Teekay Tankers Ltd. (TNK) Jumps: Stock Adds 10.9% in Session
Teekay Tankers Ltd. (TNK) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.46 to $3.88 over the past one-month time frame.
None of the estimates for this shipping stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged during the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Teekay Tankers carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same sector include China COSCO Holdings Company Limited (CICOY), Euroseas, Ltd. (ESEA) and Global Ship Lease, Inc. (GSL). All these stocks hold a Zacks Rank #2 (Buy).
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TEEKAY TANKERS LTD (TNK): Free Stock Analysis Report
CHINA COSCO HOLDINGS (CICOY): Free Stock Analysis Report
EUROSEAS LTD MARSHALL ISLANDS (ESEA): Free Stock Analysis Report
GLOBAL SHIP LEASE INC (GSL): Free Stock Analysis Report
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