The market capitalization for Teekay Tankers Ltd. (TNK) is $2.61 Billion, making it a Mid Cap company. Market cap is calculated by multiplying the current stock price by the total number of shares outstanding.
Market Capitalization
$2.61B
$2.61 Billion
Calculation
- Stock Price
- $75.40
- Shares Outstanding
- 34.64M
- Market Cap
- $2.61B
Market Cap = Price × Shares Outstanding
Size Classification
Mid Cap
$2B - $10B
Companies with market capitalization between $2 billion and $10 billion.
Market Cap Size Scale
Micro Cap
<$250M
Small Cap
$250M-$2B
Mid Cap
$2B-$10B
Large Cap
$10B-$1T
Mega Cap
>$1T
Related Valuation Metrics
Key Statistics
| Market Cap | $2.61 Billion |
| Stock Price | $75.40 |
| Shares Outstanding | 34.64M |
| Size Category | Mid Cap |
| P/E Ratio | 6.13 |
| P/B Ratio | 1.20 |
About Teekay Tankers Ltd.
Teekay Tankers Ltd. specializes in providing essential marine transportation solutions to the global oil industry, with its operations spanning Bermuda and international waters. The company's service offerings encompass both voyage and time charter arrangements, alongside specialized offshore ship-to-ship transfer operations for a diverse range of commodities. These primarily include crude oil and refined petroleum products, but also extend to liquid gases and various other specialized cargo. Beyond shipping, Teekay Tankers Ltd. further extends its expertise to include comprehensive commercial and technical management services for tankers. As of December 31, 2021, the company operated a substantial fleet, comprising 48 owned and leased double-hull oil tankers. This is supplemented by two Aframax tankers and a single LR2 tanker, all acquired via time charter agreements. Established in 2007, Teekay Tankers Ltd. maintains its corporate headquarters in Hamilton, Canada.
- Sector
- Industrials
- Industry
- Marine Shipping
- CEO
- Kenneth Hvid