Teekay Tankers Ltd - Class A Shares Close in on 52-Week High - Market Mover

The shares closed 1.6% below its 52-week high of $61.67, with trading volume lower than its 30 day average

Feb 01, 2024 by Kwhen Finance Editors

Teekay Tankers Ltd - Class A Shares Close in on 52-Week High - Market Mover
Teekay Tankers Ltd - Class A (TNK) shares closed today at 1.6% below its 52 week high of $61.67, giving the company a market cap of $1B. The stock is currently up 18.7% year-to-date, up 103.0% over the past 12 months, and up 646.3% over the past five years. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 1.6%.

Trading Activity

  • Trading volume this week was 39.7% higher than the 20-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
  • MACD, a trend-following momentum indicator, indicates a downward trend.
  • The stock closed above its Bollinger band, indicating it may be overbought.

Fundamentals & Catalysts

  • Over the past 12 months the company generated $187 million in earnings before interest and taxes from $687 million in revenue. It currently holds $87 million in cash and $308 million in debt.
  • Its forward price-to-earnings (P/E) ratio of -8.875983968697707 is lower than its current P/E ratio of 3.18, implying that analysts are expecting an increase in earnings.
  • The company's price/earnings-to-growth ratio (PEG Ratio), a widely used indicator of a stock's true value while also factoring in expected earnings growth, currently stands at 0.08. A fairly valued company should have a PEG ratio of 1.0. When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued.
  • The company's debt-to-equity ratio, which measures the extent to which it finances its operations through debt, currently stands at 1.69 which means it currently has $1.69 of debt for every $1 of equity. Generally speaking, a debt to equity ratio below 1.0 is seen as relatively safe, while ratios of 2.0 or higher would be considered risky. Some industries are known for having much higher debt to equity ratios than others.
  • The company's price-to-book ratio, which measures the market's valuation of a company relative to its book value, currently stands at 0.41. This means that the stock is trading at a discount of 0 times relative to the company's book value which reflects the total value of a company's assets that shareholders of that company would receive if the company were to be liquidated.
  • The company's price-to-sales ratio, which shows how much the market values every dollar of the company's sales, currently stands at 0.64.
  • The company's enterprise value-to-revenue multiple, which is often used to determine a company's valuation in the case of a potential acquisition, currently stands at 1.38.

P/E

3.18

EBITDA

$187M

P/Book

0.41

Mkt Cap

$1B

P/Sales

0.64

Revenue

$687M

EPS (TTM)

15.86

PEG Ratio

0.08

EV/Revenue

1.38

Total Cash

$87M

Debt/Equity

1.69

Forward P/E

-8.88

Current Debt

$308M

Gross Profit

$233M

Dividend Date

-

Earnings Date

2024-02-22

Profit Margin

-0.06

Revenue/Share

23.61

Total Revenue

$687M

Enterprise Val

$949M

Put/Call Ratio

0.69

Revenue/Employee

0.00

Market Comparative Performance

  • The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
  • The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
  • The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
Teekay Tankers Ltd - Class A-2.918.7103.01.6119.1
Dow Jones Industrial Average1.01.815.9-0.524.2
S&P 500 Index1.33.423.8-1.430.2
Industrials1.70.915.9-0.524.2

Peer Group Comparative Performance

  • The company's stock price performance year-to-date beats the peer average by 99.6%
  • The company's stock price performance over the past 12 months beats the peer average by 134.8%
  • The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -46.9% lower than the average peer.
NameMKT CAP (USD)P/EYTD %Δ1 Yr %Δ52-Week H %52-Week L %
Teekay Tankers Ltd - Class ATNK3.218.7103.01.6119.1
Peer AvgN/A6.09.443.9-3.859.8
Frontline LtdFRO6.311.186.5-0.499.7
Golar LngGLNG2.3-2.02.0
DHT Holdings IncDHT9.511.945.9-1.067.4
SFL Corporation LtdSFL16.78.234.0-1.355.0
Nordic American Tankers LtdNAT7.95.568.2-6.370.9
Teekay CorpTK5.121.783.22.696.8
Ardmore Shipping CorpASC016.526.3-9.148.0
KNOT Offshore Partners LP - UnitKNOP02.04.8-14.740.3

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