Teekay Tankers (TNK) Stock Forecast, Price Target & Predictions


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TNK Stock Forecast


Teekay Tankers stock forecast is as follows: an average price target of $76.00 (represents a 62.81% upside from TNK’s last price of $46.68) 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 62.81% upside from TNK's last price of $46.68.

TNK Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 09, 2024Omar NoktaJefferies$76.00$63.5419.61%62.81%
Nov 29, 2022-Jefferies$44.00$33.4431.58%-5.74%
Aug 04, 2022-Jefferies$28.00$22.6923.40%-40.02%
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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 62.81% increase from TNK last price ($46.68).

Teekay Tankers Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$76.00
Last Closing Price$46.68$46.68$46.68
Upside/Downside-100.00%-100.00%62.81%

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 $46.68. 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


DateCompanyPrevious RatingNew RatingRating Change
Aug 01, 2024JefferiesBuyBuyHold
Aug 01, 2024Evercore ISIUnderperformUnderperformHold
Jul 23, 2024Evercore ISIOutperformOutperformHold
Jun 21, 2024Bank of America SecuritiesBuyBuyHold
May 10, 2024Evercore ISIUnderperformUnderperformHold
May 09, 2024JefferiesBuyBuyHold
Jan 19, 2024Bank of America Securities-BuyUpgrade
Nov 29, 2022JefferiesBuyBuyHold
Aug 04, 2022JefferiesBuyBuyHold
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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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$220.50M$142.00M$169.00M$212.50M$170.17M$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$305.74M$303.54M$301.36M$299.19M$191.04M$191.04M$192.83M$190.71M$252.28M$162.47M$193.36M$214.47M$194.70M$162.09M$192.19M$251.36M$242.36M$258.98M$277.65M$305.69M$227.52M$157.21M$113.74M$61.46M$60.92M$101.51M$118.29M$93.73M$106.72M$137.77M
Low Forecast$228.74M$227.09M$225.46M$223.83M$142.93M$142.93M$144.26M$142.67M$188.74M$121.55M$144.66M$210.54M$145.66M$146.28M$192.19M$188.05M$181.32M$142.76M$207.72M$228.70M$170.22M$157.21M$113.74M$61.46M$60.92M$101.51M$118.29M$93.73M$106.72M$137.77M
# Analysts111111111112422447632222345667
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 $207.72M, and a high forecast of $277.65M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422447632222345667
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$75.09M$74.55M$74.01M$73.48M$46.92M$46.92M$47.36M$46.84M$61.96M$39.90M$47.49M$59.71M$47.81M$43.32M$54.00M$15.49M$59.52M$47.82M$68.19M$16.57M$-7.10M$44.17M$31.96M$17.72M$17.12M$28.52M$33.24M$18.95M$29.99M$38.71M
High Forecast$85.91M$85.29M$84.68M$84.07M$53.68M$53.68M$54.18M$53.59M$70.89M$45.65M$54.33M$60.26M$54.71M$45.55M$54.00M$18.59M$68.10M$72.77M$78.02M$19.88M$-5.68M$44.17M$31.96M$21.26M$17.12M$28.52M$33.24M$22.74M$29.99M$38.71M
Low Forecast$64.27M$63.81M$63.35M$62.89M$40.16M$40.16M$40.53M$40.09M$53.03M$34.15M$40.65M$59.16M$40.93M$41.10M$54.00M$12.39M$50.95M$40.11M$58.37M$13.25M$-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 $68.19M, with a high of $78.02M and a low of $58.37M. This is -67.25% lower than Teekay Tankers's previous annual EBITDA (Mar 23) of $208.19M.

Teekay Tankers Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422447632222345667
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$115.02M$113.39M$111.78M$108.47M$109.81M$108.14M$105.74M$102.68M$120.37M$64.46M$91.85M$111.61M$87.36M$65.25M$109.31M$-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$136.57M$134.64M$132.72M$128.79M$130.38M$128.40M$125.55M$121.92M$142.92M$76.54M$109.06M$132.53M$103.73M$77.48M$109.45M$-16.59M$141.30M$81.59M$176.86M$-17.74M$-39.20M$60.05M$21.26M$-18.98M$-29.48M$-54.55M$-39.42M$-20.30M$-33.72M$3.62M
Low Forecast$93.48M$92.16M$90.85M$88.16M$89.25M$87.89M$85.94M$83.45M$97.83M$52.39M$74.65M$90.72M$71.01M$53.03M$109.17M$-24.89M$96.72M$71.51M$121.06M$-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 $121.06M to $176.86M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422447632222345667
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$10.46M$6.73M$8.01M$10.08M$8.07M$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$14.50M$14.39M$14.29M$14.19M$9.06M$9.06M$9.14M$9.04M$11.96M$7.70M$9.17M$10.17M$9.23M$7.69M$9.11M$13.36M$11.49M$12.28M$13.17M$14.29M$13.99M$7.45M$5.39M$15.28M$2.89M$4.81M$5.61M$16.34M$5.06M$6.53M
Low Forecast$10.85M$10.77M$10.69M$10.61M$6.78M$6.78M$6.84M$6.77M$8.95M$5.76M$6.86M$9.98M$6.91M$6.94M$9.11M$8.91M$8.60M$6.77M$9.85M$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 $9.85M to $13.17M. The forecast indicates a -6.21% fall compared to TNK last annual SG&A of $12.27M (Mar 23).

Teekay Tankers EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422447632222345667
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$3.31$3.26$3.22$3.12$3.16$3.11$3.04$2.95$3.46$1.85$2.64$3.21$2.51$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$3.93$3.87$3.82$3.70$3.75$3.69$3.61$3.51$4.11$2.20$3.14$3.81$2.98$2.23$3.15$4.52$4.06$2.35$5.09$5.69$3.47$1.73$0.61$-0.71$-0.85$-1.57$-1.14$-0.79$-0.97$0.10
Low Forecast$2.69$2.65$2.61$2.54$2.57$2.53$2.47$2.40$2.81$1.51$2.15$2.61$2.04$1.53$3.14$3.09$2.78$2.06$3.48$3.89$2.38$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 $3.48 and a high estimate of $5.09. This represents a -13.79% decrease compared to TNK previous annual EPS of $4.97 (Mar 23).

Teekay Tankers Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DHTDHT$10.30$16.9064.08%Buy
TNKTeekay Tankers$46.68$76.0062.81%Buy
EURNEuronav NV$16.74$21.0025.45%Hold
STNGScorpio Tankers$58.39$69.8319.59%Buy
TNPTsakos Energy Navigation$29.28$26.00-11.20%Buy

TNK Forecast FAQ


Yes, according to 2 Wall Street analysts, Teekay Tankers (TNK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of TNK's total ratings.

Teekay Tankers (TNK) average price target is $76 with a range of $76 to $76, implying a 62.81% from its last price of $46.68. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for TNK stock, the company can go up by 62.81% (from the last price of $46.68 to the average price target of $76), up by 62.81% based on the highest stock price target, and up by 62.81% based on the lowest stock price target.

TNK's average twelve months analyst stock price target of $76 supports the claim that Teekay Tankers can reach $70 in the near future.

Teekay Tankers's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $669.17M (high $765.62M, low $572.79M), average EBITDA is $188.03M (high $215.13M, low $160.95M), average net income is $426.37M (high $506.25M, low $346.53M), average SG&A $31.73M (high $36.3M, low $27.16M), and average EPS is $12.26 (high $14.56, low $9.97). TNK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.06B (high $1.21B, low $905.12M), average EBITDA is $297.12M (high $339.94M, low $254.32M), average net income is $448.66M (high $532.72M, low $364.65M), average SG&A $50.14M (high $57.37M, low $42.92M), and average EPS is $12.91 (high $15.32, low $10.49).

Based on Teekay Tankers's last annual report (Dec 2022), the company's revenue was $1.06B, beating the average analysts forecast of $531.27M by 100.11%. Apple's EBITDA was $352.14M, beating the average prediction of $86.75M by 305.92%. The company's net income was $229.09M, beating the average estimation of $8.59M by 2567.56%. Apple's SG&A was $41.77M, beating the average forecast of $37.24M by 12.16%. Lastly, the company's EPS was $6.74, beating the average prediction of $4.56 by 47.72%. In terms of the last quarterly report (Mar 2023), Teekay Tankers's revenue was $394.66M, beating the average analysts' forecast of $267.18M by 47.71%. The company's EBITDA was $208.19M, beating the average prediction of $16.57M by 1156.67%. Teekay Tankers's net income was $169.37M, missing the average estimation of $-22.18M by -863.61%. The company's SG&A was $12.27M, beating the average forecast of $11.91M by 3.04%. Lastly, the company's EPS was $4.97, beating the average prediction of $4.79 by 3.79%