When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
From a technical perspective, Teekay Tankers (TNK) is looking like an interesting pick, as it just reached a key level of support. TNK recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Kenneth Hvid CEO | NYSE Exchange | G8726X106 CUSIP |
| CA Country | 2,330 Employees | 10 Nov 2025 Last Dividend | 25 Nov 2019 Last Split | 13 Dec 2007 IPO Date |
Teekay Tankers Ltd. is a prominent player in the marine transportation sector, offering comprehensive services tailored for the oil industries on both a local and international scale. Founded in 2007 and headquartered in Hamilton, Bermuda, the company specializes in the transportation of commodities, primarily crude and refined oil products. With a robust fleet of 44 double-hulled oil and product tankers, in addition to having chartered in four Aframax/LR2 tankers and one Suezmax tanker as of December 31, 2022, Teekay Tankers Ltd. ensures quality service, underscored by its commitment to safety and efficiency.
Teekay Tankers Ltd. offers a diverse portfolio of products and services designed to meet the varied needs of the oil industry, including: