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Watch for Continued Gains in Shares of Teekay Tankers Ltd. (TNK)

Teekay Tankers Ltd. (NYSE:TNK) traded at a new 52-week high today of $31.88. Approximately 346,000 shares have changed hands today, as compared to an average 30-day volume of 540,000 shares.

Teekay Tankers Ltd. share prices have moved between a 52-week high of $31.88 and a 52-week low of $9.89 and are now trading 218% above that low price at $31.41 per share.

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.

There is potential upside of 174.3% for shares of Teekay Tankers Ltd. based on a current price of $31.41 and an average consensus analyst price target of $86.16.

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