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 85.28% upside from TNK’s last price of $41.02) 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 85.28% upside from TNK's last price of $41.02.
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% | 85.28% |
| Nov 29, 2022 | Jefferies | $44.00 | $33.44 | 31.58% | 7.26% | |
| Aug 04, 2022 | Jefferies | $28.00 | $22.69 | 23.40% | -31.74% |
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 85.28% increase from TNK last price ($41.02).
Teekay Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $76.00 |
| Last Closing Price | $41.02 | $41.02 | $41.02 |
| Upside/Downside | -100.00% | -100.00% | 85.28% |
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 $41.02. 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 | $191.50M | $144.00M | $163.00M | $195.50M | $157.75M | $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 | $334.89M | $332.48M | $330.08M | $327.71M | $209.26M | $209.26M | $211.21M | $208.89M | $239.99M | $180.46M | $204.27M | $245.00M | $197.70M | $162.09M | $192.19M | $275.32M | $265.46M | $258.98M | $304.12M | $334.83M | $202.85M | $157.21M | $113.74M | $61.46M | $60.92M | $101.51M | $118.29M | $93.73M | $106.72M | $137.77M |
| Low Forecast | $199.56M | $198.13M | $196.70M | $195.29M | $124.70M | $124.70M | $125.86M | $124.48M | $143.01M | $107.54M | $121.73M | $146.00M | $117.81M | $146.28M | $192.19M | $164.07M | $158.20M | $142.76M | $181.23M | $199.53M | $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 | 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 $181.23M, and a high forecast of $304.12M. 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 | $63.54M | $63.08M | $62.63M | $62.18M | $39.70M | $39.70M | $40.07M | $39.63M | $45.53M | $34.24M | $38.76M | $46.48M | $37.51M | $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 | $79.63M | $79.05M | $78.48M | $77.92M | $49.75M | $49.75M | $50.22M | $49.67M | $57.06M | $42.91M | $48.57M | $58.25M | $47.01M | $38.54M | $45.70M | $18.59M | $63.12M | $61.58M | $72.31M | $19.88M | $-5.68M | $44.17M | $31.96M | $21.26M | $17.12M | $28.52M | $33.24M | $22.74M | $29.99M | $38.71M |
| Low Forecast | $47.45M | $47.11M | $46.77M | $46.43M | $29.65M | $29.65M | $29.93M | $29.60M | $34.00M | $25.57M | $28.94M | $34.71M | $28.01M | $34.78M | $45.70M | $12.39M | $37.61M | $33.94M | $43.09M | $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 $72.31M and a low of $43.09M. 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 | 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 | $99.09M | $97.84M | $96.50M | $93.67M | $95.15M | $93.87M | $91.78M | $89.00M | $105.06M | $52.52M | $75.80M | $84.90M | $65.16M | $65.23M | $109.29M | $-20.74M | $118.88M | $76.55M | $148.94M | $-22.18M | $-49.00M | $60.05M | $21.26M | $-23.72M | $-29.48M | $-54.55M | $-39.42M | $-25.37M | $-33.72M | $3.62M |
| High Forecast | $131.71M | $130.05M | $128.27M | $124.50M | $126.47M | $124.76M | $121.99M | $118.29M | $139.65M | $69.81M | $100.74M | $112.85M | $70.63M | $86.70M | $109.43M | $-16.59M | $158.01M | $81.59M | $197.97M | $-17.74M | $-39.20M | $60.05M | $21.26M | $-18.98M | $-29.48M | $-54.55M | $-39.42M | $-20.30M | $-33.72M | $3.62M |
| Low Forecast | $66.47M | $65.64M | $64.74M | $62.84M | $63.83M | $62.97M | $61.57M | $59.70M | $70.48M | $35.23M | $50.85M | $56.96M | $59.31M | $43.76M | $109.16M | $-24.89M | $79.75M | $71.51M | $99.92M | $-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 $148.94M, with a range of $99.92M to $197.97M. 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 | $9.08M | $6.83M | $7.73M | $9.27M | $7.48M | $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 | $15.88M | $15.77M | $15.65M | $15.54M | $9.92M | $9.92M | $10.01M | $9.90M | $11.38M | $8.56M | $9.69M | $11.62M | $9.37M | $7.69M | $9.11M | $13.36M | $12.59M | $12.28M | $14.42M | $14.29M | $13.99M | $7.45M | $5.39M | $15.28M | $2.89M | $4.81M | $5.61M | $16.34M | $5.06M | $6.53M |
| Low Forecast | $9.46M | $9.39M | $9.33M | $9.26M | $5.91M | $5.91M | $5.97M | $5.90M | $6.78M | $5.10M | $5.77M | $6.92M | $5.59M | $6.94M | $9.11M | $8.91M | $7.50M | $6.77M | $8.59M | $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 $8.59M to $14.42M. 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 | $2.85 | $2.81 | $2.78 | $2.69 | $2.74 | $2.70 | $2.64 | $2.56 | $3.02 | $1.51 | $2.18 | $2.44 | $1.87 | $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 | $3.79 | $3.74 | $3.69 | $3.58 | $3.64 | $3.59 | $3.51 | $3.40 | $4.02 | $2.01 | $2.90 | $3.25 | $2.03 | $2.49 | $3.15 | $5.05 | $4.54 | $2.35 | $5.69 | $6.36 | $3.00 | $1.73 | $0.61 | $-0.71 | $-0.85 | $-1.57 | $-1.14 | $-0.79 | $-0.97 | $0.10 |
| Low Forecast | $1.91 | $1.89 | $1.86 | $1.81 | $1.84 | $1.81 | $1.77 | $1.72 | $2.03 | $1.01 | $1.46 | $1.64 | $1.71 | $1.26 | $3.14 | $2.55 | $2.29 | $2.06 | $2.87 | $3.21 | $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 $2.87 and a high estimate of $5.69. This represents a -13.80% decrease compared to TNK previous annual EPS of $4.97 (Mar 23).