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 Corporation Announces Update on $25 Million Share Repurchase Program and Announces New Share Repurchase Program • GlobeNewswire Inc. • 09/09/2024 10:59:47 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/21/2024 04:15:04 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/20/2024 08:28:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:42:18 PM
- Form F-4 - Registration of securities, foreign private issuers, business combinations • Edgar (US Regulatory) • 08/07/2024 09:11:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 08:39:27 PM
- Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes • GlobeNewswire Inc. • 08/07/2024 08:05:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/02/2024 03:54:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2024 03:25:31 PM
- Teekay Corporation Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/01/2024 05:00:48 AM
- Teekay Tankers Ltd. Reports Second Quarter 2024 Results and Declares Dividend • GlobeNewswire Inc. • 08/01/2024 05:00:28 AM
- Teekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024 • GlobeNewswire Inc. • 07/24/2024 08:00:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/10/2024 06:20:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 03:44:49 PM
- Teekay Corporation Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/09/2024 05:00:38 AM
- Teekay Tankers Ltd. Reports First Quarter 2024 Results and Declares Dividends • GlobeNewswire Inc. • 05/09/2024 05:00:05 AM
- 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
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