Teekay Tankers Ltd. experienced a significant price increase of 10.30%, reaching a 20-day high. This movement occurs in a mixed market environment, with the Nasdaq-100 slightly up by 0.07% while the S&P 500 is down by 0.34%.
The stock's rise is attributed to sector rotation, as investors are shifting their focus towards energy and shipping sectors, despite the overall mixed performance of the broader market. This indicates a potential shift in investor sentiment favoring companies like Teekay Tankers Ltd. that are positioned to benefit from current market dynamics.
This upward movement may suggest increased investor confidence in Teekay Tankers Ltd.'s operational performance and future prospects, particularly in light of the ongoing demand for shipping services.
Wall Street analysts forecast TNK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TNK is 63.00 USD with a low forecast of 60.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast TNK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TNK is 63.00 USD with a low forecast of 60.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
1 Sell
Hold
Current: 63.330
Low
60.00
Averages
63.00
High
66.00
Current: 63.330
Low
60.00
Averages
63.00
High
66.00
Evercore ISI
Jonathan Chappell
Outperform
upgrade
$53 -> $60
2025-10-28
Reason
Evercore ISI
Jonathan Chappell
Price Target
$53 -> $60
AI Analysis
2025-10-28
upgrade
Outperform
Reason
Evercore ISI analyst Jonathan Chappell raised the firm's price target on Teekay Tankers to $60 from $53 and keeps an Outperform rating on the shares. Heading into the winter season, which is traditionally a time for rising rates, the tanker market setup "looks promising," the analyst tells investors in a note on the group.
BofA
Underperform
maintain
$41 -> $55
2025-10-23
Reason
BofA
Price Target
$41 -> $55
2025-10-23
maintain
Underperform
Reason
BofA raised the firm's price target on Teekay Tankers to $55 from $41 and keeps an Underperform rating on the shares. The firm raised the multiple target it applies to its revised 2026 EBITDA estimate to the midpoint of its historical range as rates remain elevated, but remains concerned on the potential influx of capacity if sanctions are lifted as well as the eventual reopening of the Red Sea, the analyst tells investors.
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BofA
Ken Hoexter
Underperform
downgrade
$42 -> $41
2025-07-11
Reason
BofA
Ken Hoexter
Price Target
$42 -> $41
2025-07-11
downgrade
Underperform
Reason
BofA analyst Ken Hoexter lowered the firm's price target on Teekay Tankers to $41 from $42 and keeps an Underperform rating on the shares. The firm cites declining crude tanker market rates for the price target reduction. BofA believes Suezmax/Aframax rates have fallen to the low to mid $20K/day range to end Q2, due to lower ton miles in May and June, in-line with typical seasonal trends, as well as easing Middle East tensions.
Evercore ISI Group
Jonathan Chappell
Buy
Maintains
$53 → $51
2025-04-22
Reason
Evercore ISI Group
Jonathan Chappell
Price Target
$53 → $51
2025-04-22
Maintains
Buy
Reason
Evercore ISI analyst Jonathan Chappell lowered the firm's price target on Teekay Tankers to $51 from $53 and keeps an Outperform rating on the shares. Despite the stocks in the firm's tanker coverage trading at valuation discounts "only before seen in periods of liquidity/going concern risks" at a time when balance sheets across the sector have "never been stronger," headwinds to widespread interest in the group remain elevated, the analyst tells investors in a tanker sector note. Escalating fears regarding a potential global economic recession amid punitive trade policies is leading to meaningful resets lower of the oil demand picture, adds the analyst, who notes that recessionary periods historically have been "unfavorable to tanker rates" and equities.
About TNK
Teekay Tankers Ltd. is a Bermuda-based company. The Company's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The Company owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The Company also owns a crude carrier (VLCC) through a joint venture. It owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
