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Teekay Tankers downgraded to Hold from Buy at DNB Markets » 05:12
04/12/21
04/12
05:12
04/12/21
05:12
TNK

Teekay Tankers

$13.55 /

-0.48 (-3.42%)

DNB Markets analyst…

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TNK Teekay Tankers
$13.55 /

-0.48 (-3.42%)

03/29/21 H.C. Wainwright
Teekay Tankers initiated with a Buy at H.C. Wainwright
01/29/21 Jefferies
Teekay Tankers price target lowered to $17 from $20 at Jefferies
08/14/20 BofA
Teekay Tankers double-downgraded to Underperform from Buy at BofA
06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
TNK Teekay Tankers
$13.55 /

-0.48 (-3.42%)

Over a week ago
Initiation
Teekay Tankers initiated with a Buy at H.C. Wainwright » 06:55
03/29/21
03/29
06:55
03/29/21
06:55
TNK

Teekay Tankers

$14.93 /

+0.505 (+3.50%)

H.C. Wainwright analyst…

H.C. Wainwright analyst Magnus Fyhr initiated coverage of Teekay Tankers with a Buy rating and $22 price target as he started coverage of twelve crude and product tanker companies, telling investors that he thinks structural themes, paired with a cyclical recovery, set up an "attractive investment opportunity" in the crude and product tanker sectors. He sees the shift towards refined products and petrochemicals, as well as shifts in global refinery capacity, resulting in continued product tanker demand growth, the analyst stated.

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TNK Teekay Tankers
$14.93 /

+0.505 (+3.50%)

01/29/21 Jefferies
Teekay Tankers price target lowered to $17 from $20 at Jefferies
08/14/20 BofA
Teekay Tankers double-downgraded to Underperform from Buy at BofA
06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
TNK Teekay Tankers
$14.93 /

+0.505 (+3.50%)

Over a month ago
Earnings
Teekay Tankers reports Q4 adjusted EPS ($1.21), consensus (99c) » 05:32
02/25/21
02/25
05:32
02/25/21
05:32
TNK

Teekay Tankers

$13.36 /

+0.36 (+2.77%)

Reports Q4 revenue…

Reports Q4 revenue $127.8M, consensus $85.35M. "Crude spot tanker rate weakness persisted into the fourth quarter of 2020 as a result of OPEC+ production cuts resulting from reduced oil demand related to the COVID-19 pandemic and the unwinding of floating storage," commented Kevin Mackay, Teekay Tankers' president and CEO. "Despite the pronounced weakness in the fourth quarter and unprecedented challenges faced throughout 2020, Teekay Tankers nevertheless reported one of our best ever annual results."

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TNK Teekay Tankers
$13.36 /

+0.36 (+2.77%)

01/29/21 Jefferies
Teekay Tankers price target lowered to $17 from $20 at Jefferies
08/14/20 BofA
Teekay Tankers double-downgraded to Underperform from Buy at BofA
06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
TNK Teekay Tankers
$13.36 /

+0.36 (+2.77%)

Recommendations
Teekay Tankers price target lowered to $17 from $20 at Jefferies » 08:02
01/29/21
01/29
08:02
01/29/21
08:02
TNK

Teekay Tankers

$10.34 /

-0.365 (-3.41%)

Jefferies analyst Randy…

Jefferies analyst Randy Giveans lowered the firm's price target on Teekay Tankers to $17 from $20 and keeps a Buy rating on the shares. During the quarter, LNG carrier spot rates soared on strong demand from Asia, dry bulk rates were "highly volatile on choppy Brazilian iron ore production," and crude and refined products tanker rates remained under pressure, Giveans tells investors s part of his Q4 preview for the maritime group.

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TNK Teekay Tankers
$10.34 /

-0.365 (-3.41%)

08/14/20 BofA
Teekay Tankers double-downgraded to Underperform from Buy at BofA
06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
TNK Teekay Tankers
$10.34 /

-0.365 (-3.41%)

Over a quarter ago
Earnings
Teekay Tankers reports Q3 adj. EPS 9c, consensus 19c » 05:25
11/12/20
11/12
05:25
11/12/20
05:25
TNK

Teekay Tankers

$11.11 /

-0.175 (-1.55%)

Reports Q3 revenue…

Reports Q3 revenue $170.24M, consensus $132.39M. "Despite weaker spot tanker rates and a heavy drydock schedule during the third quarter of 2020, Teekay Tankers reported an adjusted net income of $3.1 million, or $0.09 per share, as we benefitted from well-timed fixed-rate charters secured over the last several quarters at rates meaningfully above current spot market levels," commented Kevin Mackay, Teekay Tankers' president and CEO.

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TNK Teekay Tankers
$11.11 /

-0.175 (-1.55%)

08/14/20 BofA
Teekay Tankers double-downgraded to Underperform from Buy at BofA
06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
TNK Teekay Tankers
$11.11 /

-0.175 (-1.55%)

TNK Teekay Tankers
$11.11 /

-0.175 (-1.55%)

Downgrade
Teekay Tankers double-downgraded to Underperform from Buy at BofA » 06:18
08/14/20
08/14
06:18
08/14/20
06:18
TNK

Teekay Tankers

$14.91 /

-1.01 (-6.34%)

BofA analyst Ken Hoexter…

BofA analyst Ken Hoexter double-downgraded Teekay Tankers to Underperform from Buy with a price target of $14, down from $20. The analyst believes that the peak has passed and tanker rates will now decline in the second half of the year and into 2021 as floating storage vessels return to the trading fleet. Hoexter adds that medium-term tanker fundamentals remain solid, but rate pressures will likely overhang on Teekay Tankers shares.

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TNK Teekay Tankers
$14.91 /

-1.01 (-6.34%)

TNK Teekay Tankers
$14.91 /

-1.01 (-6.34%)

06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
11/18/19 BofA
Teekay Tankers upgraded two notches to Buy from Underperform at BofA/Merrill
TNK Teekay Tankers
$14.91 /

-1.01 (-6.34%)

TNK Teekay Tankers
$14.91 /

-1.01 (-6.34%)

Earnings
Teekay Tankers reports Q2 adj. EPS $2.39, consensus $2.56 » 05:32
08/13/20
08/13
05:32
08/13/20
05:32
TNK

Teekay Tankers

$15.92 /

+0.46 (+2.98%)

Reports Q1 revenue…

Reports Q1 revenue $246.49M, consensus $250.47M. Reports GAAP EPS $2.91. "Teekay Tankers reported another profitable quarter in the second quarter of 2020, generating adjusted net income of approximately $80.7 million, or $2.39 per share," commented Kevin Mackay, Teekay Tankers' President and Chief Executive Officer. "The unprecedented impact of COVID-19 continues to be a major area of focus for us, but we have thus far successfully navigated the evolving logistical and regulatory challenges with minimal impact on our operations. As a result of the pandemic, the overall maritime industry has experienced significant challenges related to crew changes, but I am pleased to report that we have safely changed-out a number of crew members on effectively all of our vessels. We continue to work hard with both the industry and inter-governmental organizations to tackle this challenge and bring our remaining overdue colleagues home safely as soon as possible. I am truly proud of how our seafarers and onshore colleagues have responded to ensure crew rotations are completed safely and seamlessly, with no reported COVID-19 cases or interrupted service for our customers. We continue to increase our financial strength, which is one of our strategic priorities," continued Mr. Mackay. "During the second quarter alone, we generated free cash flow of approximately $126 million and opportunistically sold non-core assets, contributing to a net debt reduction of over $180 million, or approximately 25 percent, to $549 million and increasing our liquidity to $468 million at June 30th. Over the past year, we have transformed our balance sheet, reducing our net debt by approximately $445 million, or 45 percent, and increasing our liquidity by $348 million. In addition, we secured a new 3-year term loan to refinance our last 2021 debt maturity, eliminating any debt maturities until 2023 and further improving our financial flexibility. Mr. Mackay added, "We experienced our third straight quarter of strong spot tanker rates and earnings; however, spot tanker rates have come under pressure since mid-May 2020 as a result of the unwinding of floating storage and record OPEC+ production cuts, in addition to lower non-OPEC production, which reduced crude exports. At this point, the near-term outlook is uncertain, but we are pleased to have significantly reduced our effective free cash flow breakevens and near-term spot exposure by locking-in 23 percent of the tanker fleet on fixed-rate contracts at attractive rates, and we are encouraged by fleet supply fundamentals which are markedly more favourable relative to prior market cycles. With a low free cash flow breakeven of approximately $12,700 per day through to mid-2021 as a result of recent well-timed fixed-rate charter contracts, a strong liquidity position, low balance sheet leverage and no debt maturities until 2023, we believe that Teekay Tankers is financially well-positioned to continue creating shareholder value throughout a wide range of possible near-term market conditions."

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TNK Teekay Tankers
$15.92 /

+0.46 (+2.98%)

TNK Teekay Tankers
$15.92 /

+0.46 (+2.98%)

06/02/20 Fearnley
Teekay Tankers downgraded to Hold from Buy at Fearnley
05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
11/18/19 BofA
Teekay Tankers upgraded two notches to Buy from Underperform at BofA/Merrill
TNK Teekay Tankers
$15.92 /

+0.46 (+2.98%)

TNK Teekay Tankers
$15.92 /

+0.46 (+2.98%)

Downgrade
Teekay Tankers downgraded to Hold from Buy at Fearnley » 05:39
06/02/20
06/02
05:39
06/02/20
05:39
TNK

Teekay Tankers

$17.32 /

-0.04 (-0.23%)

Fearnley analyst Espen…

Fearnley analyst Espen Fjermestad downgraded Teekay Tankers to Hold from Buy with a $15 price target.

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TNK Teekay Tankers
$17.32 /

-0.04 (-0.23%)

TNK Teekay Tankers
$17.32 /

-0.04 (-0.23%)

05/28/20 DNB Markets
Teekay Tankers upgraded to Buy from Hold at DNB Markets
03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
11/18/19 BofA
Teekay Tankers upgraded two notches to Buy from Underperform at BofA/Merrill
11/18/19 BofA
Teekay Tankers upgraded to Buy from Underperform at BofA/Merrill
TNK Teekay Tankers
$17.32 /

-0.04 (-0.23%)

TNK Teekay Tankers
$17.32 /

-0.04 (-0.23%)

Upgrade
Teekay Tankers upgraded to Buy from Hold at DNB Markets » 05:29
05/28/20
05/28
05:29
05/28/20
05:29
TNK

Teekay Tankers

$18.51 /

+1.6 (+9.46%)

DNB Markets analyst Mats…

DNB Markets analyst Mats Bye upgraded Teekay Tankers to Buy from Hold with a $21 price target.

ShowHide Related Items >><<
TNK Teekay Tankers
$18.51 /

+1.6 (+9.46%)

TNK Teekay Tankers
$18.51 /

+1.6 (+9.46%)

03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
11/18/19 BofA
Teekay Tankers upgraded two notches to Buy from Underperform at BofA/Merrill
11/18/19 BofA
Teekay Tankers upgraded to Buy from Underperform at BofA/Merrill
10/23/19 Jefferies
Jefferies upgrades Teekay Tankers to Buy, boosts target to $2.50 from $1.50
TNK Teekay Tankers
$18.51 /

+1.6 (+9.46%)

TNK Teekay Tankers
$18.51 /

+1.6 (+9.46%)

On The Fly
Fly Intel: Pre-market Movers » 09:16
05/21/20
05/21
09:16
05/21/20
09:16
KDMN

Kadmon

$4.38 /

+0.01 (+0.23%)

, TGP

Teekay LNG

$11.70 /

+0.66 (+5.98%)

, TNK

Teekay Tankers

$16.08 /

+0.4 (+2.55%)

, BJ

BJ's Wholesale

$28.98 /

+0.52 (+1.83%)

, EXPE

Expedia

$79.64 /

+3.26 (+4.27%)

, HRL

Hormel Foods

$48.00 /

+0.61 (+1.29%)

, MDT

Medtronic

$98.04 /

+0.94 (+0.97%)

, BBY

Best Buy

$81.35 /

-2.145 (-2.57%)

, TJX

TJX

$50.81 /

+0.52 (+1.03%)

, TTWO

Take-Two

$146.99 /

+4.73 (+3.32%)

, BSX

Boston Scientific

$37.19 /

+1.78 (+5.03%)

Check out this morning's…

ShowHide Related Items >><<
TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

TNK Teekay Tankers
$16.08 /

+0.4 (+2.55%)

TJX TJX
$50.81 /

+0.52 (+1.03%)

TGP Teekay LNG
$11.70 /

+0.66 (+5.98%)

MDT Medtronic
$98.04 /

+0.94 (+0.97%)

KDMN Kadmon
$4.38 /

+0.01 (+0.23%)

HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

EXPE Expedia
$79.64 /

+3.26 (+4.27%)

BSX Boston Scientific
$37.19 /

+1.78 (+5.03%)

BJ BJ's Wholesale
$28.98 /

+0.52 (+1.83%)

BBY Best Buy
$81.35 /

-2.145 (-2.57%)

KDMN Kadmon
$4.38 /

+0.01 (+0.23%)

05/19/20 Raymond James
Kadmon initiated with an Outperform at Raymond Jame
05/19/20 Raymond James
Kadmon initiated with an Outperform at Raymond James
03/16/20 Nomura
Kadmon news of FDA meeting a positive, says Nomura Instinet
01/10/20 Nomura
Kadmon initiated with a Buy at Nomura Instinet
TGP Teekay LNG
$11.70 /

+0.66 (+5.98%)

10/02/19
Teekay Corp. Investor Day has been postponed
TNK Teekay Tankers
$16.08 /

+0.4 (+2.55%)

03/09/20 DNB Markets
Teekay Tankers downgraded to Hold from Buy at DNB Markets
11/18/19 BofA
Teekay Tankers upgraded two notches to Buy from Underperform at BofA/Merrill
11/18/19 BofA
Teekay Tankers upgraded to Buy from Underperform at BofA/Merrill
10/23/19 Jefferies
Jefferies upgrades Teekay Tankers to Buy, boosts target to $2.50 from $1.50
BJ BJ's Wholesale
$28.98 /

+0.52 (+1.83%)

05/14/20 Credit Suisse
BJ's Wholesale price target raised to $31 from $26 at Credit Suisse
05/01/20 JPMorgan
Ulta Beauty, BJ's best near-term picks in retail, says JPMorgan
04/15/20 Citi
BJ's Wholesale assumed with a Neutral from Buy at Citi
04/14/20 Loop Capital
BJ's Wholesale price target raised to $35 from $30 at Loop Capital
EXPE Expedia
$79.64 /

+3.26 (+4.27%)

05/21/20 Credit Suisse
Expedia price target raised to $101 from $90 at Credit Suisse
05/21/20 Deutsche Bank
Expedia price target raised to $112 from $87 at Deutsche Bank
05/21/20 Benchmark
Expedia price target lowered to $103 from $155 at Benchmark
05/21/20 RBC Capital
Expedia price target raised to $90 from $71 at RBC Capital
HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

04/29/20
Fly Intel: Top five analyst downgrades
04/29/20 Piper Sandler
Hormel downgraded to Neutral on foodservice risk at Piper Sandler
04/28/20 Piper Sandler
Hormel Foods downgraded to Neutral from Overweight at Piper Sandler
03/26/20
Fly Intel: Top five analyst upgrades
MDT Medtronic
$98.04 /

+0.94 (+0.97%)

05/14/20 DZ Bank
Medtronic downgraded to Hold from Buy at DZ Bank
04/28/20 Piper Sandler
Untreated heart attacks negative for Abiomed, says Piper Sandler
04/22/20 Wells Fargo
Medtronic price target lowered to $108 from $130 at Wells Fargo
04/09/20 Raymond James
Medtronic price target lowered to $110 from $122 at Raymond James
BBY Best Buy
$81.35 /

-2.145 (-2.57%)

05/18/20
Fly Intel: Top five analyst upgrades
05/18/20 Telsey Advisory
Best Buy upgraded to Outperform from Market Perform at Telsey Advisory
05/14/20
Fly Intel: Top five analyst upgrades
05/14/20 Wells Fargo
Best Buy price target raised to $75 from $60 at Wells Fargo
TJX TJX
$50.81 /

+0.52 (+1.03%)

05/19/20 Jefferies
TJX to benefit from 'biggest liquidation sale in history,' says Jefferies
05/11/20 Nomura
TJX price target raised to $59 from $56 at Nomura Instinet
05/04/20 Barclays
TJX price target lowered to $60 from $74 at Barclays
04/29/20
Fly Intel: Top five analyst upgrades
TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

05/21/20 Wedbush
Take-Two price target raised to $170 from $131 at Wedbush
05/21/20 MKM Partners
Take-Two price target raised to $145 from $124 at MKM Partners
05/21/20 Oppenheimer
Take-Two price target raised to $155 from $145 at Oppenheimer
05/21/20 Morgan Stanley
Take-Two price target raised to $150 from $140 at Morgan Stanley
BSX Boston Scientific
$37.19 /

+1.78 (+5.03%)

05/10/20 Piper Sandler
FLX to further strengthen Boston category leadership in LAAC, says Piper Sandler
04/22/20 SVB Leerink
Boston Scientific downgraded to Market Perform at SVB Leerink on slower recovery
04/22/20 SVB Leerink
Boston Scientific downgraded to Market Perform from Outperform at SVB Leerink
TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

TNK Teekay Tankers
$16.08 /

+0.4 (+2.55%)

TJX TJX
$50.81 /

+0.52 (+1.03%)

TGP Teekay LNG
$11.70 /

+0.66 (+5.98%)

MDT Medtronic
$98.04 /

+0.94 (+0.97%)

KDMN Kadmon
$4.38 /

+0.01 (+0.23%)

HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

EXPE Expedia
$79.64 /

+3.26 (+4.27%)

BSX Boston Scientific
$37.19 /

+1.78 (+5.03%)

BJ BJ's Wholesale
$28.98 /

+0.52 (+1.83%)

BBY Best Buy
$81.35 /

-2.145 (-2.57%)

  • 22
    May
TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

TJX TJX
$50.81 /

+0.52 (+1.03%)

MDT Medtronic
$98.04 /

+0.94 (+0.97%)

HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

EXPE Expedia
$79.64 /

+3.26 (+4.27%)

BSX Boston Scientific
$37.19 /

+1.78 (+5.03%)

BJ BJ's Wholesale
$28.98 /

+0.52 (+1.83%)

BBY Best Buy
$81.35 /

-2.145 (-2.57%)

TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

TJX TJX
$50.81 /

+0.52 (+1.03%)

MDT Medtronic
$98.04 /

+0.94 (+0.97%)

HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

EXPE Expedia
$79.64 /

+3.26 (+4.27%)

BJ BJ's Wholesale
$28.98 /

+0.52 (+1.83%)

BBY Best Buy
$81.35 /

-2.145 (-2.57%)

TTWO Take-Two
$146.99 /

+4.73 (+3.32%)

TJX TJX
$50.81 /

+0.52 (+1.03%)

MDT Medtronic
$98.04 /

+0.94 (+0.97%)

HRL Hormel Foods
$48.00 /

+0.61 (+1.29%)

EXPE Expedia
$79.64 /

+3.26 (+4.27%)

BSX Boston Scientific
$37.19 /

+1.78 (+5.03%)

BBY Best Buy
$81.35 /

-2.145 (-2.57%)

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