Why the growth investor may take a look at TEEKAY TANKERS LTD-CLASS A (NYSE:TNK).

In this article we will dive into TEEKAY TANKERS LTD-CLASS A (NYSE:TNK) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TEEKAY TANKERS LTD-CLASS A showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• TEEKAY TANKERS LTD-CLASS A has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 476.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• TEEKAY TANKERS LTD-CLASS A has achieved significant quarter-to-quarter (Q2Q) revenue growth of 52.91%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• Over the past 3 years, TEEKAY TANKERS LTD-CLASS A has demonstrated 51.63% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• TEEKAY TANKERS LTD-CLASS A has achieved an impressive Return on Equity (ROE) of 39.67%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of TEEKAY TANKERS LTD-CLASS A has been consistently solid, with a current 92.17 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. TEEKAY TANKERS LTD-CLASS A exhibits strong prospects for further price appreciation.
• TEEKAY TANKERS LTD-CLASS A maintains a healthy Debt-to-Equity ratio of 0.13. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• TEEKAY TANKERS LTD-CLASS A exhibits a favorable ownership structure, with an institutional shareholder ownership of 48.86%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Zooming in on the technicals.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 3 out of 10 to TNK. Although TNK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• TNK is part of the Oil, Gas & Consumable Fuels industry. There are 217 other stocks in this industry. TNK outperforms 89% of them.
• The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
• When comparing the yearly performance of all stocks, we notice that TNK is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, TNK also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 7 months ago.
• TNK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNK is lagging the market slightly.

Our latest full technical report of TNK contains the most current technical analsysis.

Zooming in on the fundamentals.

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

We assign a fundamental rating of 7 out of 10 to TNK. TNK was compared to 217 industry peers in the Oil, Gas & Consumable Fuels industry. While TNK has a great health rating, its profitability is only average at the moment. An interesting combination arises when we look at growth and value: TNK is growing strongly while it also seems undervalued. With these ratings, TNK could be worth investigating further for value and growth investing!.

For an up to date full fundamental analysis you can check the fundamental report of TNK

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.