Teekay Tankers Ltd (NYSE:TNK) shares, rose in value on Friday, May 30, with the stock price up by 1.01% to the previous day’s close as strong demand from buyers drove the stock to $44.19.
Actively observing the price movement in the last trading, the stock closed the session at $43.75. The PE ratio was 4.73 over 12-month period. Referring to stock’s 52-week performance, its high was $72.62, and the low was $32.64. On the whole, TNK has fluctuated by 6.07% over the past month.
With the market capitalization of Teekay Tankers Ltd currently standing at about $1.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 2.23%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TNK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of TNK currently trading nearly -0.73% and 8.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.91, while the 7-day volatility ratio is showing 2.18% which for the 30-day chart, stands at 2.33%. Furthermore, Teekay Tankers Ltd (TNK)’s beta value is -0.04, and its average true range (ATR) is 1.44.
A comparison of Teekay Tankers Ltd (TNK) with its peers suggests the former has fared considerably weaker in the market. TNK showed an intraday change of 1.01% in last session, and over the past year, it shrunk by -38.23%%.
Data on historical trading for Teekay Tankers Ltd (NYSE:TNK) indicates that the trading volumes over the past 3 months, they’ve averaged 521.28K. According to company’s latest data on outstanding shares, there are 29.76 million shares outstanding.
Nearly 31.03% of Teekay Tankers Ltd’s shares belong to company insiders and institutional investors own 52.11% of the company’s shares. The stock has risen by 13.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TNK stock heading into the next quarter.
