iShares MSCI Turkey ETF (TUR) Reaches $44.10 Formed H&S; 4 Bullish Analysts Covering Teekay Tankers Ltd. (TNK)

January 4, 2018 - By Danny Collins

Among 9 analysts covering Teekay Tankers (NYSE:TNK), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Teekay Tankers had 15 analyst reports since September 4, 2015 according to SRatingsIntel. Zacks downgraded the shares of TNK in report on Tuesday, September 22 to “Hold” rating. The stock has “Buy” rating by Deutsche Bank on Friday, November 6. JP Morgan downgraded Teekay Tankers Ltd. (NYSE:TNK) on Tuesday, January 12 to “Underweight” rating. The rating was maintained by UBS on Thursday, October 22 with “Buy”. The firm has “Buy” rating by Seaport Global given on Wednesday, May 4. JP Morgan upgraded the stock to “Neutral” rating in Thursday, April 7 report. The firm has “Underperform” rating by Bank of America given on Friday, May 20. UBS upgraded Teekay Tankers Ltd. (NYSE:TNK) on Friday, September 4 to “Buy” rating. The company was initiated on Tuesday, December 8 by Credit Agricole. UBS downgraded the stock to “Neutral” rating in Tuesday, July 26 report. See Teekay Tankers Ltd. (NYSE:TNK) latest ratings:

10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $1.6 New Target: $1.3 Maintain

iShares MSCI Turkey ETF (TUR) formed H&S with $41.01 target or 7.00% below today’s $44.10 share price. iShares MSCI Turkey ETF (TUR) has $349.03M valuation. The ETF increased 0.30% or $0.13 during the last trading session, reaching $44.1. About 120,087 shares traded. iShares MSCI Turkey ETF (NASDAQ:TUR) has risen 5.32% since January 4, 2017 and is uptrending. It has underperformed by 11.38% the S&P500.

Teekay Tankers Ltd. engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company has market cap of $370.12 million. The firm also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 43 owned conventional tankers, 7 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 7 ship-to-ship support vessels.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.24, from 1.2 in 2017Q2. It worsened, as 15 investors sold Teekay Tankers Ltd. shares while 30 reduced holdings. 19 funds opened positions while 24 raised stakes. 50.49 million shares or 8.40% less from 55.11 million shares in 2017Q2 were reported. Gp Inc has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). D E Shaw invested 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Hite Hedge Asset Mgmt Llc reported 391,637 shares. Two Sigma Secs Limited Liability holds 37,128 shares. Barclays Public Ltd Limited Liability Company reported 6,125 shares or 0% of all its holdings. The California-based Fdx Advisors has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Bluecrest Capital Limited owns 15,152 shares for 0% of their portfolio. Acadian Asset Management Limited Liability stated it has 0.01% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Ameriprise Fincl Inc has invested 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Systematic Fin L P owns 0.02% invested in Teekay Tankers Ltd. (NYSE:TNK) for 745,810 shares. Principal Fin Grp accumulated 0% or 19,638 shares. State Street owns 2.02 million shares or 0% of their US portfolio. Jpmorgan Chase, a New York-based fund reported 4,759 shares. Cna Fin holds 0.14% or 332,350 shares. Credit Agricole S A reported 55,100 shares.

The stock decreased 0.72% or $0.01 during the last trading session, reaching $1.38. About 125,696 shares traded. Teekay Tankers Ltd. (NYSE:TNK) has declined 45.94% since January 4, 2017 and is downtrending. It has underperformed by 62.64% the S&P500.