Shares of Teekay Tankers Ltd. (NYSE:TNK) traded at a new 52-week high today of $30.10. Approximately 719,000 shares have changed hands today, as compared to an average 30-day volume of 505,000 shares.
Potential upside of 190.2% exists for Teekay Tankers Ltd., based on a current level of $29.69 and analysts’ average consensus price target of $86.16.
In the past 52 weeks, Teekay Tankers Ltd. share prices are bracketed by a low of $9.89 and a high of $30.10 and is now at $29.69, 200% above that low price.
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.
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