Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits [Seeking Alpha]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
Company Research
Source: Seeking Alpha
Teekay Tankers has significantly reduced its liabilities and offers a high free cash flow yield of 30% with over 20% working capital-to-market capitalization ratio. The company's valuation is higher, and it is seen as a hedge against likely-continuing geopolitical strife. Low tanker fleet growth over the coming years and sustained demand expansion point toward a prolonged tanker shortage. The shipping industry has been one of the best-performing sectors in recent years, benefiting from the general shortage of large vessels after years of low industry investment. The oil tanker industry has had a solid performance, gaining from both the shortage of shipping vessels and the increased need for global oil transportation amid the geopolitical and economic breakdown of certain trade relationships, notably, oil exports from Russia to Europe and the ongoing disruptions in the Red Sea With improved profitability, key oil shipping stocks such as Teekay Tankers Ltd. ( NYSE: TNK ) have d
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News
- Are Investors Undervaluing Teekay Tankers (TNK) Right Now? [Yahoo! Finance]Yahoo! Finance
- Returns On Capital Are A Standout For Teekay Tankers (NYSE:TNK) [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers Ltd. (NYSE: TNK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TNK or KEX: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
TNK
Earnings
- 2/22/24 - Miss
TNK
Sec Filings
- 4/19/24 - Form 6-K
- 3/15/24 - Form 20-F
- 3/5/24 - Form 144
- TNK's page on the SEC website