Earnings PerformanceTeekay Tankers posted adj diluted 4Q24 EPS of $1.49, down 48% year-year.
Geopolitical And Trade Route UncertaintyTNK is in unprecedented territory regarding geopolitical and trade route uncertainty, which will likely lead to volatility in 2025.
Rating Downgrade And Price ObjectiveAnalyst lowers the rating to Underperform from Neutral on TNK’s shares and decreases the price objective to $46, based on revised 2025 EBITDA estimate.