Is NYSE:TNK suited for CANSLIM investing?

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.

Looking into the canslim metrics of TEEKAY TANKERS LTD-CLASS A

• The earnings per share (EPS) of TEEKAY TANKERS LTD-CLASS A have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 476.0% increase. This reflects the company's ability to improve its profitability over time.
• The recent q2q revenue growth of 52.91% of TEEKAY TANKERS LTD-CLASS A showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• 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 a healthy Return on Equity(ROE) of 39.67%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• TEEKAY TANKERS LTD-CLASS A has exhibited strong Relative Strength(RS) in recent periods, with a current 93.35 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. TEEKAY TANKERS LTD-CLASS A shows promising potential for continued price momentum.
• 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 56.78% 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.

Insights from Technical Analysis

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.

Taking everything into account, TNK scores 8 out of 10 in our technical rating. In the last year, TNK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

• The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
• When comparing the yearly performance of all stocks, we notice that TNK is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by TNK over the past year are nicely spread over this period.
• TNK is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 84% 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.
• In the last month TNK has a been trading in the 38.06 - 42.74 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Check the latest full technical report of TNK for a complete technical analysis.

Zooming in on the fundamentals.

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

TNK gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 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. TNK has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! This makes TNK very considerable for value and growth investing!

Check the latest full fundamental report of TNK for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

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.