Teekay Tankers Ltd. (TNK)
Teekay Tankers Ltd. operates in the Marine Shipping industry of the Industrials sector, headquartered in Hamilton, ON, BM. The stock last traded at $80.54, up 3.96% on the session, giving a market capitalisation of $2.79B. On trailing twelve-month figures it carries a trailing P/E of 4.73, a net margin of 51.3%. Its beta of -0.25 implies it has historically moved less than the broad market.
Teekay Tankers Ltd. specializes in providing essential marine transportation solutions to the global oil industry, with its operations spanning Bermuda and international waters. The company's service offerings encompass both voyage and time charter arrangements, alongside specialized offshore ship-to-ship transfer operations for a diverse range of commodities. These primarily include crude oil and refined petroleum products, but also extend to liquid gases and various other specialized cargo. Beyond shipping, Teekay Tankers Ltd. further extends its expertise to include comprehensive commercial and technical management services for tankers. As of December 31, 2021, the company operated a substantial fleet, comprising 48 owned and leased double-hull oil tankers. This is supplemented by two Aframax tankers and a single LR2 tanker, all acquired via time charter agreements. Established in 2007, Teekay Tankers Ltd. maintains its corporate headquarters in Hamilton, Canada.
Teekay Tankers Ltd. is most often compared with the following Industrials names: