With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. The 52-week range on TNK shows that it touched its highest point at $74.20 and its lowest point at $33.35 during that stretch. It currently has a 1-year price target of $53.33. With its current market cap of 1.59 billion, TNK has annualized dividend of $1.00 while the current yield stands at 2.17%. Beta for the stock currently stands at -0.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TNK was up-trending over the past week, with a rise of 8.48%, but this was up by 22.98% over a month. Three-month performance surged to 5.68% while six-month performance fell -1.07%. The stock lost -21.01% in the past year, while it has gained 16.06% so far this year. A look at the trailing 12-month EPS for TNK yields 11.32 with Next year EPS estimates of 7.38. For the next quarter, that number is 1.96. This implies an EPS growth rate of -31.72% for this year and 4.86% for next year. EPS is expected to grow by 0.32% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.72%.
Float and Shares Shorts:
At present, 29.73 million TNK shares are outstanding with a float of 23.70 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNK since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.36835 being high and $10.15213 being low. For TNK, this leads to a yearly average estimate of $10.26024.
