Latest news with #TeekayTankers
Yahoo
15-05-2025
- Business
- Yahoo
Teekay Tankers (NYSE:TNK) Could Be A Buy For Its Upcoming Dividend
Teekay Tankers Ltd. (NYSE:TNK) is about to trade ex-dividend in the next three days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Teekay Tankers investors that purchase the stock on or after the 19th of May will not receive the dividend, which will be paid on the 30th of May. The company's next dividend payment will be US$1.25 per share, and in the last 12 months, the company paid a total of US$3.00 per share. Looking at the last 12 months of distributions, Teekay Tankers has a trailing yield of approximately 4.4% on its current stock price of US$45.59. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. We've discovered 3 warning signs about Teekay Tankers. View them for free. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Teekay Tankers paying out a modest 31% of its earnings. A useful secondary check can be to evaluate whether Teekay Tankers generated enough free cash flow to afford its dividend. What's good is that dividends were well covered by free cash flow, with the company paying out 3.6% of its cash flow last year. It's positive to see that Teekay Tankers's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Teekay Tankers Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Teekay Tankers has grown its earnings rapidly, up 51% a year for the past five years. Teekay Tankers is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Teekay Tankers has delivered an average of 7.6% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Is Teekay Tankers worth buying for its dividend? Teekay Tankers has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. There's a lot to like about Teekay Tankers, and we would prioritise taking a closer look at it. In light of that, while Teekay Tankers has an appealing dividend, it's worth knowing the risks involved with this stock. We've identified 3 warning signs with Teekay Tankers (at least 1 which is a bit concerning), and understanding these should be part of your investment process. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Teekay Tankers (NYSE:TNK) Could Be A Buy For Its Upcoming Dividend
Teekay Tankers Ltd. (NYSE:TNK) is about to trade ex-dividend in the next three days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Teekay Tankers investors that purchase the stock on or after the 19th of May will not receive the dividend, which will be paid on the 30th of May. The company's next dividend payment will be US$1.25 per share, and in the last 12 months, the company paid a total of US$3.00 per share. Looking at the last 12 months of distributions, Teekay Tankers has a trailing yield of approximately 4.4% on its current stock price of US$45.59. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. We've discovered 3 warning signs about Teekay Tankers. View them for free. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Teekay Tankers paying out a modest 31% of its earnings. A useful secondary check can be to evaluate whether Teekay Tankers generated enough free cash flow to afford its dividend. What's good is that dividends were well covered by free cash flow, with the company paying out 3.6% of its cash flow last year. It's positive to see that Teekay Tankers's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Teekay Tankers Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Teekay Tankers has grown its earnings rapidly, up 51% a year for the past five years. Teekay Tankers is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Teekay Tankers has delivered an average of 7.6% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Is Teekay Tankers worth buying for its dividend? Teekay Tankers has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. There's a lot to like about Teekay Tankers, and we would prioritise taking a closer look at it. In light of that, while Teekay Tankers has an appealing dividend, it's worth knowing the risks involved with this stock. We've identified 3 warning signs with Teekay Tankers (at least 1 which is a bit concerning), and understanding these should be part of your investment process. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
15-05-2025
- Business
- Yahoo
Teekay Tankers (NYSE:TNK) Could Be A Buy For Its Upcoming Dividend
Teekay Tankers Ltd. (NYSE:TNK) is about to trade ex-dividend in the next three days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Teekay Tankers investors that purchase the stock on or after the 19th of May will not receive the dividend, which will be paid on the 30th of May. The company's next dividend payment will be US$1.25 per share, and in the last 12 months, the company paid a total of US$3.00 per share. Looking at the last 12 months of distributions, Teekay Tankers has a trailing yield of approximately 4.4% on its current stock price of US$45.59. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. We've discovered 3 warning signs about Teekay Tankers. View them for free. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Teekay Tankers paying out a modest 31% of its earnings. A useful secondary check can be to evaluate whether Teekay Tankers generated enough free cash flow to afford its dividend. What's good is that dividends were well covered by free cash flow, with the company paying out 3.6% of its cash flow last year. It's positive to see that Teekay Tankers's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. View our latest analysis for Teekay Tankers Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Teekay Tankers has grown its earnings rapidly, up 51% a year for the past five years. Teekay Tankers is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Teekay Tankers has delivered an average of 7.6% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Is Teekay Tankers worth buying for its dividend? Teekay Tankers has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. There's a lot to like about Teekay Tankers, and we would prioritise taking a closer look at it. In light of that, while Teekay Tankers has an appealing dividend, it's worth knowing the risks involved with this stock. We've identified 3 warning signs with Teekay Tankers (at least 1 which is a bit concerning), and understanding these should be part of your investment process. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
11-05-2025
- Business
- Yahoo
Teekay Tankers Ltd. (TNK): Among Cheap Rising Stocks to Buy Right Now
We recently published a list of the 10 Cheap Rising Stocks to Buy Right Now. In this article, we will look at where Teekay Tankers Ltd. (NYSE:TNK) stands against other cheap rising stocks in which to invest. On May 2, US stocks notched their longest winning streak since 2004 as the United States and China signaled a willingness to have trade talks. The broad market index rose 1.47%, which helped it erase the losses since the Trump administration announced reciprocal tariffs on April 2. READ ALSO: ChatGPT Stock Advice: Top 12 Stock Recommendations and 11 Worst Performing Stocks in S&P 500 So Far in 2025. Trump told Time magazine on April 22 that his administration was engaged with China on striking a tariff deal. The US president also said he expects announcements on many other trade deals to be made over the next three to four weeks. During an interview with NBC on May 2, the US President stated that tariffs on Chinese imports will eventually be lowered: At some point, I'm going to lower them because otherwise, you could never do business with them. They want to do business very much … their economy is collapsing.' Jay Hatfield, founder and chief investment officer of InfraCap, believes the worst of the uncertainty around tariffs is over. He shared the following remarks while talking to CNBC: 'The confusion about whether there's really talks going on with China or not took some steam out of the market. Our view is that we've reached peak tariff tantrum and so it's likely to be more positive than negative.' A spokesperson for China's Commerce Ministry has said the country is currently assessing proposals shared by Washington to begin trade negotiations. Analysts view the statement as a subtle shift in tone from Beijing that could potentially open the door for talks on tariffs. The stock market has also received a boost from the latest jobs data shared by the Bureau of Labor Statistics. The American economy added 177,000 new jobs in April. While this was slightly down from 185,000 jobs in March, the gain was still stronger than the average pace of monthly job growth in the last three months, which reflected the resilience of the US job market. A large oil refinery against a backdrop of ocean containers and industrial cranes. For this article, we sifted through screeners to identify stocks with returns of 10% or more over the past 30 days, a forward P/E ratio of less than 15, a trailing P/E ratio of less than 15, and a P/B ratio of under 1. From there, we picked the 10 stocks with the lowest forward P/E ratio and ranked them in descending order. All data is as of the close of business on May 5, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). 30-day returns: 33.94% Forward P/E ratio: 7.13 Teekay Tankers Ltd. (NYSE:TNK) is a Bermuda-based company that provides marine transportation services to the oil industry. Its fleet includes 36 double-hull tankers and four chartered-in oil tankers. Analysts believe the current trade disruptions and geopolitical shifts present a compelling investment opportunity, with Teekay Tankers Ltd. (NYSE:TNK) set to gain as Canadian producers explore alternative markets amid the imposition of recent tariffs by the US. The shift in trade partners also translates into increased demand for tankers, higher daily charter rates, and longer shipping distances, which is a direct tailwind for the company. Teekay Tankers Ltd. (NYSE:TNK) reported a GAAP net income of $76.0 million, or $2.20 per share, for the first quarter of fiscal 2025, while adjusted net income was $41.8 million, or $1.21 per share. Total revenue stood at $231.6 million. During the earnings call, the company also declared a fixed cash dividend of 25 cents per share and a special cash dividend of $1 per share, payable on May 30. Wall Street analysts have a consensus Buy rating for Teekay Tankers Ltd. (NYSE:TNK), with an average share price upside potential of nearly 16%. On May 8, Jefferies maintained its price target of $55 for the stock. Given the impressive returns over the past month and a low forward P/E ratio, TNK is one of the cheap rising stocks to invest in right now. According to Insider Monkey's database for Q4 2024, 21 hedge funds held a stake in Teekay Tankers Ltd. (NYSE:TNK). Overall, TNK ranks 6th among the 10 Cheap Rising Stocks to Buy Right Now. While we acknowledge the potential of TNK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TNK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-02-2025
- Business
- Yahoo
Time To Worry? Analysts Just Downgraded Their Teekay Tankers Ltd. (NYSE:TNK) Outlook
Market forces rained on the parade of Teekay Tankers Ltd. (NYSE:TNK) shareholders today, when the analysts downgraded their forecasts for this year. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Following the latest downgrade, the six analysts covering Teekay Tankers provided consensus estimates of US$649m revenue in 2025, which would reflect a disturbing 47% decline on its sales over the past 12 months. Statutory earnings per share are supposed to nosedive 36% to US$7.48 in the same period. Before this latest update, the analysts had been forecasting revenues of US$743m and earnings per share (EPS) of US$7.44 in 2025. So there's been a clear change in analyst sentiment in the recent update, with the analysts making a measurable cut to revenues and reconfirming their earnings per share estimates. Check out our latest analysis for Teekay Tankers The average price target was steady at US$58.14 even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 47% by the end of 2025. This indicates a significant reduction from annual growth of 11% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 4.5% per year. It's pretty clear that Teekay Tankers' revenues are expected to perform substantially worse than the wider industry. The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Teekay Tankers' revenues are expected to grow slower than the wider market. Given the stark change in sentiment, we'd understand if investors became more cautious on Teekay Tankers after today. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Teekay Tankers going out to 2027, and you can see them free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
