Teekay Tankers Ltd (NYSE:TNK) Receives Average Rating

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Dallas, Texas 03/27/2014 (FINANCIALSTRENDS) – The average rating on Teekay Tankers (NYSE:TNK) shares is a “Hold” from the 11 ratings firms that are now covering the company. Five research-analysts have now rated the Teekay Tankers Ltd (NYSE:TNK) stock with a hold” rating and 4 have assigned a “buy” rating on the company. The average 12 -month PT among brokerages which have issued their ratings on the Teekay Tankers Ltd (NYSE:TNK) stock in the past year is $16.71. Recently, numerous research firms have weighed on the Teekay Tankers Ltd (NYSE:TNK) stock . Analysts at UBS AG have initiated their coverage on Teekay Tankers Ltd (NYSE:TNK) in the research note on 13 March 13th.

They have set a rating of “neutral” and a price target of $4.50 on the stock. Separately, JPMorgan Chase & Co analysts have upped their price target on Teekay Tankers Ltd (NYSE:TNK) shares from $3.65 up to $3.85 in the research note on 10 March 10th. Finally, DNB Markets analysts have upgraded Teekay Tankers Ltd (NYSE:TNK) shares from a “hold” to a “buy” rating in the research note on 26 February. Teekay Tankers Ltd (NYSE:TNK) last released its earnings- data on February 20th. It company reported earnings per share of $0.03 for the quarter, which beat the average projection of $0.05 by $0.02. On an average, analysts project that Teekay Tankers Ltd (NYSE:TNK) will post earnings per share of $0.16 for the current financial year.

Teekay Tankers Ltd (NYSE:TNK) is a global provider of marine-transportation to various global oil industries. Its business is ownership of crude oil & product tankers. Teekay Tankers Ltd (NYSE:TNK) is 100% owned subsidiary of the Teekay Corporation. Its operations are all managed by the Teekay Tankers Management Services Ltd., which is a subsidiary of Teekay Corporation, and which provides to it the commercial, technical and administrative as well as strategic services.

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