Teekay Tankers Ltd. (TNK) was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up over 15% in the past one-month time frame.
This shipping company has seen a mixed track record when it comes to estimate revision. Two estimates each have moved up and down over the last one month, while the Zacks Consensus Estimate moved lower over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Teekay Tankers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
However, other players in the same industry, which look attractive at current levels, include Global Ship Lease, Inc. (GSL), Navios Maritime Partners L.P. (NMM) and Knightsbridge Tankers Limited (VLCCF). While Knightsbridge Tankers holds a Zacks Rank #1 (Strong Buy), both Global Ship and Navios Maritime carry a Zacks Rank #2 (Buy).
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