Tsakos Energy Navigation Ltd. (NYSE:TNP) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.50.
A number of equities analysts have recently issued reports on TNP shares. Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Jefferies Group set a $7.00 price target on Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley restated an “overweight” rating and issued a $8.00 price target (down previously from $8.50) on shares of Tsakos Energy Navigation in a report on Wednesday, June 1st. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Tsakos Energy Navigation in a report on Wednesday, June 1st.
Tsakos Energy Navigation (NYSE:TNP) opened at 5.02 on Monday. Tsakos Energy Navigation has a 12 month low of $4.48 and a 12 month high of $9.63. The company’s 50-day moving average price is $5.00 and its 200-day moving average price is $5.57. The stock has a market cap of $429.26 million, a P/E ratio of 4.11 and a beta of 1.89.
Tsakos Energy Navigation (NYSE:TNP) last issued its earnings results on Friday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business earned $119.85 million during the quarter. Tsakos Energy Navigation had a return on equity of 8.60% and a net margin of 23.06%. The business’s quarterly revenue was down 22.1% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. Equities analysts forecast that Tsakos Energy Navigation will post $0.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, November 4th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Wednesday, November 2nd. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 26.02%.
Large investors have recently made changes to their positions in the stock. Wall Street Access Asset Management LLC boosted its stake in shares of Tsakos Energy Navigation by 4.4% in the second quarter. Wall Street Access Asset Management LLC now owns 23,500 shares of the company’s stock worth $110,000 after buying an additional 1,000 shares during the period. Creative Planning boosted its stake in shares of Tsakos Energy Navigation by 10.4% in the second quarter. Creative Planning now owns 26,500 shares of the company’s stock worth $124,000 after buying an additional 2,500 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Tsakos Energy Navigation by 1,471.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,063 shares of the company’s stock worth $167,000 after buying an additional 25,341 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Tsakos Energy Navigation during the second quarter worth approximately $151,000. Finally, Princeton Alpha Management LP boosted its stake in shares of Tsakos Energy Navigation by 87.3% in the second quarter. Princeton Alpha Management LP now owns 32,874 shares of the company’s stock worth $154,000 after buying an additional 15,320 shares during the period. Hedge funds and other institutional investors own 31.29% of the company’s stock.
Tsakos Energy Navigation Company Profile
Tsakos Energy Navigation Limited 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 50 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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