Tsakos Energy Navigation Ltd. (NYSE:TNP) – Stock analysts at Seaport Global Securities decreased their FY2017 EPS estimates for Tsakos Energy Navigation in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will earn ($0.01) per share for the year, down from their previous forecast of $0.02. Seaport Global Securities also issued estimates for Tsakos Energy Navigation’s Q4 2018 earnings at $0.14 EPS, Q3 2019 earnings at $0.23 EPS and FY2019 earnings at $0.90 EPS.

Tsakos Energy Navigation (NYSE:TNP) last posted its earnings results on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). The business 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%.

TNP has been the subject of several other reports. Cowen decreased their target price on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, September 15th. Maxim Group set a $6.00 target price on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Jefferies Group reiterated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a research note on Tuesday, September 12th. Finally, Morgan Stanley cut their target price on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.50.

Shares of Tsakos Energy Navigation (NYSE:TNP) opened at $3.98 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. The company has a market cap of $337.85, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 0.80 and a beta of 1.52. Tsakos Energy Navigation has a 1 year low of $3.82 and a 1 year high of $5.27.

Several hedge funds have recently made changes to their positions in TNP. Kopernik Global Investors LLC raised its stake in shares of Tsakos Energy Navigation by 20.5% in the 3rd quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock valued at $21,404,000 after buying an additional 811,357 shares in the last quarter. Northern Trust Corp raised its stake in shares of Tsakos Energy Navigation by 795.2% in the 2nd quarter. Northern Trust Corp now owns 818,197 shares of the shipping company’s stock valued at $3,928,000 after buying an additional 726,800 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Tsakos Energy Navigation by 37.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock valued at $10,739,000 after buying an additional 653,517 shares in the last quarter. Afam Capital Inc. raised its stake in shares of Tsakos Energy Navigation by 69.8% in the 2nd quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock valued at $2,592,000 after buying an additional 221,995 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Tsakos Energy Navigation by 218.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock valued at $1,473,000 after buying an additional 221,587 shares in the last quarter. Institutional investors own 25.96% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Wednesday, December 20th. Tsakos Energy Navigation’s dividend payout ratio is 181.82%.

WARNING: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2018/01/08/seaport-global-securities-comments-on-tsakos-energy-navigation-ltd-s-fy2017-earnings-tnp.html.

About Tsakos Energy Navigation

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.

Receive News & Stock Ratings for Tsakos Energy Navigation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation and related stocks with our FREE daily email newsletter.