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Shares of Teekay Tankers Ltd. (NYSE:TNK) traded today at $19.47, eclipsing its 52-week high. So far today approximately 90,000 shares have been exchanged, as compared to an average 30-day volume of 475,000 shares.
Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.
There is potential upside of 1.2% for shares of Teekay Tankers Ltd. based on a current price of $19.15 and an average consensus analyst price target of $19.39.
Teekay Tankers Ltd. share prices have moved between a 52-week high of $19.47 and a 52-week low of $9.89 and are now trading 94% above that low price at $19.15 per share.
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