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Teekay Tankers Ltd (TNK.N)

TNK.N on New York Stock Exchange

1.71USD
20 Oct 2017
Change (% chg)

$0.03 (+1.79%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Teekay Tankers announces new share repurchase program; voting agreement in favor of merger
Friday, 15 Sep 2017 06:58am EDT 

Sept 15 (Reuters) - Teekay Tankers Ltd :Teekay Tankers announces new share repurchase program; voting agreement in favor of merger.Teekay Tankers Ltd - ‍board of directors has authorized a share repurchase program for repurchase of up to $45 million of company's class A common shares​.Teekay Tankers - ‍in addition, co entered voting and support agreement with co's second largest shareholder after, Huber Capital Management.Teekay Tankers-agreement with Huber Capital whereby Huber Capital to vote its shares in favor of increasing authorized number of co's class A shares.  Full Article

Teekay Tankers Q2 GAAP loss per share $0.22
Thursday, 3 Aug 2017 02:08am EDT 

Aug 3 (Reuters) - Teekay Tankers Ltd :Teekay tankers ltd. Reports second quarter 2017 results.Q2 adjusted loss per share $0.04.Q2 GAAP loss per share $0.22.Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.Tanker market faced challenging headwinds in q2 of 2017.Qtrly total revenues $108.8 million versus $145.8 million.Significant slowdown in tanker fleet growth coupled with better oil market fundamentals will lead to recovery in freight rates, from H2 2018.  Full Article

Joseph Huber reports 10.3 pct stake in Teekay Tankers as of June 19
Tuesday, 20 Jun 2017 09:05am EDT 

June 20 (Reuters) - Teekay Tankers Ltd :Joseph Huber reports 10.3 percent stake in Teekay Tankers Ltd as of June 19 - sec filing.Joseph Huber says acquiring Teekay Tankers Ltd's Class A shares for investment purposes.Joseph Huber says Huber Capital Management Llc intends to vote against Teekay Tankers pending acquisition of Tanker Investments Ltd.Joseph Huber says "Huber Capital sees a significant gap between teekay Tankers’ intrinsic value and its current share price".  Full Article

Teekay Tankers announces merger agreement with Tanker Investments
Wednesday, 31 May 2017 06:45pm EDT 

May 31 (Reuters) - Teekay Tankers Ltd :Teekay Tankers announces merger agreement with Tanker Investments Ltd..Merger with Tanker Investments expected to be immediately accretive to earnings per share.Merger reduces financial leverage and increases total pro forma liquidity by about $117 million.Teekay Tankers will assume approximately $350 million of TIL'S long-term debt.  Full Article

Tanker Investments to merge with Teekay Tankers Ltd
Wednesday, 31 May 2017 06:43pm EDT 

May 31 (Reuters) - Tanker Investments Ltd : :Has entered into a definitive agreement to merge with Teekay Tankers Ltd..Says Tanker Investments will become a wholly-owned subsidiary of Teekay Tankers.Tanker investments- all-stock merger with teekay tankers at exchange ratio of 3.30 teekay tankers class a common shares for each TIL common share.Tanker investments - upon completion, tanker investments' shareholders will own approximately 30% of combined entity.Tanker investments - merger approved by board of directors of both Teekay Tankers and TIL, including unanimous approval from special committee.  Full Article

Teekay Tankers Q1 GAAP earnings per share $0.02
Thursday, 18 May 2017 12:52am EDT 

May 18 (Reuters) - Teekay Tankers Ltd :Teekay tankers ltd. Reports first quarter 2017 results.Q1 adjusted earnings per share $0.04.Q1 gaap earnings per share $0.02.Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Reported gaap net income of $0.02 per share, and adjusted net income of $0.04 per share, in q1 of 2017..Qtrly total revenues $125.1 million versus $117.7 million.  Full Article

Teekay Tankers declares cash dividend of $0.03 per share
Wednesday, 17 May 2017 08:40pm EDT 

May 17 (Reuters) - Teekay Tankers Ltd ::Declared a cash dividend of $0.03 per share for quarter ended March 31, 2017.  Full Article

Teekay Tankers reports Q4 adjusted earnings of $0.03/shr
Thursday, 23 Feb 2017 07:04am EST 

Teekay Tankers Ltd : Teekay Tankers Ltd. reports fourth quarter and annual 2016 results . Q4 adjusted earnings per share $0.03 . Q4 GAAP earnings per share $0.04 . Q4 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Teekay Tankers Ltd - Qtrly total revenues $117.7 million versus $169 million . Teekay Tankers Ltd - "expect 2017 will be a challenging year overall for tanker market" . Teekay Tankers Ltd - Total 2017 tanker fleet growth is forecast to be approximately 4.5 percent, which is slightly lower than 2016 .Teekay Tankers Ltd - "Anticipates that 2017 will present some headwinds to crude tanker rates".  Full Article

Teekay Tankers Q1 adjusted earnings per share $0.29
Thursday, 19 May 2016 02:20am EDT 

Teekay Tankers Ltd : Declared cash dividend of $0.09 per share for q1 of 2016 . Teekay tankers ltd. Reports first quarter 2016 results . Q1 adjusted earnings per share $0.29 . Q1 revenue $152.1 million versus i/b/e/s view $160.1 million . Q1 earnings per share view $0.37 -- Thomson Reuters I/B/E/S .Q1 gaap earnings per share $0.25 including items.  Full Article

Teekay Tankers Ltd announces new dividend policy; secures new $900 mln debt facility
Monday, 14 Dec 2015 06:58am EST 

Teekay Tankers Ltd:Approved a new dividend policy, effective immediately, under which the Company intends to pay out 30 to 50 percent of its quarterly adjusted net income, with a minimum quarterly dividend of $0.03 per share.Declared a fourth quarter cash dividend of $0.12 per share, representing a 400 percent increase from the previous fixed dividend of $0.03 per share.Cash dividend is payable on February 12, 2016 to all shareholders of record as at February 2, 2016.Also announced today that it has secured a new $900 million long-term debt facility that will mature in January 2021.New facility will be used to refinance 36 of the Company's existing vessels, including the recently-acquired vessels that are secured by the Company's two bridge loan facilities which mature in early-2016.New facility includes both a term loan and a revolving credit facility component, which will stretch out the Company's debt maturity profile as well as provide financial flexibility.  Full Article

BRIEF-Teekay Tankers announces new share repurchase program; voting agreement in favor of merger

* Teekay Tankers announces new share repurchase program; voting agreement in favor of merger