Teekay Tankers Stock In Energy Field

Teekay Tankers stock is in a giant Energy Field pattern where the energy builds as the stock consolidates over a long span. The chart shows that the stock is now in a continuation pattern (purple) as it tests critical overhead resistance.

Teekay Tankers trades in the Shipping & Ports industry which is turning around.

The P/B of 1.25 suggests the company’s market value is attractively priced in relation to the assets it has. The PEG of 1.48 suggests investors are not overpaying for earnings growth. The stock has an excellent P/E of 9.59 and a forward P/E of 8.14.

Watch out though for the high debt! Like most tanker stocks, revenue is often increased through the purchase of tankers which put the company in debt. The company has total cash of $162.8 million with a whopping total debt of $663.3 million.

Teekay Tankers has an impressive EPS growth of +760% year over year. The EPS quarter over quarter is up an excellent +29.4%, and the EPS forecast is rising.

Source: guerillastocktrading.com/stocks/teekay-tankers-stock-in-continuation-pattern/
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