Teekay Tankers Ltd research snapshot
TNK AI stock analysis as of the August 4, 2026 data cutoff reads Teekay Tankers Ltd as a leading crude and product tanker owner benefiting from record spot rates. The stock closed at $80.48 on August 3, 2026, up 1.11 or 1.40% from the $79.37 July 31 close, after opening at $80.96 and trading in a session range of $78.02 to $81.50, carrying a market capitalization near $2.79 billion on 34.68 million common shares outstanding, which the Q2 2026 Form 6-K confirms as 30.05 million Class A and 4.63 million Class B shares as of June 30, 2026. Q2 2026 revenue was $379.51 million and GAAP net income was $225.91 million, or $6.49 basic and $6.47 diluted per share, the highest quarterly adjusted net income in company history at $194 million, or $5.56 per share, driven by record spot tanker rates that averaged about $109,200 per day for Suezmax vessels and $74,100 per day for Aframax/LR2 vessels. The company generated about $200 million of free cash flow in the quarter, ended June with over $1.2 billion of cash and no debt, and has secured Q3 2026 spot rates of about $104,800 per day for Suezmax vessels and $59,900 per day for Aframax/LR2 vessels on roughly 44% of booked spot days. The TNK AI stock forecast reflects a range of rate, fleet utilization, balance-sheet, and valuation scenarios, not a promise. This page is for informational use only and is not investment advice.
Current price
$80.48 at the August 3, 2026, 4:00 PM EDT market close, up 1.11 or 1.40% from the $79.37 July 31 close, after opening at $80.96 and trading in a session range of $78.02 to $81.50
Market cap
$2.79 billion reported by StockAnalysis.com at the August 3, 2026 market close, matching the $80.48 price times 34.68 million common shares outstanding, which the Q2 2026 Form 6-K confirms as 30.05 million Class A and 4.63 million Class B shares as of June 30, 2026
AI score
73 / 100
Rating
Record tanker rates, a no-debt balance sheet, and strong momentum offset by cyclical rate risk and a price near the 52-week high
Trend status
Price above the 5-day, 20-day, 50-day, and 200-day moving averages near $78.43, $74.11, $72.99, and $67.64, up about 88.9% over the trailing 52 weeks, with 14-day RSI near 66
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Teekay Tankers owns and operates crude and product tankers for oil companies, trading houses, and government entities, plus marine services and STS lightering in the U.S. Gulf and Caribbean. Revenue depends on vessel utilization, voyage execution, charter mix, and spot freight rates rather than recurring subscription income. | High |
| Moat | The moat is a modern fleet, operational scale in the mid-size tanker segment, long-standing customer relationships, and access to commercial management expertise through the Teekay group. It is useful in a fragmented market but does not prevent freight-rate compression. | Medium |
| Management | CEO Kenneth Hvid and CFO Brody Speers lead a management team with deep shipping industry experience. The company maintains a no-debt balance sheet with about $1.2 billion of cash, executes a fleet renewal program that sold nine older vessels for $369.5 million with gains of $125 million and acquired or committed to seven modern vessels for about $427 million over the past 12 months, and has returned capital through fixed and special dividends. | Medium-high |
| Financial trend | TTM revenue of about $1.15 billion and TTM net income of about $592 million reflect the record tanker market. Q2 2026 revenue of $379.51 million and GAAP net income of $225.91 million beat the previous quarter, and H1 2026 net income reached $379.46 million, or $10.91 basic per share. The balance sheet is debt-free with over $1.2 billion of cash. | High |
| Valuation | At $80.48, the stock trades at about 4.74x TTM EPS of $16.97, 1.17x book value of $68.51, 2.42x revenue, and 8.37x trailing free cash flow, with a 1.24% dividend yield. Those figures look attractive only if the current tanker rate environment and earnings can persist or improve. | Medium-high |
| Technical trend | The stock has rallied from its 52-week low of $42.88 to the current $80.48, up about 88.9% over the trailing 52 weeks. Price action shows a constructive uptrend above the 5-day, 20-day, 50-day, and 200-day moving averages, but the price sits just below the 52-week high of $83.99. | Medium |
| Risk level | Risk is high because spot tanker rates, oil trade routes, geopolitical events, vessel supply, war-risk insurance costs, dry-dock costs, and changes in oil demand can all affect earnings and dividends quickly. The Q2 rate spike is tied to a U.S.-Iran conflict that could de-escalate suddenly. | High |
| AI confidence | The evidence is strong for historical facts and arithmetic that cross-validated across StockAnalysis.com, SEC EDGAR, the Q2 2026 Form 6-K, and the earnings call transcript, but AI cannot reliably forecast tanker rates, oil demand, geopolitical disruptions, vessel supply, or the timing of the next tanker-cycle downturn. | High data confidence |
| Investment certainty | Investment certainty is lower than data confidence because Teekay Tankers is a cyclical tanker owner whose earnings and dividend can change materially even when the fleet remains intact and operations run smoothly. | Low-medium |
TNK AI stock forecast
The TNK AI stock forecast uses a three-year scenario model around the $80.48 cutoff price. With TTM EPS of $16.97, annual EPS growth assumptions of 15%, 2%, and -30%, and terminal P/E multiples of 6x, 4x, and 2x, the financial-rigor tool produced model outputs of $154.9, $72.0, and $11.6. The page widens those outputs into ranges because tanker rates and dividends are uncertain. The sell-side consensus price target is $90.00 with a Buy rating, ranging from $78 to $96.
$105 to $140
More likely if Suezmax and Aframax spot rates stay near record levels or rise, fleet utilization stays high, oil trade flows stay lengthened by the Strait of Hormuz disruption, the balance sheet stays debt-free, the fleet renewal program keeps lowering average fleet age, and fixed and special dividends are sustained or increased.
$70 to $95
More likely if freight rates normalize from current record levels but stay above long-term averages, Teekay Tankers maintains fleet utilization and cost control, the debt-free balance sheet and about $1.2 billion of cash support the valuation, and the market values normalized earnings at a moderate cyclical multiple near the $90.00 analyst target.
$25 to $45
More likely if the U.S.-Iran conflict is resolved, the Strait of Hormuz reopens, oil tanker supply grows faster than seaborne oil demand, newbuilding deliveries hit the market from the 2026 orderbook that now stretches into 2030, vessel values decline, or dividends are reduced after a spot rate downturn.
TNK AI technical analysis
TNK AI technical analysis is bullish but extended as of the August 4, 2026 data cutoff. The stock closed at $80.48 on August 3, 2026, up about 88.9% over the trailing 52 weeks from a low of $42.88, and trades above its 5-day, 20-day, 50-day, and 200-day moving averages near $78.43, $74.11, $72.99, and $67.64, with 14-day RSI near 66 on StockAnalysis.com and near 66.2 on Barchart. The 52-week high of $83.99 sits just overhead. Because this page does not fetch request-time market data, confirm levels and volume in a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $80.48 | August 3, 2026 close, up 1.11 or 1.40% from the $79.37 July 31 close, within a session range of $78.02 to $81.50 after opening at $80.96. |
| 5-day moving average | $78.43 | Barchart reported the 5-day moving average near $78.43, slightly below the current price. The stock held above it on the August 3 rally. |
| 20-day moving average | $74.11 | Barchart reported the 20-day moving average near $74.11. Price well above this level keeps the medium-term bias positive. |
| 50-day moving average | $72.99 | StockAnalysis.com statistics and Barchart both report the 50-day moving average near $72.99. A sustained hold above it supports the uptrend. |
| 200-day moving average | $67.64 | StockAnalysis.com statistics and Barchart both report the 200-day moving average near $67.64. The stock trades about 19% above it. |
| Near support | $77.30 to $78.02 | The August 3 session low near $78.02 and the July 30 to 31 pullback zone near $77.30 to $77.36. A monitoring zone, not a guaranteed floor. |
| Deeper support | $72.00 to $74.00 | Potential support around the 20-day moving average near $74.11 and the July 13 to 16 area near $70.72 to $72.74. A sustained break below would weaken the medium-term structure. |
| Near resistance | $81.50 | The August 3 intraday high. A clean close above with volume would open the path toward the 52-week high. |
| 52-week high resistance | $83.99 | The 52-week high. A breakout above this level would signal trend continuation, pending tanker-rate confirmation. |
| 52-week low | $42.88 | The prior low provides a reference range but is far below current price. |
| Momentum | 14-day RSI near 66 | RSI near 66 on StockAnalysis.com statistics and near 66.2 on Barchart is strong but not yet overbought. 14-day ADX near 17.9 signals a moderate trend. |
| Volume | 349,589 shares on August 3 | Slightly above the 20-day average volume near 320,000 to 323,000 shares, suggesting the recent rally has some confirmation. |
| Volatility | 14-day ATR near $2.89 (about 3.6%), 100-day historic volatility near 42% | Position sizing should account for wide daily swings driven by tanker-rate and geopolitical headlines. |
| Invalidation | Sustained close below $72.00 | A confirmed break of the $72.00 to $74.00 support area should trigger a fresh review of tanker rates, fleet data, and the company earnings outlook. |
TNK AI trading strategy
The TNK AI trading strategy is a rules-based research framework, not personalized advice. It should be paired with live price and volume, a defined position size, an invalidation level, tanker-rate data, and the next company filing.
Wait for TNK to hold above the $77.30 support area and reclaim the $81.50 level with expanding volume. Then check Suezmax and Aframax spot rates, fleet utilization, and the next earnings update before treating the move as trend continuation toward the $83.99 high.
A failed breakout followed by a close below $77.30 invalidates the setup. Do not widen risk limits because the tanker cycle and the geopolitical premium can reverse quickly.
If TNK pulls back toward the $72.00 to $74.00 range while the tanker rate outlook remains positive, compare the price move with peer performance and company charter coverage before calling it mean reversion.
Do not average down solely because the stock trades at a low P/E. A freight-rate decline tied to a Hormuz resolution can make a low multiple look expensive for several quarters.
Track crude tanker spot rates, the Strait of Hormuz and Red Sea situation, fleet utilization, vessel sales and purchases, the orderbook, cash position, dry-dock spending, dividend declarations, and share count. Monitor the Teekay group structure for any corporate simplification or restructuring moves.
Reduce confidence if tanker rates approach the roughly $9,700 per day cash breakeven, the orderbook delivers surplus tonnage, vessel values decline, or dividends rely on asset sales rather than operating cash flow.
Investment research summary
Teekay Tankers turns tanker capacity, crews, fuel, commercial management, and chartering skill into ocean transportation for crude oil and refined petroleum products. Customers pay for vessel capacity and completed voyages. The economic engine is daily TCE revenue minus voyage costs, ship operating expenses, depreciation, interest, and dry-dock spending. In Q2 2026 the company earned about $109,200 per day on its Suezmax spot vessels and about $74,100 per day on its Aframax/LR2 spot vessels.
The practical moat is a modern fleet and commercial management platform. Teekay Tankers can combine spot voyages with time charters, use market intelligence across vessel classes, and access the Teekay group operational network. The advantage is narrower than a brand or network effect because a good fleet cannot prevent a global tanker oversupply.
The thesis fails if the U.S.-Iran conflict is resolved and the Strait of Hormuz reopens, tanker supply grows faster than seaborne oil demand, freight rates normalize below cash breakeven, or the 2026 orderbook delivers surplus tonnage before older vessels are scrapped. Other failure paths include higher war-risk insurance costs, weak vessel values, dry-dock overruns, dividend cuts, environmental regulation, accidents, and related-party transactions within the Teekay group that reduce per-share value.
CEO Kenneth Hvid and CFO Brody Speers lead a management team with decades of shipping industry experience. The company has no debt, over $1.2 billion of cash, and a free cash flow breakeven near $9,700 per day, and it is renewing the fleet by selling nine older vessels for $369.5 million and acquiring or committing to seven modern vessels for about $427 million over the past 12 months. The central test is whether fleet management and chartering strategy create value for shareholders through the full tanker cycle, not just during the current record rate environment.
Oil shipping benefits when supply chains become longer or more fragmented. The U.S.-Iran conflict, Strait of Hormuz disruption, Houthi attacks in the Red Sea, and attacks on Russian oil infrastructure have lengthened voyages and boosted ton-miles, while OECD oil inventories at a 20-year low and a U.S. strategic reserve near a 43-year low create restocking potential. However, the industry remains exposed to a high 2026 tanker orderbook that stretches into 2030, oil consumption trends, sanctions policy, canal access, war-risk insurance costs, and a mid-size tanker fleet that is the oldest in over 30 years.
At $80.48, the stock trades at about 4.74x TTM EPS of $16.97, 1.17x book value, 2.42x revenue, and 8.37x trailing free cash flow, with a 1.24% dividend yield. The three-year model ranges from $11.6 to $154.9 before being widened into scenario bands because current earnings reflect a record rate environment. A margin of safety requires normalized cash flow estimates, not just a low headline P/E multiple.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Latest NYSE close | $80.48 on August 3, 2026, up 1.11 or 1.40% from $79.37, within a session range of $78.02 to $81.50 | StockAnalysis.com real-time quote and price history | August 4, 2026 |
| Shares outstanding | 34.68 million common shares, confirmed as 30.05 million Class A and 4.63 million Class B as of June 30, 2026 | Q2 2026 Form 6-K and StockAnalysis.com statistics | August 4, 2026 |
| Market capitalization audit | $2.79 billion from $80.48 x 34.68 million common shares; verified with financial_rigor.py at 0.04% deviation | Pineify financial_rigor.py and StockAnalysis.com | August 4, 2026 |
| Q2 2026 revenue | $379.51 million | Q2 2026 Form 6-K income statement and StockAnalysis.com | August 4, 2026 |
| Q2 2026 net income / EPS | GAAP net income $225.91 million; basic EPS $6.49 and diluted EPS $6.47; adjusted net income $194 million or $5.56 per share, the highest quarterly adjusted net income on record | Q2 2026 Form 6-K and Q2 2026 earnings call transcript | August 4, 2026 |
| H1 2026 results | Revenue $665.60 million; GAAP net income $379.46 million or $10.91 basic per share | Q2 2026 Form 6-K income statement | August 4, 2026 |
| Q2 2026 spot TCE rates | Suezmax about $109,200 per day, Aframax/LR2 about $74,100 per day, average mid-size rate about $91,000 per day, a record | Q2 2026 Form 6-K TCE table and earnings call transcript | August 4, 2026 |
| Q3 2026 booked spot rates | About $104,800 per day for Suezmax and $59,900 per day for Aframax/LR2 vessels on roughly 44% of booked spot days | Q2 2026 earnings call transcript | August 4, 2026 |
| TTM revenue / EPS | TTM revenue about $1.15 billion; TTM EPS $16.97 | StockAnalysis.com statistics | August 4, 2026 |
| P/E ratio (TTM) | 4.74x at $80.48; verified with financial_rigor.py | Pineify financial_rigor.py and StockAnalysis.com | August 4, 2026 |
| Balance sheet | Cash and cash equivalents $735.01 million, short-term investments $476.58 million, total cash and investments about $1,212 million, total debt $27.8 million, net cash about $1,184 million or $33.85 per share, no outstanding bank borrowings | Q2 2026 Form 6-K balance sheet and StockAnalysis.com | August 4, 2026 |
| Book value | About $2,376 million, or $68.51 per share | StockAnalysis.com statistics | August 4, 2026 |
| Free cash flow | TTM operating cash flow $540.13 million, TTM free cash flow $333.51 million or $9.62 per share; Q2 2026 free cash flow about $200 million | StockAnalysis.com statistics and Q2 2026 earnings call | August 4, 2026 |
| Dividend | Fixed quarterly dividend of $0.25 per share, about $1.00 annualized or 1.24% yield; the next ex-dividend date is August 10, 2026; a $1.00 special dividend was declared after Q1 2026 and paid in June 2026 | StockAnalysis.com dividend page and Q1 2026 earnings release | August 4, 2026 |
| 52-week price range | $42.88 to $83.99 | StockAnalysis.com statistics | August 4, 2026 |
| Beta | -0.23 | StockAnalysis.com statistics | August 4, 2026 |
| Short interest | 934,829 shares, 3.90% of shares outstanding, about 2.33 days to cover | StockAnalysis.com statistics | August 4, 2026 |
| Analyst consensus | Buy from 5 analysts, average price target $90.00 or 11.83% upside, range $78 to $96; BofA maintains Underperform with a target raised to $78, Evercore ISI maintains Outperform with a target raised to $90 | StockAnalysis.com forecast | August 4, 2026 |
| FY2026 and FY2027 consensus | FY2026 revenue $1.01 billion (+6.44%) and EPS $17.91; FY2027 revenue $673.52 million (-33.52%) and EPS $9.10 | StockAnalysis.com forecast | August 4, 2026 |
| Fleet | 34 double-hull tankers including 14 Suezmax, 18 Aframax/LR2, and two Suezmax newbuildings, plus three time chartered-in oil tankers; fleet renewal sold nine older vessels for $369.5 million with gains of $125 million and acquired or committed to seven modern vessels for about $427 million over the past 12 months | Q2 2026 earnings release and earnings call transcript | August 4, 2026 |
| Technical indicators | 5-day MA $78.43, 20-day MA $74.11, 50-day MA $72.99, 200-day MA $67.64, 14-day RSI near 66.2, 14-day ADX near 17.9, 14-day ATR near $2.89 or about 3.6%, 100-day historic volatility near 42% | Barchart technical analysis and StockAnalysis.com statistics | August 4, 2026 |
| Financial-rigor verification | Market cap, valuation ratios, three-scenario values, and cross-source checks calculated locally with exact decimal arithmetic across the Q2 2026 Form 6-K, StockAnalysis.com, and the earnings call transcript | Pineify tools/financial_rigor.py local run | August 4, 2026 |
This TNK AI stock analysis page is an informational tool only. It is not investment advice, a solicitation, or a guarantee of returns. Forecast ranges are scenarios based on public data available as of August 4, 2026 and can be wrong if tanker rates, oil demand, trade routes, the outcome of the U.S.-Iran conflict, vessel supply, fleet execution, or market valuation change.
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