Teekay Tankers Ltd. (NYSE:TNK) traded at a new 52-week high today of $29.03. Approximately 123,000 shares have changed hands today, as compared to an average 30-day volume of 506,000 shares.
Over the past year, Teekay Tankers Ltd. has traded in a range of $9.89 to $29.03 and is now at $28.98, 193% above that low.
Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.
Potential upside of 194.8% exists for Teekay Tankers Ltd., based on a current level of $28.98 and analysts’ average consensus price target of $85.44.
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