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 $61.12, down 0.94% from the previous day, and has increased 61.95% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.22 percentage points. Teekay Tankers stock is currently +54.7% from its 52-week low of $39.51, and -17.63% from its 52-week high of $74.20.
At the moment, there are 34.2M shares of TNK outstanding. The market value of TNK is $2.09B. In the last 24 hours, 395,490 TNK shares were traded.
How to Buy Teekay Tankers Stock
Not sure how to invest in Teekay Tankers stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your payment method and add your information.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 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.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
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.
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 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 4.71x, relative to Oil & Gas Midstream industry P/E ratio of 16.6x
- TNK may be undervalued based on its P/B ratio of 1.23x, relative to Oil & Gas Midstream industry P/B ratio of 2.68x
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 earnings of $458.27M is not sufficient to cover its interest payments.
- TNK's operating cash flow of $531.89M allows it to safely service it's debt of $63.70M.
- TNK has a low debt to equity ratio of 0.11.
- There are more short-term assets than short-term liabilities on the TNK balance sheet.
Cons:
- TNK profit margin has gone down from 37.9% to 36% in the past year.
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
TNK Growth Numbers
Last year, TNK earnings were $444.80M. During the past four year, TNK's earnings have grown by 15.22% per year. This was slower than the Oil & Gas Midstream industry average of 30.44%.
Last year, TNK revenue was $1.23B. During the last five year, TNK's revenue has grown by 6.96% per year. This was slower than the Oil & Gas Midstream industry average of 7.46%.
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 4.91%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.87%. If you owned $1,000 worth of TNK stock, you would have been paid $49.08 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.
If you need additional help with investing in stocks on eToro, watch the how to video below:
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:
- Figure out where to buy Teekay Tankers stock
- Create your brokerage account
- Fund your investment account
- Evaluate Teekay Tankers stock
- Make your TNK trade
- 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 TodayIf you would like to get updates on your investment in Teekay Tankers, create your watchlist below.
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