Apr 7 2016, 11:09 ET | About: Teekay Tankers Ltd (TNK)
By: Carl Surran, SA News Editor
Teekay Tankers (TNK -3.1%) is upgraded to Neutral from Underweight at J.P. Morgan, as the firm expects crude tanker fleet efficiency to increase due to improved balance between global oil production and consumption in 2016-17.JPM thinks a healthier order book, demand dynamics and global diesel glut point to a bullish stance for product tankers; while the concerns relating to little differentiation between crude and product tankers are valid, the two sectors have diverged in the past and will do so again, the firm says.As for TNK, the firm believes there is lower downside risk for the stock given the sharp YTD selloff.
Recent TNK News
- Teekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024 • GlobeNewswire Inc. • 05/01/2024 09:00:54 PM
- Teekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023 • GlobeNewswire Inc. • 03/25/2024 08:00:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:13:56 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 11:51:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 09:32:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 10:24:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 02:59:31 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 04:44:56 PM
- Teekay Corporation Reports Fourth Quarter and Annual 2023 Results • GlobeNewswire Inc. • 02/22/2024 06:00:22 AM
- Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares Dividend • GlobeNewswire Inc. • 02/22/2024 06:00:13 AM
- Teekay Group to Announce Fourth Quarter and Annual 2023 Earnings Results on February 22, 2024 • GlobeNewswire Inc. • 02/14/2024 09:00:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/24/2023 06:42:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/06/2023 09:05:02 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/03/2023 04:47:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 03:33:25 PM
- Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend • GlobeNewswire Inc. • 11/02/2023 05:00:21 AM
- Teekay Group to Announce Third Quarter 2023 Earnings Results on November 2, 2023 • GlobeNewswire Inc. • 10/25/2023 08:00:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/09/2023 09:11:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/04/2023 03:32:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/03/2023 03:55:34 PM
- Teekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares Dividend • GlobeNewswire Inc. • 08/03/2023 05:00:40 AM
- Teekay Group to Announce Second Quarter 2023 Earnings Results on August 3, 2023 • GlobeNewswire Inc. • 07/26/2023 08:00:39 PM
- Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation Plan • GlobeNewswire Inc. • 05/11/2023 05:00:09 AM
- Teekay Tankers Updates Capital Allocation Plan • GlobeNewswire Inc. • 05/11/2023 04:00:02 AM
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