Teekay Tankers Ltd. (NYSE:TNK) traded today at a new 52-week high of $31.98. Approximately 435,000 shares have changed hands today, as compared to an average 30-day volume of 539,000 shares.
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.
There is potential upside of 206.9% for shares of Teekay Tankers Ltd. based on a current price of $31.59 and an average consensus analyst price target of $96.93.
Over the past year, Teekay Tankers Ltd. has traded in a range of $9.89 to $31.98 and is now at $31.59, 219% above that low.
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