Teekay Tankers (TNK)
Market Price (3/13/2026): $63.27 | Market Cap: $2.2 BilSector: Energy | Industry: Oil & Gas Storage & Transportation
Teekay Tankers (TNK)
Market Price (3/13/2026): $63.27Market Cap: $2.2 BilSector: EnergyIndustry: Oil & Gas Storage & Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 17%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 13% | Weak multi-year price returns3Y Excs Rtn is -13% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg QQuarterly Revenue Change % is -17% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% | Key risksTNK key risks include [1] the significant capital expenditure required for renewing its aging fleet, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30% | ||
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Global Energy Supply Chains. Themes include Crude Oil Transportation, Maritime Energy Logistics, and Global Petroleum Trade Infrastructure. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 17%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 13% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Global Energy Supply Chains. Themes include Crude Oil Transportation, Maritime Energy Logistics, and Global Petroleum Trade Infrastructure. |
| Weak multi-year price returns3Y Excs Rtn is -13% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg QQuarterly Revenue Change % is -17% |
| Key risksTNK key risks include [1] the significant capital expenditure required for renewing its aging fleet, Show more. |
Qualitative Assessment
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Teekay Tankers (TNK) stock has gained about 15% since 11/30/2025 because of the following key factors:
1. Robust Fourth Quarter 2025 Earnings Beat and Strong Outlook: Teekay Tankers (TNK) reported adjusted earnings per share (EPS) of $2.80 for Q4 2025, significantly surpassing the consensus estimate of $2.46 by 13.82%, with revenue reaching $258.27 million, exceeding expectations by 44.57%. The company also indicated a strong start to Q1 2026, with approximately 65% of Suezmax spot days booked at $56,900 per day and 64% of Aframax/LR2 spot days booked at $51,400 per day, representing 6% to 18% increases over Q4 2025 averages.
2. Favorable Tanker Market Fundamentals and Geopolitical Factors: Mid-sized spot tanker rates in Q4 2025 reached their second-highest level in 15 years, driven by near-record seaborne crude oil volumes and increased trade inefficiencies due to sanctions. Geopolitical events, including stricter sanctions on Russia, Iran, and Venezuela, have contributed to a tighter tanker market by increasing demand for compliant tankers, leading to rerouting of oil flows and higher ton-mile demand.
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1. Robust Fourth Quarter 2025 Earnings Beat and Strong Outlook: Teekay Tankers (TNK) reported adjusted earnings per share (EPS) of $2.80 for Q4 2025, significantly surpassing the consensus estimate of $2.46 by 13.82%, with revenue reaching $258.27 million, exceeding expectations by 44.57%. The company also indicated a strong start to Q1 2026, with approximately 65% of Suezmax spot days booked at $56,900 per day and 64% of Aframax/LR2 spot days booked at $51,400 per day, representing 6% to 18% increases over Q4 2025 averages.
2. Favorable Tanker Market Fundamentals and Geopolitical Factors: Mid-sized spot tanker rates in Q4 2025 reached their second-highest level in 15 years, driven by near-record seaborne crude oil volumes and increased trade inefficiencies due to sanctions. Geopolitical events, including stricter sanctions on Russia, Iran, and Venezuela, have contributed to a tighter tanker market by increasing demand for compliant tankers, leading to rerouting of oil flows and higher ton-mile demand.
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Stock Movement Drivers
Fundamental Drivers
The 13.0% change in TNK stock from 11/30/2025 to 3/12/2026 was primarily driven by a 13.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.49 | 64.97 | 13.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 952 | 952 | 0.0% |
| Net Income Margin (%) | 32.9% | 32.9% | 0.0% |
| P/E Multiple | 6.4 | 7.2 | 13.0% |
| Shares Outstanding (Mil) | 35 | 35 | 0.0% |
| Cumulative Contribution | 13.0% |
Market Drivers
11/30/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| TNK | 13.0% | |
| Market (SPY) | -2.5% | 24.8% |
| Sector (XLE) | 27.2% | -0.6% |
Fundamental Drivers
The 33.1% change in TNK stock from 8/31/2025 to 3/12/2026 was primarily driven by a 20.4% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.81 | 64.97 | 33.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 997 | 952 | -4.6% |
| Net Income Margin (%) | 28.3% | 32.9% | 16.1% |
| P/E Multiple | 6.0 | 7.2 | 20.4% |
| Shares Outstanding (Mil) | 35 | 35 | -0.3% |
| Cumulative Contribution | 33.1% |
Market Drivers
8/31/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| TNK | 33.1% | |
| Market (SPY) | 3.5% | 21.5% |
| Sector (XLE) | 28.3% | 4.4% |
Fundamental Drivers
The 80.3% change in TNK stock from 2/28/2025 to 3/12/2026 was primarily driven by a 154.6% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.02 | 64.97 | 80.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,394 | 952 | -31.7% |
| Net Income Margin (%) | 31.5% | 32.9% | 4.2% |
| P/E Multiple | 2.8 | 7.2 | 154.6% |
| Shares Outstanding (Mil) | 34 | 35 | -0.5% |
| Cumulative Contribution | 80.3% |
Market Drivers
2/28/2025 to 3/12/2026| Return | Correlation | |
|---|---|---|
| TNK | 80.3% | |
| Market (SPY) | 13.1% | 25.2% |
| Sector (XLE) | 29.5% | 26.3% |
Fundamental Drivers
The 64.7% change in TNK stock from 2/28/2023 to 3/12/2026 was primarily driven by a 556.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3122026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.46 | 64.97 | 64.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 856 | 952 | 11.2% |
| Net Income Margin (%) | 5.0% | 32.9% | 556.6% |
| P/E Multiple | 31.3 | 7.2 | -77.0% |
| Shares Outstanding (Mil) | 34 | 35 | -1.8% |
| Cumulative Contribution | 64.7% |
Market Drivers
2/28/2023 to 3/12/2026| Return | Correlation | |
|---|---|---|
| TNK | 64.7% | |
| Market (SPY) | 74.3% | 18.3% |
| Sector (XLE) | 50.8% | 28.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TNK Return | -1% | 183% | 69% | -17% | 40% | 30% | 622% |
| Peers Return | -4% | 195% | 29% | -13% | 27% | 49% | 496% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| TNK Win Rate | 33% | 67% | 58% | 33% | 67% | 67% | |
| Peers Win Rate | 45% | 73% | 55% | 37% | 65% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| TNK Max Drawdown | -7% | -5% | -13% | -22% | -13% | -4% | |
| Peers Max Drawdown | -11% | -9% | -12% | -18% | -18% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STNG, INSW, DHT, NAT, ASC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/12/2026 (YTD)
How Low Can It Go
| Event | TNK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.9% | -25.4% |
| % Gain to Breakeven | 53.7% | 34.1% |
| Time to Breakeven | 125 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -62.9% | -33.9% |
| % Gain to Breakeven | 169.3% | 51.3% |
| Time to Breakeven | 650 days | 148 days |
| 2018 Correction | ||
| % Loss | -64.7% | -19.8% |
| % Gain to Breakeven | 183.3% | 24.7% |
| Time to Breakeven | 351 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -73.9% | -56.8% |
| % Gain to Breakeven | 283.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to STNG, INSW, DHT, NAT, ASC
In The Past
Teekay Tankers's stock fell -34.9% during the 2022 Inflation Shock from a high on 5/21/2021. A -34.9% loss requires a 53.7% gain to breakeven.
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About Teekay Tankers (TNK)
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
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Here are 1-3 brief analogies for Teekay Tankers (TNK):
- Enterprise Rent-A-Car, but for massive oil tankers.
- FedEx or UPS, but moving crude oil and refined products across the world's oceans.
- A landlord for global energy companies, renting out huge floating oil pipelines.
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- Crude Oil Shipping: Provides global marine transportation of crude oil for various customers.
- Refined Petroleum Product Shipping: Offers global seaborne transportation of refined petroleum products, including gasoline, diesel, and jet fuel.
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```htmlTeekay Tankers Ltd. (TNK) is a marine transportation company that provides crude oil and refined product shipping services. As such, its customers are primarily other companies, not individuals.
Teekay Tankers' major customers typically include:
- Major Oil Companies: Such as ExxonMobil (XOM), Shell (SHEL), BP (BP), Chevron (CVX), TotalEnergies (TTE), etc.
- National Oil Companies (NOCs): Entities like Saudi Aramco (2222.SR), ADNOC, Petrobras (PBR), etc.
- Oil Traders: Large trading houses that buy and sell crude oil and refined products, such as Vitol, Trafigura, Glencore (GLEN.L), Gunvor, Mercuria, etc.
- Refiners: Companies that operate oil refineries and need to transport crude oil to their facilities or refined products to market.
- Other Shipping Companies: Through sub-chartering arrangements.
Teekay Tankers operates on a charter basis (time charters, bareboat charters, and spot market voyages), meaning its revenue comes from the companies that charter its vessels to transport oil and refined products.
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Kenneth Hvid, President and Chief Executive Officer
Kenneth Hvid was appointed President and Chief Executive Officer of Teekay Tankers Ltd. in August 2024, and also serves as President and Chief Executive Officer and a director of Teekay Corporation Ltd.. He joined Teekay Tankers' board of directors in 2017 and served as its Chair from 2019 to 2024. Mr. Hvid has over 35 years of global shipping experience, including 12 years with A.P. Moller. He joined Teekay Corporation in 2000, holding various senior roles such as Senior Vice President, Teekay Gas Services (2004), President of the Teekay Navion Shuttle Tankers and Offshore division (2006), Chief Strategy Officer and Executive Vice President (2011-2015), and President and Chief Executive Officer of Teekay Offshore Group Ltd. (2015-2016). He also served as a director of Teekay GP L.L.C., the general partner of Teekay LNG Partners L.P. (now known as Seapeak LLC), from 2011 to 2015 and 2018 to 2022, and as its Chair from May 2019 until January 2022. Teekay LNG Partners L.P. was acquired by Stonepeak Infrastructure Partners in a $6.2 billion transaction in 2021, and subsequently rebranded as Seapeak.
Brody Speers, Chief Financial Officer
Brody Speers was appointed Chief Financial Officer of Teekay Tankers Ltd. and Teekay Corporation Ltd. in August 2024. Prior to this role, he held several senior financial positions within Teekay, including Vice President, Finance of Teekay Corporation Ltd. since 2018, Treasurer of Teekay Corporation Ltd. since 2022, and Chief Financial Officer of Teekay Gas Group Ltd. from 2017 to 2018. Teekay Gas Group Ltd. provided services to Teekay LNG Partners L.P. (now Seapeak LLC), which was acquired by Stonepeak Infrastructure Partners in 2021. Mr. Speers joined Teekay in 2008, and before that, he worked as a Chartered Professional Accountant for an accounting firm in Vancouver, Canada.
Mikkel Seidelin, Chief Commercial Officer
Mikkel Seidelin was appointed Chief Commercial Officer of Teekay Tankers Ltd. in August 2024, having previously served as its Head of Chartering & Commercial Operations since 2023. He joined Teekay in 2003 and has held various commercial functions across the globe, including Pool Manager for Taurus Tankers (LR2) and Chartering Director for Teekay Tankers Ltd.’s Suezmax business. Mr. Seidelin holds an Executive MBA from INSEAD.
Rohit Kapoor, Ship Management
Anne Liversedge, General Counsel and Company Secretary
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Here are the key risks to Teekay Tankers (TNK):-
Cyclical Nature of the Tanker Industry and Volatility of Tanker Rates/Oil Demand
The profitability of Teekay Tankers is highly dependent on the cyclical nature of the international tanker market, with charter rates fluctuating significantly based on global oil demand and the supply-demand balance of vessels. A downturn in the global economy, weak oil demand growth (particularly from major consumers like China), or an oversupply of tankers can lead to lower charter rates and reduced profitability. For example, Suezmax tanker rates have been in a multi-year decline since peaking in Q4 2022. OPEC+ production policies and global economic growth directly influence these market conditions. -
Geopolitical Volatility
Increased geopolitical instability and events, especially in critical shipping regions like the Middle East, pose significant risks to Teekay Tankers. Such events can raise operational risks and costs, disrupt established shipping routes (e.g., Red Sea), and impact global oil supply and demand dynamics, all of which can directly influence tanker rates and operational efficiency. -
Aging Fleet, Fleet Renewal Costs, and Regulatory Environment
A substantial portion of Teekay Tankers' fleet is aged, with approximately 50% of its vessels being over 15 years old, necessitating ongoing fleet renewal efforts. This requires significant capital expenditures for vessel acquisitions or upgrades, which could increase financial leverage. Furthermore, the company faces increasing financial and operational risks due to a tightening regulatory environment, particularly concerning environmental, social, and governance (ESG) factors and emissions controls. Compliance with new regulations, such as the inclusion of the maritime industry in the European Union Emissions Trading System (EU ETS), can lead to increased operating costs, require vessels to be taken out of service for retrofitting, and potentially impact revenue-generating capacity.
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The acceleration of the global energy transition away from fossil fuels, directly threatening the long-term demand for the marine transportation of crude oil and refined petroleum products.
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Teekay Tankers Ltd. (TNK) operates primarily in the marine transportation of crude oil and refined petroleum products globally. Their main services include crude oil tanker services and product tanker services. The addressable markets for Teekay Tankers' main products and services are as follows:- Global Tanker Shipping Market (Crude Oil and Refined Petroleum Products Transportation): The global tanker shipping market, which encompasses the transportation of liquid cargo such as crude oil and refined petroleum products, was valued at approximately USD 237.6 billion in 2024. This market is projected to reach USD 273.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 2.9% during the forecast period from 2026 to 2032. Another estimate indicates the global tanker shipping market is projected to grow from USD 209.4 billion in 2024 to USD 345.2 billion by 2035, at a CAGR of 4.65% during the forecast period from 2025 to 2035.
- Global Crude Oil Tankers Market: Teekay Tankers specializes in crude oil tanker services. The global crude oil carrier market size was estimated at USD 263.73 billion in 2024 and is projected to grow to USD 391.72 billion by 2035, exhibiting a CAGR of 3.66% during the forecast period from 2025 to 2035. Another report valued the global crude oil tankers market at approximately USD 179.86 billion in 2025, forecasted to reach USD 244.71 billion by 2034 with a CAGR of about 3.48%.
- Product Tanker Services: null
- Ship-to-Ship Transfer Services: null
- Commercial and Technical Management: null
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Here are 3-5 expected drivers of future revenue growth for Teekay Tankers (TNK) over the next 2-3 years:
- Strong Tanker Market Fundamentals and Rising Global Oil Demand: Teekay Tankers is poised to benefit from an anticipated increase in global oil demand. The International Energy Agency (IEA) projects global oil demand to grow by 0.7 million barrels per day in both 2025 and 2026, reaching record highs. This healthy growth in demand, coupled with a balanced fleet supply outlook due to an aging global tanker fleet and constraints on available shipyard space, is expected to support strong tanker rates, particularly for Suezmax and Aframax vessels, which are key segments for Teekay Tankers.
- Strategic Fleet Renewal and Modernization: The company has been actively engaged in strategic fleet management, including the acquisition of modern vessels and the sale of older ones. This fleet renewal strategy aims to enhance operational efficiency and capitalize on regulatory changes, positioning Teekay Tankers to meet evolving market demands and potentially secure higher charter rates for its modern fleet. For example, in 2025, Teekay Tankers has already sold or agreed to sell 11 vessels and acquired a Suezmax and a 50% ownership stake in a VLCC.
- Favorable Spot Market Exposure and Higher Spot Rates: Teekay Tankers utilizes a mix of spot market voyages and time-charter contracts. Historically, strong spot rates, particularly for Suezmaxes, have positively impacted earnings. The company anticipates a firm winter tanker market driven by rising global oil demand and expects increased oil production, particularly from OPEC+ unwinding supply cuts and higher production from South America, which could further support favorable spot tanker rates.
- Increased Oil Production from Key Regions: Expectations of increased oil production in the second half of the year, driven by OPEC+ unwinding supply cuts and higher output from regions like South America, are anticipated to boost seaborne crude trade volumes. This increased supply directly translates to a greater need for tanker services, providing a significant tailwind for Teekay Tankers' revenue.
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Share Repurchases
- Teekay Tankers has been actively returning capital to shareholders through share buybacks.
Share Issuance
- The number of Teekay Tankers' shares outstanding increased by 0.15% in the last 12 months as of October 29, 2025.
- As of November 8, 2025, Teekay Tankers had a negative share buyback ratio of -0.53%, indicating a net increase in shares outstanding.
Capital Expenditures
- Teekay Tankers' annual capital expenditures have varied, with $16 million in 2020, $21 million in 2021, $15 million in 2022, $10 million in 2023, and $75 million in 2024.
- As part of its fleet renewal plan in 2025, the company acquired a 2019-built LR2 vessel, a 2017-built Suezmax tanker for $64.3 million, and the remaining 50% ownership interest of a VLCC tanker for $63 million.
- Also in 2025, Teekay Tankers sold six vessels, generating total gross proceeds of approximately $183 million as part of its fleet modernization efforts.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Teekay Tankers Stock Built to Withstand More Downside? | 10/17/2025 | |
| TNK Dip Buy Analysis | 07/10/2025 | |
| Time To Buy Teekay Tankers Stock? | 05/16/2025 | |
| Teekay Tankers (TNK) Valuation Ratios Comparison | 05/15/2025 | |
| Teekay Tankers Total Shareholder Return (TSR): -11.0% in 2024 and 63.5% 3-yr compounded annual returns (above peer average) | 03/07/2025 | |
| Teekay Tankers (TNK) Operating Cash Flow Comparison | 02/17/2025 | |
| Teekay Tankers (TNK) Net Income Comparison | 02/16/2025 | |
| Teekay Tankers (TNK) Operating Income Comparison | 02/15/2025 | |
| Teekay Tankers (TNK) Revenue Comparison | 02/14/2025 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 11/01/2025 |
Trade Ideas
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.91 |
| Mkt Cap | 2.5 |
| Rev LTM | 664 |
| Op Inc LTM | 155 |
| FCF LTM | 64 |
| FCF 3Y Avg | 216 |
| CFO LTM | 276 |
| CFO 3Y Avg | 384 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -23.3% |
| Rev Chg 3Y Avg | 6.6% |
| Rev Chg Q | -13.8% |
| QoQ Delta Rev Chg LTM | -3.7% |
| Op Mgn LTM | 23.1% |
| Op Mgn 3Y Avg | 31.2% |
| QoQ Delta Op Mgn LTM | -1.1% |
| CFO/Rev LTM | 37.4% |
| CFO/Rev 3Y Avg | 44.0% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 26.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.5 |
| P/S | 3.6 |
| P/EBIT | 10.9 |
| P/E | 12.3 |
| P/CFO | 8.3 |
| Total Yield | 11.8% |
| Dividend Yield | 2.9% |
| FCF Yield 3Y Avg | 13.0% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.5% |
| 3M Rtn | 31.9% |
| 6M Rtn | 33.8% |
| 12M Rtn | 84.5% |
| 3Y Rtn | 75.1% |
| 1M Excs Rtn | 10.9% |
| 3M Excs Rtn | 30.3% |
| 6M Excs Rtn | 31.8% |
| 12M Excs Rtn | 63.9% |
| 3Y Excs Rtn | -8.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Tankers | 1,364 | 542 | 879 | 914 | |
| Marine Services and Other | 109 | ||||
| Elimination | 0 | ||||
| Single Segment | 1,063 | ||||
| Ship-to-ship transfer segment | 7 | 30 | |||
| Total | 1,474 | 1,063 | 542 | 886 | 944 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Tankers | 536 | 139 | 122 | ||
| Marine Services and Other | 11 | ||||
| Elimination | 0 | ||||
| Ship-to-ship transfer segment | 3 | 1 | |||
| Total | 547 | 142 | 124 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Tankers | 1,508 | 2,114 | |||
| Cash and cash equivalents | 391 | 89 | |||
| Marine Services and Other | 32 | ||||
| Due from affiliates | 10 | ||||
| Ship-to-ship transfer segment | 26 | ||||
| Total | 1,942 | 2,229 |
Price Behavior
Price Behavior
| Market Price | $64.97 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 12/13/2007 | |
| Distance from 52W High | -17.0% | |
| 50 Days | 200 Days | |
| DMA Price | $65.74 | $54.10 |
| DMA Trend | up | up |
| Distance from DMA | -1.2% | 20.1% |
| 3M | 1YR | |
| Volatility | 39.8% | 40.6% |
| Downside Capture | -16.06 | 0.42 |
| Upside Capture | 103.06 | 63.78 |
| Correlation (SPY) | 18.3% | 25.7% |
TNK Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.02 | 0.31 | 0.25 | 0.37 | 0.47 | 0.45 |
| Up Beta | 0.82 | 1.66 | 1.61 | 0.72 | 0.57 | 0.48 |
| Down Beta | 2.43 | 1.27 | 0.74 | 0.93 | 0.83 | 0.68 |
| Up Capture | 236% | 109% | 65% | 69% | 41% | 15% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 16 | 29 | 40 | 73 | 139 | 370 |
| Down Capture | -116% | -259% | -160% | -82% | -47% | 42% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 5 | 12 | 21 | 51 | 111 | 380 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNK | |
|---|---|---|---|---|
| TNK | 88.7% | 40.5% | 1.66 | - |
| Sector ETF (XLE) | 35.0% | 24.9% | 1.16 | 27.0% |
| Equity (SPY) | 21.0% | 18.9% | 0.87 | 26.4% |
| Gold (GLD) | 74.9% | 26.2% | 2.12 | 14.9% |
| Commodities (DBC) | 19.3% | 17.2% | 0.89 | 27.3% |
| Real Estate (VNQ) | 5.7% | 16.3% | 0.16 | 26.4% |
| Bitcoin (BTCUSD) | -16.1% | 44.2% | -0.27 | 8.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNK | |
|---|---|---|---|---|
| TNK | 40.9% | 46.1% | 0.90 | - |
| Sector ETF (XLE) | 21.1% | 26.2% | 0.73 | 38.3% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 19.0% |
| Gold (GLD) | 24.2% | 17.3% | 1.14 | 10.9% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 29.2% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 11.0% |
| Bitcoin (BTCUSD) | 7.3% | 56.8% | 0.35 | 5.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNK | |
|---|---|---|---|---|
| TNK | 11.1% | 54.0% | 0.41 | - |
| Sector ETF (XLE) | 11.0% | 29.5% | 0.41 | 34.4% |
| Equity (SPY) | 14.7% | 17.9% | 0.70 | 26.3% |
| Gold (GLD) | 14.6% | 15.6% | 0.77 | 3.6% |
| Commodities (DBC) | 8.8% | 17.6% | 0.41 | 27.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 17.9% |
| Bitcoin (BTCUSD) | 66.7% | 66.8% | 1.06 | 4.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/29/2025 | 6-K |
| 06/30/2025 | 08/01/2025 | 6-K |
| 03/31/2025 | 05/09/2025 | 6-K |
| 12/31/2024 | 03/14/2025 | 20-F |
| 09/30/2024 | 11/01/2024 | 6-K |
| 06/30/2024 | 08/02/2024 | 6-K |
| 03/31/2024 | 05/10/2024 | 6-K |
| 12/31/2023 | 03/15/2024 | 20-F |
| 09/30/2023 | 11/02/2023 | 6-K |
| 06/30/2023 | 08/04/2023 | 6-K |
| 03/31/2023 | 05/12/2023 | 6-K |
| 12/31/2022 | 03/31/2023 | 20-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| 06/30/2022 | 08/05/2022 | 6-K |
| 03/31/2022 | 05/19/2022 | 6-K |
| 12/31/2021 | 04/06/2022 | 20-F |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.