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 42.32% upside from TNK’s last price of $53.40) 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 42.32% upside from TNK's last price of $53.40.
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% | 42.32% |
| Nov 29, 2022 | - | Jefferies | $44.00 | $33.44 | 31.58% | -17.60% |
| Aug 04, 2022 | - | Jefferies | $28.00 | $22.69 | 23.40% | -47.57% |
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 42.32% increase from TNK last price ($53.40).
Teekay Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $76.00 |
| Last Closing Price | $53.40 | $53.40 | $53.40 |
| Upside/Downside | -100.00% | -100.00% | 42.32% |
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 $53.40. 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 | $328.15M | $325.78M | $323.44M | $321.11M | $166.98M | $166.98M | $168.53M | $166.68M | $237.00M | $138.50M | $159.00M | $210.50M | $249.07M | $169.20M | $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 | $425.99M | $422.93M | $419.88M | $416.86M | $216.77M | $216.77M | $218.79M | $216.38M | $307.67M | $179.80M | $206.41M | $273.27M | $323.33M | $219.65M | $249.50M | $285.21M | $274.99M | $258.98M | $315.03M | $346.85M | $258.16M | $204.09M | $113.74M | $64.35M | $63.79M | $106.29M | $123.86M | $98.14M | $111.75M | $144.26M |
| Low Forecast | $249.42M | $247.63M | $245.84M | $244.07M | $126.92M | $126.92M | $128.10M | $126.69M | $180.14M | $105.27M | $120.85M | $160.00M | $189.31M | $128.61M | $146.08M | $166.99M | $161.01M | $142.76M | $184.45M | $203.08M | $151.15M | $119.50M | $113.74M | $58.57M | $58.06M | $96.74M | $112.73M | $89.32M | $101.70M | $131.29M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 5 | 5 |
| 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 $184.45M, and a high forecast of $315.03M. 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 5 | 5 |
| 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 | $92.20M | $91.54M | $90.88M | $90.23M | $46.92M | $46.92M | $47.36M | $46.84M | $66.59M | $38.92M | $44.68M | $59.15M | $69.98M | $47.54M | $54.00M | $15.49M | $59.52M | $47.82M | $68.19M | $16.57M | $55.88M | $-25.29M | $31.96M | $17.72M | $-6.45M | $-19.99M | $-77.70M | $18.95M | $-12.34M | $409.36K |
| High Forecast | $119.70M | $118.84M | $117.98M | $117.13M | $60.91M | $60.91M | $61.48M | $60.80M | $86.45M | $50.52M | $58.00M | $76.78M | $90.85M | $61.72M | $70.11M | $18.59M | $77.27M | $72.77M | $88.52M | $19.88M | $72.54M | $-20.23M | $31.96M | $21.26M | $-5.16M | $-16.00M | $-62.16M | $22.74M | $-9.87M | $491.23K |
| Low Forecast | $70.08M | $69.58M | $69.08M | $68.58M | $35.66M | $35.66M | $35.99M | $35.60M | $50.62M | $29.58M | $33.96M | $44.96M | $53.19M | $36.14M | $41.05M | $12.39M | $45.24M | $40.11M | $51.83M | $13.25M | $42.47M | $-30.35M | $31.96M | $14.17M | $-7.75M | $-23.99M | $-93.24M | $15.16M | $-14.81M | $327.49K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.57% | 2.82% | -3.58% | 1.81% | 0.96% | 0.89% | 0.92% | 1.22% | 0.84% | 1.29% | 0.73% |
6 analysts predict TNK's average Quarter EBITDA for Jun 23 to be $68.19M, with a high of $88.52M and a low of $51.83M. This is -67.25% 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 5 | 5 |
| 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 | $116.42M | $114.71M | $113.00M | $109.59M | $110.85M | $109.12M | $106.63M | $103.45M | $138.12M | $80.06M | $90.74M | $135.23M | $161.29M | $87.24M | $109.12M | $-20.74M | $118.80M | $76.41M | $148.69M | $-22.18M | $101.51M | $-71.91M | $21.22M | $-23.72M | $-44.55M | $-56.85M | $-105.55M | $-25.37M | $-57.00M | $-61.04M |
| High Forecast | $161.55M | $159.17M | $156.80M | $152.08M | $153.81M | $151.43M | $147.96M | $143.56M | $191.66M | $111.09M | $125.91M | $187.66M | $223.81M | $90.35M | $151.42M | $-16.59M | $164.85M | $81.45M | $206.33M | $-17.74M | $140.86M | $-57.53M | $21.22M | $-18.98M | $-35.64M | $-45.48M | $-84.44M | $-20.30M | $-45.60M | $-48.83M |
| Low Forecast | $80.11M | $78.93M | $77.76M | $75.41M | $76.28M | $75.09M | $73.37M | $71.19M | $95.04M | $55.09M | $62.44M | $93.06M | $110.98M | $83.78M | $75.09M | $-24.89M | $81.75M | $71.38M | $102.32M | $-26.62M | $69.85M | $-86.29M | $21.22M | $-28.47M | $-53.46M | $-68.21M | $-126.66M | $-30.45M | $-68.40M | $-73.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.64% | 1.44% | -0.95% | 1.35% | 0.59% | 0.89% | 0.92% | 1.22% | 0.84% | 1.29% | 0.73% |
Teekay Tankers's average Quarter net income forecast for Jun 23 is $148.69M, with a range of $102.32M to $206.33M. TNK's average Quarter net income forecast represents a -12.21% 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 5 | 5 |
| 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 | $15.56M | $15.45M | $15.34M | $15.23M | $7.92M | $7.92M | $7.99M | $7.90M | $11.24M | $6.57M | $7.54M | $9.98M | $11.81M | $8.02M | $9.11M | $11.13M | $10.04M | $8.07M | $11.51M | $11.91M | $9.43M | $14.56M | $5.39M | $12.74M | $10.60M | $11.51M | $10.00M | $13.62M | $7.82M | $13.58M |
| High Forecast | $20.20M | $20.05M | $19.91M | $19.77M | $10.28M | $10.28M | $10.37M | $10.26M | $14.59M | $8.53M | $9.79M | $12.96M | $15.33M | $10.42M | $11.83M | $13.36M | $13.04M | $12.28M | $14.94M | $14.29M | $12.24M | $17.48M | $5.39M | $15.28M | $12.72M | $13.81M | $12.00M | $16.34M | $9.38M | $16.30M |
| Low Forecast | $11.83M | $11.74M | $11.66M | $11.57M | $6.02M | $6.02M | $6.07M | $6.01M | $8.54M | $4.99M | $5.73M | $7.59M | $8.98M | $6.10M | $6.93M | $8.91M | $7.63M | $6.77M | $8.75M | $9.53M | $7.17M | $11.65M | $5.39M | $10.19M | $8.48M | $9.21M | $8.00M | $10.90M | $6.25M | $10.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.16% | 0.67% | 2.04% | 0.79% | 0.89% | 0.92% | 1.22% | 0.84% | 1.29% | 0.73% |
Teekay Tankers's average Quarter SG&A projection for Jun 23 is $11.51M, based on 6 Wall Street analysts, with a range of $8.75M to $14.94M. 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 4 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 5 | 5 |
| 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 | $3.35 | $3.31 | $3.26 | $3.16 | $3.19 | $3.14 | $3.07 | $2.98 | $3.98 | $2.31 | $2.61 | $3.90 | $4.65 | $2.51 | $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 | $4.65 | $4.59 | $4.52 | $4.38 | $4.43 | $4.36 | $4.26 | $4.14 | $5.52 | $3.20 | $3.63 | $5.41 | $6.45 | $2.60 | $4.36 | $5.28 | $4.75 | $2.35 | $5.95 | $6.64 | $4.06 | $2.40 | $0.61 | $-0.66 | $-0.80 | $-1.48 | $-1.07 | $-0.74 | $-0.91 | $0.11 |
| Low Forecast | $2.31 | $2.27 | $2.24 | $2.17 | $2.20 | $2.16 | $2.11 | $2.05 | $2.74 | $1.59 | $1.80 | $2.68 | $3.20 | $2.41 | $2.16 | $2.62 | $2.36 | $2.06 | $2.95 | $3.29 | $2.01 | $1.19 | $0.61 | $-0.75 | $-0.90 | $-1.67 | $-1.21 | $-0.84 | $-1.03 | $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 $2.95 and a high estimate of $5.95. This represents a -13.79% decrease compared to TNK previous annual EPS of $4.97 (Mar 23).
Teekay Tankers Peer Comparison by Price Target
TNK Forecast FAQ
Is Teekay Tankers a good buy?
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.
What is TNK's price target?
Teekay Tankers (TNK) average price target is $76 with a range of $76 to $76, implying a 42.32% from its last price of $53.4. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Teekay Tankers stock go up soon?
According to Wall Street analysts' prediction for TNK stock, the company can go up by 42.32% (from the last price of $53.4 to the average price target of $76), up by 42.32% based on the highest stock price target, and up by 42.32% based on the lowest stock price target.
Can Teekay Tankers stock reach $80?
TNK's average twelve months analyst stock price target of $76 does not support the claim that Teekay Tankers can reach $80 in the near future.
What are Teekay Tankers's analysts' financial forecasts?
Teekay Tankers's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $669.17M (high $868.71M, low $508.63M), average EBITDA is $188.03M (high $244.09M, low $142.92M), average net income is $430.05M (high $596.75M, low $295.93M), average SG&A $31.73M (high $41.19M, low $24.12M), and average EPS is $12.39 (high $17.19, low $8.53). TNK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.3B (high $1.69B, low $986.96M), average EBITDA is $364.85M (high $473.65M, low $277.32M), average net income is $453.72M (high $629.6M, low $312.21M), average SG&A $61.57M (high $79.93M, low $46.8M), and average EPS is $13.07 (high $18.14, low $9).
Did the TNK's actual financial results beat the analysts' financial forecasts?
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 $80.26M by 338.74%. The company's net income was $229.09M, beating the average estimation of $27.1M by 745.32%. Apple's SG&A was $41.77M, missing the average forecast of $42.12M by -0.84%. 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%