Kraton (KRA) Is At $52.25 Formed Wedge; Last Week Teekay Tankers Ltd. (TNK) Coverage

Teekay Tankers Ltd. (NYSE:TNK) Logo

Kraton Corporation (KRA) formed wedge down with $48.07 target or 8.00% below today’s $52.25 share price. Kraton Corporation (KRA) has $1.66B valuation. The stock decreased 1.06% or $0.56 during the last trading session, reaching $52.25. About 56,196 shares traded. Kraton Corporation (NYSE:KRA) has risen 66.15% since April 19, 2017 and is uptrending. It has outperformed by 54.60% the S&P500.

Among 10 analysts covering Teekay Tankers (NYSE:TNK), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Teekay Tankers had 18 analyst reports since September 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, November 6 by Deutsche Bank. Morgan Stanley maintained it with “Equal-Weight” rating and $1.3 target in Monday, February 12 report. JP Morgan upgraded it to “Neutral” rating and $5 target in Thursday, April 7 report. Seaport Global initiated the stock with “Buy” rating in Wednesday, May 4 report. Bank of America downgraded the shares of TNK in report on Friday, May 20 to “Underperform” rating. UBS downgraded it to “Neutral” rating and $3 target in Tuesday, July 26 report. The firm has “Underweight” rating by JP Morgan given on Tuesday, January 12. The stock of Teekay Tankers Ltd. (NYSE:TNK) has “Underperform” rating given on Friday, November 10 by Bank of America. The firm earned “Hold” rating on Monday, February 26 by UBS. The stock has “Buy” rating by Seaport Global on Thursday, January 4. See Teekay Tankers Ltd. (NYSE:TNK) latest ratings:

26/02/2018 Broker: UBS Rating: Hold New Target: $1.3 Upgrade
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2 New Target: $1.3 Maintain
04/01/2018 Broker: Seaport Global Rating: Buy New Target: $2.5 Maintain
10/11/2017 Broker: Bank of America Rating: Underperform Old Target: $1.6 New Target: $1.3 Maintain

Investors sentiment increased to 1.56 in Q4 2017. Its up 0.60, from 0.96 in 2017Q3. It improved, as 17 investors sold Teekay Tankers Ltd. shares while 22 reduced holdings. 29 funds opened positions while 32 raised stakes. 84.25 million shares or 66.87% more from 50.49 million shares in 2017Q3 were reported. National Bank & Trust Of America De reported 716,609 shares stake. Denali Advsrs Limited Liability Corp holds 1,540 shares or 0% of its portfolio. Two Sigma Ltd stated it has 34,160 shares. Renaissance Tech Limited Liability accumulated 1.14 million shares. Cna owns 418,650 shares. D E Shaw Inc accumulated 51,361 shares. 17.49 million were accumulated by Bluemountain Cap Mgmt Ltd Llc. Geode Mngmt Limited Liability Com has 0% invested in Teekay Tankers Ltd. (NYSE:TNK) for 500,679 shares. Wells Fargo And Communications Mn holds 243,386 shares or 0% of its portfolio. Systematic Mgmt Limited Partnership holds 0.02% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK) for 722,615 shares. Amalgamated Bancorporation holds 27,276 shares. Winfield Assocs Inc reported 400 shares stake. Prudential Inc owns 11,313 shares for 0% of their portfolio. Fny Managed Accounts holds 0% or 1 shares. Voya Mgmt Limited Liability Corp owns 63,186 shares.

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 $315.14 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.

The stock 0.43% or $0 during the last trading session, reaching $1.17. It is down 39.70% since April 19, 2017 and is downtrending. It has underperformed by 51.25% the S&P500.

Investors sentiment increased to 1.27 in 2017 Q4. Its up 0.02, from 1.25 in 2017Q3. It increased, as 10 investors sold Kraton Corporation shares while 69 reduced holdings. 54 funds opened positions while 46 raised stakes. 28.49 million shares or 1.40% less from 28.89 million shares in 2017Q3 were reported. Great West Life Assurance Can reported 56,652 shares. 55,155 were accumulated by James Inv Inc. Manufacturers Life The has invested 0% of its portfolio in Kraton Corporation (NYSE:KRA). 171,823 are held by Arrowstreet Cap Partnership. Tiaa Cref Investment Management Ltd Liability accumulated 112,254 shares. Ironwood Inv Ltd Liability invested 1.38% of its portfolio in Kraton Corporation (NYSE:KRA). Amp Cap Invsts Limited, Australia-based fund reported 4,200 shares. Ameritas Inv Ptnrs reported 0.01% in Kraton Corporation (NYSE:KRA). Texas Permanent School Fund has 0.01% invested in Kraton Corporation (NYSE:KRA) for 21,155 shares. 13,982 were accumulated by Price T Rowe Assoc Md. Ahl Prns Llp owns 0.01% invested in Kraton Corporation (NYSE:KRA) for 7,432 shares. Boston Advsrs Limited Liability Company holds 0.02% or 18,240 shares in its portfolio. Moreover, Monarch Asset Mngmt Llc has 0.03% invested in Kraton Corporation (NYSE:KRA) for 7,350 shares. Fdx Advsr holds 5,027 shares or 0.01% of its portfolio. Prelude Cap Management Llc invested 0% in Kraton Corporation (NYSE:KRA).

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on April, 25 after the close. They expect $0.62 earnings per share, up 513.33% or $0.77 from last year’s $-0.15 per share. KRA’s profit will be $19.65 million for 21.07 P/E if the $0.62 EPS becomes a reality. After $0.67 actual earnings per share reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -7.46% negative EPS growth.

Kraton Corporation (NYSE:KRA) Institutional Positions Chart