Teekay Tankers (TNK)
Owner-operator of crude and product tankers with marine services in Australia.
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Transports crude oil and refined products in Suezmax and Aframax/LR2 tankers, earning mainly from spot voyages alongside fixed-rate charters and lightering. Australian marine-service contracts add operations and maintenance revenue, while cash flow remains closely tied to volatile tanker rates and global oil-trade patterns.
Owns and operates Suezmax crude tankers and Aframax/LR2 crude and product tankers, supplemented by chartered-in vessels and new Suezmax ships under construction. Vessels trade mainly on spot voyages, while fixed-rate time charters and full-service lightering contracts add contracted income. U.S. ship-to-ship support handles cargo transfers between vessels.
Australian marine services provide operations, maintenance, engineering, crewing, and training for government-owned vessels, alongside work for energy and other customers. In-house commercial, technical, and crew management connects chartering with vessel upkeep and safety execution across a globally deployed fleet. Cash flow remains closely tied to spot tanker rates, vessel utilization, oil-trade routes, and compliance with maritime safety and emissions rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 15, 2026 | Evercore ISI | Target | Target: $90 | Target: $86 |
| Apr 21, 2026 | Evercore ISI | Target | Target: $84 | Target: $90 |
| Feb 20, 2026 | Evercore ISI | Target | Target: $60 | Target: $84 |
| Oct 28, 2025 | Evercore ISI | Target | Target: $51 | Target: $60 |
| Oct 20, 2025 | Jefferies | Reiterate | Rating: —Target: $76 | Target: $66 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.22B · Total debt $27.8M · Total assets $2.59B · Shareholders' equity $2.38B
- Revenue
- $379.5M
- Operating income
- $189.7M
- Net income
- $225.9M
HistoryDividendAnnual yield
| Institutions | 57.77% | 19.96M ADS | |
|---|---|---|---|
| 255 holders · as of Jun 30, 2026 | |||
| Insiders | 0.83% | 287.5K ADS | |
| 8 holders · as of Aug 18, 2026 | |||
| Strategic holders | 5.20% | 1.80M ADS | |
| 1 holder · as of Feb 2, 2021 | |||
| Other | 36.20% | 12.50M ADS | |
| remainder | |||
34.55M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Dimensional Fund Advisors LPInstitution | 5.56% | 1.92M A ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 5.28% | 1.83M A ADS | as of Jun 30, 2026 |
Investments Group, Ltd.Strategic | 5.20% | 1.80M | filed Feb 2, 2021 |
BlackRock, Inc.Institution | 4.82% | 1.66M A ADS | as of Jun 30, 2026 |
American Century Companies IncInstitution | 2.91% | 1.01M A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | David Schellenberg | director | −7,344 | $100.00 |
| Sep 15, 2026 | David Schellenberg | director | −101 | $100.00 |
| Aug 18, 2026 | Rohit (RK2) Kapoor | officer: Managing Director, Sinagpore | −6,375 | $89.28 |
| Aug 18, 2026 | Simon Heidi Locke | director | −741 | $90.00 |
| Jun 8, 2026 | David Schellenberg | director | −7,031 | $71.53 |
- International Seaways
Diversified tanker fleet across crude and product classes
- Frontline
Large crude-tanker fleet across Suezmax and LR2/Aframax
- Tsakos Energy Navigation
Diversified Greek tanker fleet with Suezmax and Aframax overlap
- Nordic American Tankers
Pure Suezmax tanker operator in TNK's largest crude class
- Scorpio Tankers
Product-tanker specialist with large LR2 and MR exposure
- TORM
Product-tanker operator across LR2, LR1 and MR classes
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teekay Tankers | $95.44 | −3.36% | $3.42B | 5.8 | 6.3 | 3.0 | +10.9% |
| International Seaways | $104.18 | −4.51% | $5.40B | 7.0 | 8.6 | 4.3 | +121.9% |
| Frontline | $47.97 | −3.69% | $11.09B | 7.5 | 6.1 | 4.1 | +166.2% |
| Tsakos Energy Navigation | $48.52 | −4.71% | $1.53B | 5.2 | 5.9 | 1.6 | +27.4% |
| Nordic American Tankers | $7.65 | −4.44% | $1.69B | 13.7 | 9.8 | 4.6 | +18.8% |
| Scorpio Tankers | $82.81 | −3.94% | $4.32B | 5.4 | 11.2 | 3.6 | +70.2% |
| TORM | $34.93 | −5.90% | $3.80B | 6.2 | 4.8 | 2.2 | +62.4% |
| Median | 6.6 | 7.4 | 3.8 | +66.3% |