Tsakos Energy Navigation Ltd. (TNP) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) have been given an average rating of “Buy” by the six research firms that are covering the company. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.50.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Morgan Stanley set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Monday, September 12th.
TRADEMARK VIOLATION NOTICE: “Tsakos Energy Navigation Ltd. (TNP) Receives Consensus Recommendation of “Buy” from Brokerages” was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/tsakos-energy-navigation-ltd-tnp-receives-consensus-recommendation-of-buy-from-brokerages.html.
Tsakos Energy Navigation (NYSE:TNP) traded up 1.83% during trading on Tuesday, hitting $4.45. 318,026 shares of the stock traded hands. Tsakos Energy Navigation has a 52-week low of $3.92 and a 52-week high of $8.12. The stock has a market cap of $374.49 million, a P/E ratio of 3.64 and a beta of 2.13. The stock has a 50 day moving average price of $4.64 and a 200-day moving average price of $5.08.
Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm earned $119.85 million during the quarter. Tsakos Energy Navigation had a net margin of 23.06% and a return on equity of 8.59%. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that Tsakos Energy Navigation will post $0.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Friday, November 4th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend was Wednesday, November 2nd. Tsakos Energy Navigation’s dividend payout ratio is presently 26.02%.
Several large investors have recently modified their holdings of the company. Oxford Asset Management boosted its stake in shares of Tsakos Energy Navigation by 34.8% in the second quarter. Oxford Asset Management now owns 303,897 shares of the company’s stock worth $1,425,000 after buying an additional 78,440 shares during the last quarter. LSV Asset Management boosted its stake in shares of Tsakos Energy Navigation by 123.5% in the second quarter. LSV Asset Management now owns 2,010,674 shares of the company’s stock worth $9,430,000 after buying an additional 1,110,999 shares during the last quarter. 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 last quarter. GSA Capital Partners LLP boosted its stake in shares of Tsakos Energy Navigation by 49.5% in the second quarter. GSA Capital Partners LLP now owns 380,847 shares of the company’s stock worth $1,786,000 after buying an additional 126,115 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Tsakos Energy Navigation during the second quarter worth approximately $4,668,000. 26.00% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Tsakos Energy Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation Ltd. and related stocks with our FREE daily email newsletter.