Teekay Tankers

TNK · NYSE

$94.47−$0.33 (−0.35%)TodayMarket closed · Oct 20, 7:35 PM ET

Prev close $94.80

TNK analyst rating

HoldConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform1
Sell0

12-month price target · 8 analysts

Average $98.31 (+4.1% upside)

Low: $78.78
Now: $94.47
High: $120.75

Upgrades and downgrades

The latest rating actions, newest first

TNK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Evercore ISI Group	Aug 3, 2026	Maintains	Outperform	$90.00 → $94.00	63%
Evercore ISI Group	Jul 22, 2026	Maintains	Outperform	$86.00 → $90.00	63%
B of A Securities	May 20, 2026	Maintains	Underperform	$69.00 → $75.00	55%
Evercore ISI Group	Apr 22, 2026	Maintains	Outperform	$84.00 → $90.00	63%
Evercore ISI Group	Feb 20, 2026	Maintains	Outperform	$74.00 → $84.00	63%
Jefferies	Oct 30, 2025	Maintains	Buy	$66.00 → $70.00	72%
Evercore ISI Group	Oct 28, 2025	Maintains	Outperform	$53.00 → $60.00	63%

The case for and against

Updated Apr 10, 2026

Bull case

Teekay Tankers Ltd has demonstrated a positive financial outlook, driven by a projected increase in earnings per share (EPS) to $10.90 in 2026, supported by favorable spot rate forecasts of $45,000 per day. The company's earnings and cash flow are poised for significant growth in the upcoming quarters, with spot rates reaching their highest levels since early 2024 and showing strong upward momentum, particularly for Suezmax tankers. Additionally, the company's robust balance sheet is reflected in a cash balance that has risen to $775 million, alongside share performance indicating a 57% year-to-date gain, positioning it favorably at approximately 90% of net asset value (NAV).

Bear case

Teekay Tankers Ltd faces a challenging outlook due to the inherent volatility in charter rates tied to fluctuating oil volumes, which can lead to significant revenue instability. Additionally, the company is negatively impacted by higher interest rates, which correlate with declining ship values, further complicating its financial position. Furthermore, despite trading below its net asset value and at a discount to peers, the market appears to ascribe no value to Teekay's potential for vessel acquisition, further suggesting a lack of confidence in the company's growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.