Analysts at Sterne Agee reiterated a "Buy" rating on Teekay Tankers Ltd. (TNK).
The board of directors of the company also recently declared a quarterly dividend of 25 cents per share, an approximate 14 percent over its prior dividend. That gives shareholders about a 10 percent yield.
In its most recent quarter losses for January-March widened to $29.7 million, or 41 cents a share, from $14.0 million, or 19 cents a share, last year in the same quarter.
Sterne Agee has a price target of $45 on the company.
Teekay Tankers closed Friday at $9.19, falling $0.12, or 1.29 percent.
Showing posts with label Teekay Tankers. Show all posts
Showing posts with label Teekay Tankers. Show all posts
Monday, May 23, 2011
Wednesday, April 7, 2010
Teekay Tankers (NYSE:TNK) Prices Public Offering
Teekay Tankers
Teekay Tankers (NYSE:TNK) announced it public offering price for 7.7 million shares of Class A common stock at $12.25 a share, a little over 6 percent lower than it closing price on Monday.
The capital is being raised for the acquisition of three oil tankers from the parent company of Teekay Tankers, Teekay Corp. (NYSE:TK).
The offering is expected to close on April 9.
Teekay Tankers (NYSE:TNK) announced it public offering price for 7.7 million shares of Class A common stock at $12.25 a share, a little over 6 percent lower than it closing price on Monday.
The capital is being raised for the acquisition of three oil tankers from the parent company of Teekay Tankers, Teekay Corp. (NYSE:TK).
The offering is expected to close on April 9.
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