Shares of Teekay Tankers Ltd. (NYSE:TNK) traded at a new 52-week high today of $27.72. Approximately 129,000 shares have changed hands today, as compared to an average 30-day volume of 495,000 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.
In the past 52 weeks, Teekay Tankers Ltd. share prices are bracketed by a low of $9.89 and a high of $27.72 and is now at $27.30, 176% above that low price.
Potential upside of 210.3% exists for Teekay Tankers Ltd., based on a current level of $27.30 and analysts’ average consensus price target of $84.72.
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