Crude Tanker Rates Reach 5-Year Peak as Buyers Withdraw from Russian Oil — Tanker Stocks Gain Attention

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Nov 24 2025

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TNK+3.6%

NAT+2.16%

Should l Buy TNK?

Source: SeekingAlpha

Surge in Crude Carrier Rates: Benchmark rates for very-large crude carriers (VLCCs) transporting oil from the Middle East to China have skyrocketed to nearly $137,000 a day, marking a 576% increase this year and reaching the highest level in over five years.
Impact of Sanctions on Russian Oil: The rise in supertanker bookings is attributed to U.S. sanctions on Russian oil exports, prompting buyers in India and China to seek alternative suppliers, which has also benefited smaller tanker vessels.

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Analyst Views on TNK

Wall Street analysts forecast TNK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TNK is 63.00 USD with a low forecast of 60.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

1 Buy

0 Hold

1 Sell

Hold

Current: 64.420

Low

60.00

Averages

63.00

High

66.00

Current: 64.420

Low

60.00

Averages

63.00

High

66.00

Evercore ISI

Jonathan Chappell

Outperform

upgrade

$53 -> $60

2025-10-28

Reason

Evercore ISI

Jonathan Chappell

Price Target

$53 -> $60

AI Analysis

2025-10-28

upgrade

Outperform

Reason

Evercore ISI analyst Jonathan Chappell raised the firm's price target on Teekay Tankers to $60 from $53 and keeps an Outperform rating on the shares. Heading into the winter season, which is traditionally a time for rising rates, the tanker market setup "looks promising," the analyst tells investors in a note on the group.

BofA

Underperform

maintain

$41 -> $55

2025-10-23

Reason

BofA

Price Target

$41 -> $55

2025-10-23

maintain

Underperform

Reason

BofA raised the firm's price target on Teekay Tankers to $55 from $41 and keeps an Underperform rating on the shares. The firm raised the multiple target it applies to its revised 2026 EBITDA estimate to the midpoint of its historical range as rates remain elevated, but remains concerned on the potential influx of capacity if sanctions are lifted as well as the eventual reopening of the Red Sea, the analyst tells investors.

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About TNK

Teekay Tankers Ltd. is a Bermuda-based company. The Company's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The Company owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The Company also owns a crude carrier (VLCC) through a joint venture. It owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

DHT Holdings and Peers Assess Crude Tanker Market Outlook

Dec 23 2025Benzinga

Strong Market Signals: The crude tanker market is currently experiencing sustained strength, with the Baltic Index exceeding $100,000 per day for 23 days, indicating a market environment reminiscent of 2020 and 2008, which suggests enhanced long-term profitability.
VLCC Influence Strengthens: The independent strength of VLCCs has lifted Suezmax earnings, marking a shift in market drivers and indicating a recovery across the entire tanker market, particularly with improved performance in mid-sized vessels.
Supply and Demand Dynamics: The constrained order book due to shipyard congestion and an aging global fleet has shifted the practical scrapping age from 15 to approximately 20 years, capping downside risks and supporting a long-term market cycle.
Capital Allocation Strategies: DHT Holdings is enhancing market credibility and supporting premium valuations through strategies centered on dividends, vessel investments, and share buybacks, demonstrating the momentum of capital allocation strategies under strong cash flows.

Teekay Tankers Shares Becoming Significantly Oversold

Dec 10 2025NASDAQ.COM

Teekay Tankers RSI Analysis: Teekay Tankers Ltd has an RSI reading of 29.8, significantly lower than the average RSI of 50.2 for energy stocks, indicating potential overselling.
Investment Opportunity: The low RSI may suggest that the heavy selling is nearing exhaustion, presenting a potential buying opportunity for bullish investors.
52-Week Performance: Teekay Tankers' shares have a 52-week low of $33.35 and a high of $63.71, with the last trade recorded at $52.72, reflecting a 2.1% decline on the day.
Market Context: Comparatively, other energy indicators show varying RSI levels, with WTI Crude Oil at 39.0 and Henry Hub Natural Gas at 55.7, highlighting the broader market dynamics.

Capital Link Hosts 2025 Shipping Sectors Webinar Series Featuring Key Industry Executives

Nov 24 2025Newsfilter

Executive Participation: From December 2 to 16, 2025, Capital Link will host a series of webinars featuring executives from various sectors including Dry Bulk, Container, and LPG, which is expected to attract significant attention from global investors and industry participants.
Diverse Discussion Topics: Each 45-minute webinar will cover the latest trends and developments in the global energy and shipping markets, providing attendees with opportunities for direct interaction with executives, thereby enhancing knowledge sharing and collaboration within the industry.
Free Registration Opportunity: Registration for the webinars is complimentary, allowing participants to select topics of interest, which is anticipated to foster deeper understanding of the shipping industry and attract more investor participation.
Broad Target Audience: The target audience includes senior executives from global shipping, energy, and commodity companies, investment bankers, and financial advisors, aiming to promote communication and collaboration within the industry through a diverse participant background.

Top Executives from Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, and LPG Shipping to Speak at Capital Link Webinar Series

Nov 24 2025Globenewswire

Webinar Series Announcement: Capital Link is hosting a Shipping Sectors Webinar Series from December 2 to December 16, 2025, featuring discussions with senior executives from various shipping sectors including Dry Bulk, Container, Crude Tanker, Product Tanker, LPG, and LNG.
Webinar Structure: Each 45-minute session will be moderated by research analysts and will include live Q&A opportunities for attendees to engage with company executives. The webinars will be archived for later access.
Registration Details: Registration for the webinars is complimentary, and participants can sign up for specific sessions. A confirmation email with access links will be sent upon registration.
Target Audience: The webinars are aimed at a diverse audience including executives from global shipping and energy companies, investors, financial advisors, and various industry participants such as ship managers, brokers, and maritime lawyers.