News stories about Tsakos Energy Navigation (NYSE:TNP) have been trending somewhat negative recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tsakos Energy Navigation earned a coverage optimism score of -0.03 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 48.0405193241971 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on the stock. Maxim Group set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Thursday, November 30th. BidaskClub downgraded shares of Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Cowen dropped their price target on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, September 15th. Jefferies Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, October 16th. Finally, Morgan Stanley lowered their price objective on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating on the stock in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Tsakos Energy Navigation has an average rating of “Buy” and an average target price of $5.50.
Shares of Tsakos Energy Navigation (TNP) opened at $3.94 on Friday. The stock has a market cap of $329.36, a P/E ratio of 35.27, a PEG ratio of 6.06 and a beta of 1.51. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Tsakos Energy Navigation has a 1 year low of $3.82 and a 1 year high of $5.28.
Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The firm had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. Tsakos Energy Navigation had a return on equity of 2.02% and a net margin of 5.64%. sell-side analysts expect that Tsakos Energy Navigation will post 0.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.08%. Tsakos Energy Navigation’s payout ratio is 181.82%.
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Tsakos Energy Navigation Company Profile
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.
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