Teekay Tankers Ltd. (TNK - Free Report) was a big mover last session, as the company saw its shares rise more than 5% 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 $1.42 to $1.60in the past one-month time frame.
The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Teekay Tankers currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Teekay Tankers Ltd. Price
A better-ranked stock in the Transportation sector is Dorian LPG Ltd. (LPG - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is TNK going up? Or down? Predict to see what others think: Up or Down.
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