Screened 2026-09-16 · the tape above runs as of 17:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Teekay Tankers Ltd. holds its Accumulation at $100.63. Consolidating, no directional conviction, held for 2 days.
As held on the ledger · 2026-09-16
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 2 days
Price at the screen
$100.63
Valuation
5.93 trailing · 9.23 forward price to earnings
Values screen
PASS· score 70.0
Beta
-0.22
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
2.07%
Below 33%
Interest-bearing debt is just 2.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.98%
Below 33%
Cash held in interest-bearing accounts and securities is 1.0% of assets, under the one-third limit.
Pass
Receivables
40.74%
Below 49%
Money owed to the company is 40.7% of assets, under the 49% limit.
Pass
Revenue purity
3.12%
Below 5%
Only 3.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. The price runs 7.5% above the base estimate.
Third-party analyst targets: 5 covering, consensus None. The average target sits −7% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Tanker earnings spike until the oil tide turns
Every barrel that crosses the ocean pays a tanker owner only while demand stays tight and rates stay high. Teekay Tankers shows a 24 percent revenue rise, 43 percent profit margins and 21 percent return on equity, yet the business sits inside a notoriously cyclical trade where one quiet year can erase the gains. The shares trade at 8.7 times forward earnings with a thin 9 percent margin of safety to our fair value, and the ethical screen clears without issue.
The low multiple therefore signals little more than peak-cycle earnings rather than a durable bargain. Five analysts see an $85 median target, but that view rests on the same oil-flow assumptions that have already turned several times this decade. Unknown competitive protection adds another layer of uncertainty in a market where newbuilds can flood capacity quickly.
The real risk is mistaking a temporary freight spike for lasting value. When global oil demand softens or OPEC cuts deepen, utilisation and day rates fall fast, and the same low multiple that looked attractive can compress further. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Bermuda and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
TNK trades on the NYSE (the company is based in Bermuda). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-15Markup · changed$88.20+9.0%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 9.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 71%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (5 analysts) rates it buy, with a mean price target of $87.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 7.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 71%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (5 analysts) rates it buy, with a mean price target of $87.
2026-07-18Markdown$75.40+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 71%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (5 analysts) rates it buy, with a mean price target of $87.
2026-07-03Markdown$75.40+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markdown$75.40Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
