Teekay Tankers's 15min chart shows KDJ Golden Cross and bullish Marubozu pattern.
ByAinvest
Tuesday, Jul 8, 2025 2:53 pm ET1min read
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Over the past month, Teekay Tankers shares witnessed a loss of 4.75%, trailing the Transportation sector's gain of 5.56% and the S&P 500's gain of 4.99%. Investors are eagerly awaiting the company's upcoming earnings disclosure, with expectations for EPS of $1.59, down 48.38% from the prior-year quarter. The Zacks Consensus Estimate for revenue projects net sales of $172.46 million, a decrease of 12.23% from the year-ago period [1].
For the full year, Zacks Consensus Estimates project earnings of $6.69 per share and a revenue of $646.53 million, indicating changes of -35.11% and -11.56%, respectively, from the preceding year. The Zacks Consensus EPS estimate has moved 3.4% higher within the past month, with Teekay Tankers currently boasting a Zacks Rank of #3 (Hold) [1].
Investors should also note Teekay Tankers' current valuation metrics, including its Forward P/E ratio of 6.48, which is a discount compared to its industry average Forward P/E of 8.81. The Transportation - Shipping industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries [1].
Based on Teekay Tankers' 15-minute chart, a bullish signal was triggered by the KDJ Golden Cross and a Bullish Marubozu pattern on July 8th, 2025, at 2:45 PM. This indicates a shift in momentum towards an upward trajectory, suggesting a potential increase in the stock price. As buyers maintain control of the market, it is likely that bullish momentum will continue [2].
References:
[1] https://www.nasdaq.com/articles/teekay-tankers-tnk-rises-higher-market-key-facts
[2] Based on the provided writing topic.
TNK--
Based on Teekay Tankers' 15-minute chart, a bullish signal has been triggered by the KDJ Golden Cross and a Bullish Marubozu pattern on July 8th, 2025 at 2:45 PM. This indicates a shift in momentum towards an upward trajectory, suggesting a potential increase in the stock price. As buyers maintain control of the market, it is likely that bullish momentum will continue.
Teekay Tankers (TNK) has seen a notable rise in its stock price, closing at $44.25 in the latest trading session, marking a +2.22% gain from the previous day. This performance outpaced the S&P 500, which registered a daily gain of 0.83%, and the Dow, which saw a rise of 0.77%. The technology-dominated Nasdaq experienced an increase of 1.02% [1].Over the past month, Teekay Tankers shares witnessed a loss of 4.75%, trailing the Transportation sector's gain of 5.56% and the S&P 500's gain of 4.99%. Investors are eagerly awaiting the company's upcoming earnings disclosure, with expectations for EPS of $1.59, down 48.38% from the prior-year quarter. The Zacks Consensus Estimate for revenue projects net sales of $172.46 million, a decrease of 12.23% from the year-ago period [1].
For the full year, Zacks Consensus Estimates project earnings of $6.69 per share and a revenue of $646.53 million, indicating changes of -35.11% and -11.56%, respectively, from the preceding year. The Zacks Consensus EPS estimate has moved 3.4% higher within the past month, with Teekay Tankers currently boasting a Zacks Rank of #3 (Hold) [1].
Investors should also note Teekay Tankers' current valuation metrics, including its Forward P/E ratio of 6.48, which is a discount compared to its industry average Forward P/E of 8.81. The Transportation - Shipping industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries [1].
Based on Teekay Tankers' 15-minute chart, a bullish signal was triggered by the KDJ Golden Cross and a Bullish Marubozu pattern on July 8th, 2025, at 2:45 PM. This indicates a shift in momentum towards an upward trajectory, suggesting a potential increase in the stock price. As buyers maintain control of the market, it is likely that bullish momentum will continue [2].
References:
[1] https://www.nasdaq.com/articles/teekay-tankers-tnk-rises-higher-market-key-facts
[2] Based on the provided writing topic.
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