Teekay Tankers Stock Price on September 3, 2024

TNK Stock  USD 39.75  0.66  1.69%   
Below is the normalized historical share price chart for Teekay Tankers extending back to December 13, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Teekay Tankers stands at 39.75, as last reported on the 25th of December, with the highest price reaching 39.99 and the lowest price hitting 38.76 during the day.
IPO Date
13th of December 2007
200 Day MA
57.0866
50 Day MA
44.516
Beta
(0.33)
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Teekay Stock, it is important to understand the factors that can impact its price. Teekay Tankers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of risk over the last 3 months. Teekay Tankers exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teekay Tankers' Variance of 4.21, risk adjusted performance of (0.19), and Coefficient Of Variation of (417.24) to confirm the risk estimate we provide.
  
At this time, Teekay Tankers' Total Stockholder Equity is quite stable compared to the past year. Capital Stock is expected to rise to about 1.4 B this year, although the value of Other Stockholder Equity will most likely fall to 0.00. . At this time, Teekay Tankers' Price Fair Value is quite stable compared to the past year. Teekay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.3132

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Estimated Market Risk

 1.93
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.6
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.31
  actual daily
0
Most of other assets perform better
Based on monthly moving average Teekay Tankers is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Teekay Tankers by adding Teekay Tankers to a well-diversified portfolio.
Price Book
0.7696
Enterprise Value Ebitda
1.7766
Price Sales
1.1462
Shares Float
23.3 M
Dividend Share
0.25

Teekay Tankers Main Headline on 3rd of September 2024

Convergence Investment Partners LLC Acquires Shares of 13,921 Teekay Tankers Ltd. MarketBeat

Teekay Tankers Valuation on September 3, 2024

It is possible to determine the worth of Teekay Tankers on a given historical date. On September 3, 2024 Teekay was worth 55.7 at the beginning of the trading date compared to the closed value of 54.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teekay Tankers stock. Still, in general, we apply an absolute valuation method to find Teekay Tankers' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Teekay Tankers where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teekay Tankers' related companies.
 Open High Low Close Volume
  56.08    56.97    55.90    56.57    235,853  
09/03/2024
  55.70    56.02    53.78    54.00    337,919  
  53.66    54.55    52.96    53.43    246,720  
Backtest Teekay Tankers  |  Teekay Tankers History  |  Teekay Tankers Valuation   PreviousNext  
Open Value
55.7
54.0
Closing Value
61.48
Upside

Teekay Tankers Trading Date Momentum on September 3, 2024

On September 04 2024 Teekay Tankers was traded for  53.43  at the closing time. Highest Teekay Tankers's price during the trading hours was 54.55  and the lowest price during the day was  52.96 . The net volume was 246.7 K. The overall trading history on the 4th of September contributed to the next trading period price depreciation. The trading price change to the next next day price was 1.06% . The trading price change to current price is 2.39% .

Teekay Tankers Fundamentals Correlations and Trends

By evaluating Teekay Tankers' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teekay Tankers' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teekay financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Teekay Tankers Stock history

Teekay Tankers investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Teekay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teekay Tankers will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Teekay Tankers stock prices may prove useful in developing a viable investing in Teekay Tankers
Last ReportedProjected for Next Year
Common Stock Shares Outstanding34.6 M18.7 M
Net Income Applicable To Common Shares206.2 M216.5 M

Teekay Tankers Stock Technical Analysis

Teekay Tankers technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Teekay Tankers technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Teekay Tankers trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Teekay Tankers Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Teekay Tankers cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Teekay Tankers December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Teekay Tankers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teekay Tankers shares will generate the highest return on investment. By undertsting and applying Teekay Tankers stock market strength indicators, traders can identify Teekay Tankers entry and exit signals to maximize returns

Teekay Tankers Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Teekay Tankers' price direction in advance. Along with the technical and fundamental analysis of Teekay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teekay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Teekay Tankers is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Tankers Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Tankers Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay Tankers. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Dividend Share
0.25
Earnings Share
12.18
Revenue Per Share
34.7
Quarterly Revenue Growth
(0.15)
The market value of Teekay Tankers is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay Tankers' value that differs from its market value or its book value, called intrinsic value, which is Teekay Tankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay Tankers' market value can be influenced by many factors that don't directly affect Teekay Tankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay Tankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.