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How to Buy Teekay Tankers Stock

Teekay Tankers Ltd

Teekay Tankers is a oil & gas midstream company located in Bermuda, which is part of the Energy sector, and is traded under the ticker TNK on the NYSE exchange.

Teekay Tankers stock last closed at $54.03, down 1.37% from the previous day, and has increased 27.67% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.18 percentage points. Teekay Tankers stock is currently +54.37% from its 52-week low of $35.00, and -16.13% from its 52-week high of $64.42.

At the moment, there are 33.94M shares of TNK outstanding. The market value of TNK is $1.83B. In the last 24 hours, 780,105 TNK shares were traded.

How to Buy Teekay Tankers Stock

Not sure how to invest in Teekay Tankers stock? Here's how.
  1. Figure out where to buy Teekay Tankers stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Teekay Tankers stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your payment method and add your information.
  4. Evaluate Teekay Tankers stock: The Teekay Tankers ticker symbol is TNK. Is Teekay Tankers stock a good investment? Should you buy shares of TNK? How do TNK's underlying business fundamentals look? Do top analysts think Teekay Tankers is a good buy? Why has TNK's stock price moved recently? (Hint: Our stock research tools can help you understand if TNK is a good stock to buy).
  5. Make your TNK trade: Decide if you will purchase TNK shares at the current market price or use a limit order to buy TNK stock at a specific price.
  6. Get the latest scoop on your TNK position: Create a watchlist to watch your new investment in Teekay Tankers shares.

Step 1: Figure out where to buy Teekay Tankers stock

You will need an online brokerage account in order to access the NYSE market and buy TNK shares.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected your brokerage, it's time to fill out some personal information so you are able to buy TNK today.

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  1. Submit your information by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you have filled out your info on the best stock investing app, you can securely and quickly fund your account:

Watch this video walkthrough if you need help transferring funds into your brokerage account.

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Step 4: Evaluate Teekay Tankers stock

Once you have decided on the best place to buy Teekay Tankers stock, it's absolutely critical to research their stock prior to buying, so you truly wrap your head around the risk and upside.

Teekay Tankers quick stats

TNK Price
$54.03
1w %
-7.2%
1y %
27.67%
5y %
543.21%
P/E
3.59x
P/B
1.2x
P/S
1.35x
PEG
N/A
Revenue
$1.36B
Earnings
$513.67M
Fore. Rev. Growth
-42.3%
Fore. Earn. Growth
-60.7%
Market Cap
$1.83B
Next Earnings
N/A
Next Dividend
Mar 15, 2024

TNK Fundamentals

WallStreetZen was designed to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on TNK's stock page.

How is TNK stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge TNK's fair value.

Using relative valuations methods:

  • TNK could be undervalued based on its P/E ratio of 3.59x, relative to Oil & Gas Midstream industry P/E ratio of 13.46x
  • TNK may be undervalued based on its P/B ratio of 1.2x, relative to Oil & Gas Midstream industry P/B ratio of 2.25x

You can do additional valuation research on TNK's stock here.

TNK Financial Overview

Pros:

  • Total TNK debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than long-term liabilities on the TNK balance sheet.
  • TNK profit margin has gone up from 21.5% to 37.6% in the past year.
  • TNK earnings of $550.87M is not sufficient to cover its interest payments.
  • TNK's operating cash flow of $626.07M allows it to safely service it's debt of $215.91M.
  • There are more short-term assets than short-term liabilities on the TNK balance sheet.
  • TNK has a low debt to equity ratio of 0.23.

Is TNK stock a Buy, Hold, or Sell, according to analysts?

Out of 3 Wall Street analysts who track TNK, the consensus analyst rating on TNK is a Strong Buy

It's important to note that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Teekay Tankers stock forecast page.

TNK Momentum

SMA10
57.33
SMA20
58.41
SMA50
55.55
SMA100
51.47
SMA200
45.66
MACD
-0.08
MACD Signal
0.6
MACD Histogram
-0.69
RSI
40.03
Stochastic %K
28.06
Stochastic %D
26.03
StochRSI %K
7.1
StochRSI %D
8.92

TNK Growth Numbers

Last year, TNK earnings were $513.67M. During the past four year, TNK's earnings have grown by 87% per year. This was faster than the Oil & Gas Midstream industry average of 73.76%.

Last year, TNK revenue was $1.36B. During the last five year, TNK's revenue has grown by 11.93% per year. This was faster than the Oil & Gas Midstream industry average of 7.96%.

Dig into TNK's earnings and revenue performance here.

Who is buying/selling TNK?

In the last 12 months, executives and large shareholders at TNK have not bought or sold any shares.

Get more info about who owns TNK stock here.

Can I get consistent income from TNK stock?

Teekay Tankers pays a dividend of 3.24%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.34%. If you owned $1,000 worth of TNK stock, you would have been paid $32.39 in the past 12 months.

Teekay Tankers dividend payments have consistently grown over the past decade but have not remained stable.

Find more data about Teekay Tankers dividend yield and history here.

What do other traders have to say about TNK?

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Make your TNK trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.

Click the Open button and your broker will place your order.

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Step 6: Get the latest scoop on your TNK position

Now that you own some TNK shares, you'll want to keep up with your new shares.

Make a watchlist to get alerted to the latest events about your TNK stock.

TNK Feed

How to Buy Stock in Teekay Tankers

To summarize, here are the 6 steps to buy stock in Teekay Tankers:

  1. Figure out where to buy Teekay Tankers stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate Teekay Tankers stock
  5. Make your TNK trade
  6. Get the latest scoop on your TNK position

If you require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in Teekay Tankers, create your watchlist below.

NYSE: TNK
$54.03-0.75 (-1.37%)
Updated Feb 23, 2024
Open eToro Account
NYSE: TNK
$54.03-0.75 (-1.37%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Teekay Tankers share?

As of Feb 23, 2024, it costs $54.03 to buy one share of Teekay Tankers stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.185 shares of TNK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Teekay Tankers stock?

According to 3 Wall Street analysts who monitor Teekay Tankers, their consensus recommendation is to buy Teekay Tankers stock.

What is the best way to buy Teekay Tankers stock?

One way to place an order for Teekay Tankers stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.