Teekay Tankers (TNK) News
Market Cap: $1.33B
Avg Volume: 458.87K
Industry: Oil & Gas Midstream
Sector: Energy
Here's Why Teekay Tankers (TNK) Gained But Lagged the Market Today
In the latest trading session, Teekay Tankers (TNK) closed at $38.98, marking a +1.33% move from the previous day.
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Wall Street Analysts See Teekay Tankers (TNK) as a Buy: Should You Invest?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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Is It Worth Investing in Teekay Tankers (TNK) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Teekay Corporation Ltd. (TNK) Q4 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TNK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kenneth Hvid - President, CEO & Director Christian Waldegrave - Director, Research & Commercial Performance Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Merrill Lynch Operator Welcome to the Teekay Group Fourth Quarter 2024 Earnings Results Conference Call.
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Teekay Corporation Ltd. Reports Fourth Quarter and Annual 2024 Results
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
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Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and the year ended December 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025.
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Teekay Tankers (TNK) Falls More Steeply Than Broader Market: What Investors Need to Know
Teekay Tankers (TNK) concluded the recent trading session at $40.43, signifying a -1.03% move from its prior day's close.
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Teekay Group to Announce Fourth Quarter and Annual 2024 Earnings Results on February 19, 2025
HAMILTON, Bermuda, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the fourth quarter and annual 2024 after market close on Wednesday, February 19, 2025.
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Teekay Tankers (TNK) Suffers a Larger Drop Than the General Market: Key Insights
Teekay Tankers (TNK) closed the most recent trading day at $41.70, moving -1.56% from the previous trading session.
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Is Teekay Tankers (TNK) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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Teekay Tankers (TNK) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the latest trading session, Teekay Tankers (TNK) closed at $39.74, marking a +0.61% move from the previous day.
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Teekay Tankers (TNK) Stock Declines While Market Improves: Some Information for Investors
Teekay Tankers (TNK) closed at $40.92 in the latest trading session, marking a -0.56% move from the prior day.
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Teekay Tankers (TNK) Ascends But Remains Behind Market: Some Facts to Note
In the most recent trading session, Teekay Tankers (TNK) closed at $47.31, indicating a +0.32% shift from the previous trading day.
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Teekay Tankers (TNK) Stock Falls Amid Market Uptick: What Investors Need to Know
Teekay Tankers (TNK) concluded the recent trading session at $42.11, signifying a -1.31% move from its prior day's close.
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Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
Teekay Tankers is undervalued, trading near scrap value, despite a fleet with 10 years of operational life and strong free cash flow. The company has a solid financial position with no debt and $462.9 million in cash, aiming to renew its aging fleet. Despite lower expected rates, TNK's fair value is estimated at $50 per share, offering significant upside potential and limited downside risk.
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Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
At the end of October 2024, Teekay Corporation owned 10.6 million Class A and Class B common shares of Teekay Tankers, currently worth ~$403 million. After the Teekay Tankers holdings, the second-largest asset of Teekay Corporation is a net cash position of $281.1 million. Once Teekay Tankers and Teekay Corporation are combined, the net cash balance increases to $744.6 million, which is unparalleled in the tanker industry.
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Teekay Group Announces Changes to Boards of Directors
HAMILTON, Bermuda, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers:
globenewswire.com
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Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap.
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Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK's strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets.
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Teekay Tankers (TNK) Lags Q3 Earnings and Revenue Estimates
Teekay Tankers (TNK) came out with quarterly earnings of $1.83 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.21 per share a year ago.
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Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
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Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024.
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Teekay Tankers (TNK) Ascends While Market Falls: Some Facts to Note
Teekay Tankers (TNK) closed at $50.02 in the latest trading session, marking a +0.72% move from the prior day.
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Teekay Tankers (TNK) Stock Sinks As Market Gains: Here's Why
In the closing of the recent trading day, Teekay Tankers (TNK) stood at $49.66, denoting a -0.8% change from the preceding trading day.
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Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024
HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024.
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Teekay Tankers (TNK) Laps the Stock Market: Here's Why
In the most recent trading session, Teekay Tankers (TNK) closed at $55.42, indicating a +1.86% shift from the previous trading day.
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Brokers Suggest Investing in Teekay Tankers (TNK): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Why the Market Dipped But Teekay Tankers (TNK) Gained Today
In the latest trading session, Teekay Tankers (TNK) closed at $62.11, marking a +1.62% move from the previous day.
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Teekay Tankers (TNK) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Teekay Tankers (TNK) closed at $58.25, marking a -0.1% move from the previous day.
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Wall Street Bulls Look Optimistic About Teekay Tankers (TNK): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
zacks.com
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Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group:
globenewswire.com
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Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks from fleet age and oil demand fluctuations.
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Teekay Tankers Ltd. (TNK) Q2 2024 Earnings Call Transcript
Teekay Tankers Ltd. (NYSE:TNK ) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director of Research and Commercial Performance Conference Call Participants Omar Nokta - Jefferies Operator Welcome to Teekay Tankers Ltd.
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Teekay Tankers (TNK) Misses Q2 Earnings and Revenue Estimates
Teekay Tankers (TNK) came out with quarterly earnings of $3.08 per share, missing the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $4.38 per share a year ago.
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Teekay Corporation Reports Second Quarter 2024 Results
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended June 30, 2024.
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Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2024. The cash dividend is payable on August 23, 2024 to all shareholders of record as at August 12, 2024.
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These 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your Radar
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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Teekay Tankers (TNK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Teekay Tankers (TNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Teekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024
HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024.
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Are Investors Undervaluing Teekay Tankers (TNK) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Teekay Tankers (TNK) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Teekay Tankers (TNK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
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Is Teekay Tankers (TNK) Stock Outpacing Its Transportation Peers This Year?
Here is how Teekay Tankers (TNK) and ZIM Integrated Shipping Services (ZIM) have performed compared to their sector so far this year.
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4 Solid Net Profit Margin Stocks to Strengthen Your Portfolio
Pick these four top-ranked stocks, VIRC, HNI, GLDD and TNK, with solid net profit margins to enhance your portfolio returns.
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Down -7.69% in 4 Weeks, Here's Why You Should You Buy the Dip in Teekay Tankers (TNK)
Teekay Tankers (TNK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
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Shipping Industry Rises 20% Year to Date: 3 Stocks to Buy
As the industry seeks to benefit from the upbeat LPG demand, investing in shipping stocks like KEX, ZIM and TNK can be a prudent move.
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Wall Street Analysts Think Teekay Tankers (TNK) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
zacks.com
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Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
Global transport stocks have outperformed the S&P 500, with the US Global Sea to Sky Cargo ETF up 36% YoY. Teekay Tankers leads the performance with its strong balance sheet, EPS growth, debt-free status, and a recent special dividend. While EPS may top out here, TNK sports strong free cash flow, solid valuation multiples, and technical chart support suggesting continued upside.
seekingalpha.com
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Teekay Tankers (TNK) Is Considered a Good Investment by Brokers: Is That True?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
zacks.com
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Teekay Tankers (TNK) Sees a More Significant Dip Than Broader Market: Some Facts to Know
The latest trading day saw Teekay Tankers (TNK) settling at $69.73, representing a -2% change from its previous close.
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Teekay Tankers (TNK) Just Flashed Golden Cross Signal: Do You Buy?
From a technical perspective, Teekay Tankers (TNK) is looking like an interesting pick, as it just reached a key level of support. TNK recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
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Pick 4 Stocks With Solid Net Profit Margins for Better Returns
Let us take a look at four top-ranked stocks, GCT, GLDD, STRA and TNK, with stellar net profit margins that can help create a winning portfolio.
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Should Value Investors Buy Teekay Tankers (TNK) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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TNK vs. KEX: Which Stock Is the Better Value Option?
Investors looking for stocks in the Transportation - Shipping sector might want to consider either Teekay Tankers (TNK) or Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
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Teekay Corporation Reports First Quarter 2024 Results
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2024.
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Teekay Tankers Ltd. Reports First Quarter 2024 Results and Declares Dividends
HAMILTON, Bermuda, May 09, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended March 31, 2024. In addition, the Board of Directors has declared a special cash dividend of $2.00 per share. These cash dividends are payable on May 31, 2024 to all shareholders of record as at May 21, 2024.
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4 Must-Buy Profitable Stocks Using Net Income Ratio
Option Care Health (OPCH), Merchants Bancorp (MBIN), Teekay Tankers (TNK), and GigaCloud Technology (GCT) have been selected as the top picks with a high net income ratio.
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Opportunity Alert: 3 Undiscovered Stocks About to Explode on Wall Street's Radar
Three equities stand out among the plethora of alternatives as possible Wall Street game-changers. Each represents a distinct industry: energy, cannabis and biotechnology.
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Teekay Tankers (TNK) to Post Q1 Earnings: What's in Store?
High costs are likely to have hurt Teekay Tankers' (TNK) performance in Q1.
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Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024
HAMILTON, Bermuda, May 01, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the first quarter of 2024 before market open on Thursday, May 9, 2024.
globenewswire.com
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TNK or KEX: Which Is the Better Value Stock Right Now?
Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks is more attractive to value investors?
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Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits
The shipping industry, particularly the oil tanker sector, has performed well due to a shortage of vessels and increased global oil transportation needs. Teekay Tankers has significantly reduced its liabilities and offers a high free cash flow yield of 30% with over 20% working capital-to-market capitalization ratio. The company's valuation is higher, and it is seen as a hedge against likely-continuing geopolitical strife.
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Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023
HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2023 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.
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Shipping Industry Rises 20.6% in 6 Months: More Room to Run?
As the industry seeks to benefit from the upbeat LPG demand, investing in shipping stocks like TNK, DAC and DSX can be a prudent move.
zacks.com
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Is Teekay Tankers (TNK) Outperforming Other Transportation Stocks This Year?
Here is how Teekay Tankers (TNK) and Frontier Group Holdings (ULCC) have performed compared to their sector so far this year.
zacks.com
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Is Teekay Tankers (TNK) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
zacks.com
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4 Buy-Ranked Stocks With Solid Net Profit Margin to Buy Now
Let's take a look at four top-ranked stocks, IDCC, EZPW, INSW and TNK, with stellar net profit margins that can help create a winning portfolio.
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Teekay Tankers Ltd. (TNK) Q4 2023 Earnings Call Transcript
Teekay Tankers Ltd. (TNK) Q4 2023 Earnings Call Transcript
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Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares Dividend
HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2023. The cash dividend is payable on March 15, 2024 to all shareholders of record as at March 4, 2024.
globenewswire.com
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Teekay Corporation Reports Fourth Quarter and Annual 2023 Results
HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2023.
globenewswire.com
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What's in Store for Teekay Tankers (TNK) in Q4 Earnings?
High freight rates are likely to have boosted Teekay Tankers' (TNK) Q4 performance.
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Earnings Preview: Teekay Tankers (TNK) Q4 Earnings Expected to Decline
Teekay Tankers (TNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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3 Under-the-Radar Stocks Set to Soar 300% by 2026
In the stock markets, where giants often steal the investment spotlight, hidden gems await discovery. Beyond the limelight lay under-the-radar stocks for 300% growth, teeming with potential and ready to soar to heights unimaginable to many investors.
investorplace.com
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Pick These 4 Solid Net Profit Margin Stocks for Solid Returns
Here we present four top-ranked stocks - EZPW, MOD, TNK and NVGS - with solid net profit margins that can contribute toward making a strong portfolio.
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Best Value Stocks to Buy for February 5th
EZPW, OSK and TNK made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 5, 2023.
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3 Momentum Stocks to Buy to Double Your Money in 2024
Momentum stocks are some of the most popular choices for investors, and for good reason. When high-quality businesses see their stocks prices continue to reach new heights, chasing momentum winners can pay off big.
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These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
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Are You Looking for a Top Momentum Pick? Why Teekay Tankers (TNK) is a Great Choice
Does Teekay Tankers (TNK) have what it takes to be a top stock pick for momentum investors? Let's find out.
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What Makes Teekay Tankers (TNK) a Good Fit for 'Trend Investing'
Teekay Tankers (TNK) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
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The 3 Most Undervalued Russell 2000 Stocks to Buy in January
The Russell 2000 Index is comprised of several small-cap companies predicted to have long-term growth potential. The benchmark ETF that tracks the Russell 2000 Index in the iShares Russell 2000 ETF (NYSEARCA: IWM ).
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JD Henning Cautious About 2024, An Unusual Year For Market Considerations
JD Henning discusses his approach to the market and emphasizes the importance of timing and using momentum gauges to avoid major market downturns. Investing vs trading portfolios.
seekingalpha.com
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Teekay Tankers: Bet On Crude Oil Tankers With The Best Balance Sheet And The Oldest Fleet
Teekay Tankers has 53 vessels at an average age of 14.7 years. 96% of the fleet operates under spot charters.
seekingalpha.com
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Teekay Tankers: A Strong Buy In The Mid-Sized Tankers Market
Teekay Tankers has had a strong performance in Q3-2023, with an EBIT of $526 million and positive net income growth. The company strategically manages its fleet in-house, reducing debt exposure and increasing liquidity, making it a cash flow generator. Industry dynamics, driven by heightened oil demand and supply scarcity, further support Teekay Tankers' favorable outlook.
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5 Low-Leverage Stocks to Buy on Rate Cut Expectations
The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find.
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Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy
Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy
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4 Must-Own Transportation Growth Stocks for 2024 to Buy Now
Here, we present four transportation stocks, LPG, ASC, TNK and ACDVF, which you can add to your portfolio in 2024.
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3 Transportation Stocks Poised to Continue Solid Run in 2024
Here, we present three transportation stocks -- WAB, SKYW, TNK -- which are likely to perform better in 2024.
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Buy These 5 Low-Leverage Stocks as Rate Hike Fear Subsides
The crux of safe investment lies in choosing a debt-free stock, which is almost impossible to find. You may buy ACGL, CB, VNOM, TNK & LMB that have a low debt-to-equity ratio.
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