TNK is trading 6% higher despite glum day in in energy sector

Shares of Teekay Tankers Ltd (TNK) are trading 6% higher at a price of $29.18 at the time of this writing. While the Energy sector is having a slightly somber day in general, the company is strongly surpassing it's peers.

1. Teekay Tankers Ltd. (NYSE:TNK) analyst increased earnings estimates for the year 2022.
2. The stock was raised to $35 at Jefferies.

Teekay Tankers Ltd has been trading between a 52-week high of $29.18 and a 52-week low of $9.89. The stock has a market cap of $849 Million.

Teekay Tankers currently has a fleet of 52 double-hull tankers (including 26 Suezmax tankers, 17 Aframax tankers and nine LR2 product tankers), and also has four time chartered-in tankers. Teekay Tankers' vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture.