70M | $40.07M | $39.63M | $51.72M | $33.64M | $39.83M | $49.93M | $38.85M | $36.66M | $45.70M | $15.49M | $50.37M | $40.46M | $57.70M | $16.57M | $-7.10M | $44.17M | $31.96M | $17.72M | $17.12M | $28.52M | $33.24M | $18.95M | $29.99M | $38.71M |
| High Forecast | $64.81M | $64.35M | $63.88M | $63.42M | $40.50M | $40.50M | $40.88M | $40.43M | $52.75M | $34.32M | $40.63M | $50.93M | $39.63M | $38.54M | $45.70M | $18.59M | $51.38M | $61.58M | $58.86M | $19.88M | $-5.68M | $44.17M | $31.96M | $21.26M | $17.12M | $28.52M | $33.24M | $22.74M | $29.99M | $38.71M |
| Low Forecast | $62.57M | $62.12M | $61.67M | $61.23M | $39.10M | $39.10M | $39.46M | $39.03M | $50.93M | $33.13M | $39.22M | $49.17M | $38.26M | $34.78M | $45.70M | $12.39M | $49.60M | $33.94M | $56.82M | $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 $57.70M, with a high of $58.86M and a low of $56.82M. This is -72.28% 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 | 1 | 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 | $99.49M | $98.24M | $96.90M | $94.06M | $95.54M | $94.22M | $92.06M | $89.46M | $118.40M | $51.53M | $78.46M | $98.15M | $73.53M | $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 | $102.09M | $100.81M | $99.43M | $96.51M | $98.03M | $96.68M | $94.46M | $91.79M | $121.49M | $52.88M | $80.51M | $100.71M | $79.39M | $66.93M | $109.45M | $-16.59M | $122.11M | $81.59M | $152.83M | $-17.74M | $-39.20M | $60.05M | $21.26M | $-18.98M | $-29.48M | $-54.55M | $-39.42M | $-20.30M | $-33.72M | $3.62M |
| Low Forecast | $97.53M | $96.30M | $94.98M | $92.20M | $93.65M | $92.36M | $90.24M | $87.69M | $116.06M | $50.51M | $76.91M | $96.21M | $67.38M | $63.94M | $109.17M | $-24.89M | $116.65M | $71.51M | $146.00M | $-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 $146.00M to $152.83M. 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 | 1 | 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 | $12.93M | $12.83M | $12.74M | $12.65M | $8.08M | $8.08M | $8.15M | $8.06M | $10.52M | $6.84M | $8.10M | $10.16M | $7.90M | $7.69M | $9.11M | $13.36M | $10.25M | $12.28M | $11.74M | $14.29M | $13.99M | $7.45M | $5.39M | $15.28M | $2.89M | $4.81M | $5.61M | $16.34M | $5.06M | $6.53M |
| Low Forecast | $12.48M | $12.39M | $12.30M | $12.21M | $7.80M | $7.80M | $7.87M | $7.78M | $10.16M | $6.61M | $7.82M | $9.81M | $7.63M | $6.94M | $9.11M | $8.91M | $9.89M | $6.77M | $11.33M | $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 $11.33M to $11.74M. 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 | 1 | 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 | $2.86 | $2.83 | $2.79 | $2.71 | $2.75 | $2.71 | $2.65 | $2.57 | $3.41 | $1.48 | $2.26 | $2.82 | $2.12 | $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 | $2.94 | $2.90 | $2.86 | $2.78 | $2.82 | $2.78 | $2.72 | $2.64 | $3.49 | $1.52 | $2.32 | $2.90 | $2.28 | $1.93 | $3.15 | $3.90 | $3.51 | $2.35 | $4.40 | $4.91 | $3.00 | $1.73 | $0.61 | $-0.71 | $-0.85 | $-1.57 | $-1.14 | $-0.79 | $-0.97 | $0.10 |
| Low Forecast | $2.81 | $2.77 | $2.73 | $2.65 | $2.69 | $2.66 | $2.60 | $2.52 | $3.34 | $1.45 | $2.21 | $2.77 | $1.94 | $1.84 | $3.14 | $3.73 | $3.36 | $2.06 | $4.20 | $4.69 | $2.87 | $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 $4.20 and a high estimate of $4.40. This represents a -13.79% decrease compared to TNK previous annual EPS of $4.97 (Mar 23).