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Teekay Tankers Ltd (TNK)

TNK on New York Consolidated

1.51USD
14 Dec 2017
Change (% chg)

$-0.04 (-2.58%)
Prev Close
$1.55
Open
$1.57
Day's High
$1.57
Day's Low
$1.51
Volume
524,270
Avg. Vol
1,261,370
52-wk High
$2.70
52-wk Low
$1.37

Latest Key Developments (Source: Significant Developments)

Teekay Tankers Says Stewart Andrade Has Been Appointed CFO
Thursday, 7 Dec 2017 06:59am EST 

Dec 7 (Reuters) - Teekay Tankers Ltd ::TEEKAY TANKERS ANNOUNCES MANAGEMENT CHANGE.TEEKAY TANKERS LTD - STEWART ANDRADE HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER OF TEEKAY TANKERS.TEEKAY TANKERS LTD- ANDRADE SUCCEEDS VINCE LOK WHO WILL REMAIN TEEKAY CORPORATION'S EXECUTIVE VICE PRESIDENT AND CFO.  Full Article

Huber Capital reports a 5.94 pct passive stake in Teekay Tankers
Thursday, 7 Dec 2017 06:26am EST 

Dec 7 (Reuters) - Teekay Tankers Ltd ::HUBER CAPITAL MANAGEMENT LLC REPORTS A 5.94 PCT PASSIVE STAKE IN TEEKAY TANKERS LTD AS OF NOV 29 - SEC FILING.  Full Article

Teekay Tankers reports Q3 adjusted loss per share $0.08
Thursday, 9 Nov 2017 03:01am EST 

Nov 9 (Reuters) - Teekay Tankers Ltd :Reports third quarter 2017 results.Q3 adjusted loss per share $0.08.Q3 gaap loss per share $0.12.Q3 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Qtrly ‍total revenues $91.2 million versus $109.5 million.‍Expects tanker rates to recover during q4 of 2017, in line with seasonal norms​.  Full Article

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

BRIEF-Teekay Tankers Says Stewart Andrade Has Been Appointed CFO

* TEEKAY TANKERS LTD - STEWART ANDRADE HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER OF TEEKAY TANKERS