TSAKOS ENERGY N/SH (NYSE:TNP) – Analysts at Seaport Global Securities increased their FY2018 EPS estimates for TSAKOS ENERGY N/SH in a research note issued to investors on Sunday, December 2nd. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will post earnings of ($0.58) per share for the year, up from their prior forecast of ($0.68). Seaport Global Securities also issued estimates for TSAKOS ENERGY N/SH’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.13) EPS, Q4 2019 earnings at $0.23 EPS and FY2019 earnings at $0.08 EPS.
A number of other research analysts have also commented on the company. Wells Fargo & Co cut their target price on TSAKOS ENERGY N/SH from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, September 10th. Zacks Investment Research upgraded TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Maxim Group restated a “buy” rating and issued a $4.50 target price on shares of TSAKOS ENERGY N/SH in a research note on Monday, November 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $4.93.
Shares of NYSE TNP opened at $3.36 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.94. The firm has a market capitalization of $286.07 million, a P/E ratio of 14.00 and a beta of 1.00. TSAKOS ENERGY N/SH has a one year low of $3.00 and a one year high of $4.43.
TSAKOS ENERGY N/SH (NYSE:TNP) last issued its earnings results on Friday, November 30th. The shipping company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.09). The firm had revenue of $92.60 million during the quarter, compared to analyst estimates of $99.89 million. TSAKOS ENERGY N/SH had a negative net margin of 9.04% and a negative return on equity of 2.18%.
A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in TSAKOS ENERGY N/SH by 2.9% during the third quarter. Renaissance Technologies LLC now owns 2,217,100 shares of the shipping company’s stock worth $7,516,000 after acquiring an additional 62,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in TSAKOS ENERGY N/SH during the third quarter worth $4,025,000. WealthTrust Axiom LLC raised its stake in TSAKOS ENERGY N/SH by 20.8% during the third quarter. WealthTrust Axiom LLC now owns 399,150 shares of the shipping company’s stock worth $1,353,000 after acquiring an additional 68,650 shares in the last quarter. Finally, FMR LLC raised its stake in TSAKOS ENERGY N/SH by 11.1% during the second quarter. FMR LLC now owns 500,307 shares of the shipping company’s stock worth $1,861,000 after acquiring an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 23.21% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.20 annualized dividend and a yield of 5.95%. TSAKOS ENERGY N/SH’s dividend payout ratio is currently 83.33%.
TSAKOS ENERGY N/SH Company Profile
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
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