Tsakos Energy Navigation Ltd. (NYSE:TNP) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.50.
Several equities research analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a report on Monday, October 16th. Cowen cut their price target on Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, September 15th. Stifel Nicolaus set a $7.00 price target on Tsakos Energy Navigation and gave the company a “buy” rating in a report on Sunday, October 29th. BidaskClub raised Tsakos Energy Navigation from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Maxim Group reissued a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a report on Monday, September 18th.
Several institutional investors and hedge funds have recently bought and sold shares of TNP. Ameriprise Financial Inc. lifted its holdings in shares of Tsakos Energy Navigation by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after buying an additional 2,104 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of Tsakos Energy Navigation by 0.3% during the second quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after buying an additional 156 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of Tsakos Energy Navigation by 65.2% during the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after buying an additional 20,577 shares in the last quarter. State Street Corp lifted its holdings in shares of Tsakos Energy Navigation by 15.7% during the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock worth $538,000 after buying an additional 15,231 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Tsakos Energy Navigation by 1.2% during the second quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock worth $1,030,000 after buying an additional 2,500 shares in the last quarter. 26.08% of the stock is owned by institutional investors.
Shares of Tsakos Energy Navigation (NYSE:TNP) traded up $0.03 during trading on Monday, reaching $3.91. The company’s stock had a trading volume of 332,620 shares, compared to its average volume of 431,679. Tsakos Energy Navigation has a fifty-two week low of $3.82 and a fifty-two week high of $5.27. The firm has a market cap of $329.36, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 8.95 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.
Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. The business had revenue of $96.92 million for the quarter, compared to analyst estimates of $101.62 million. sell-side analysts expect that Tsakos Energy Navigation will post 0.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Wednesday, December 20th. Tsakos Energy Navigation’s dividend payout ratio is currently 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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