Exploring NYSE:TNK's growth characteristics.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if TEEKAY TANKERS LTD-CLASS A (NYSE:TNK) is suited for growth investing. Investors should of couse do their own research, but we spotted TEEKAY TANKERS LTD-CLASS A showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• In the most recent financial report, TEEKAY TANKERS LTD-CLASS A reported a 476.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• 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.
• The 3-year EPS growth of TEEKAY TANKERS LTD-CLASS A (51.63%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook 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 95.84 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.
• With 49.5% of the total shares held by institutional investors, TEEKAY TANKERS LTD-CLASS A showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Zooming in on the technicals.

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall TNK gets a technical rating of 9 out of 10. TNK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that TNK is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, TNK also shows a nice and consistent pattern of rising prices.
• TNK is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 96% of 217 stocks in the same industry.
• TNK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TNK is performing more or less in line with the market.
• TNK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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

What else is there to say on the fundamentals of NYSE:TNK?

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

Taking everything into account, TNK scores 7 out of 10 in our fundamental rating. TNK was compared to 217 industry peers in the Oil, Gas & Consumable Fuels industry. TNK is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. An interesting combination arises when we look at growth and value: TNK is growing strongly while it also seems undervalued. This makes TNK very considerable for value and growth investing!

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

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.