News stories about Tsakos Energy Navigation (NYSE:TNP) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tsakos Energy Navigation earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 45.9729332188938 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Tailored Brands, Inc. (TLRD) noted a price change of 0.50% and Tsakos Energy Navigation Limited (TNP) closes with a … – Stocks Gallery (stocksgallery.com)
- Tsakos Energy Navigation Ltd. breached its 50 day moving average in a Bearish Manner : TNP-US : October 27, 2017 (finance.yahoo.com)
- Keep Your Active Eyes on Tsakos Energy Navigation Limited (TNP) with Unusual Volume Alert – Wall Street Morning (wallstreetmorning.com)
- Limelight on Two Stocks’ Ownership: Tsakos Energy Navigation Limited (NYSE:TNP) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technical Eye on Tsakos Energy Navigation Limited (NYSE:TNP) – The Oracle Examiner (oracleexaminer.com)
Tsakos Energy Navigation (TNP) traded down 1.32% on Monday, hitting $4.48. The stock had a trading volume of 221,695 shares. The stock has a market capitalization of $377.98 million, a price-to-earnings ratio of 22.74 and a beta of 1.70. The company has a 50-day moving average price of $4.56 and a 200-day moving average price of $4.61. Tsakos Energy Navigation has a 52 week low of $3.92 and a 52 week high of $5.28.
Tsakos Energy Navigation (NYSE:TNP) last issued its earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Tsakos Energy Navigation had a net margin of 6.86% and a return on equity of 2.39%. The firm had revenue of $104.06 million during the quarter, compared to the consensus estimate of $108.51 million. Equities research analysts anticipate that Tsakos Energy Navigation will post $0.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 9th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, November 8th. Tsakos Energy Navigation’s payout ratio is 95.24%.
A number of equities research analysts recently commented on the company. Cowen and Company dropped their price objective 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. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a report on Tuesday, September 12th. BidaskClub cut Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Wells Fargo & Company cut Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a research note on Wednesday, August 2nd. Finally, Morgan Stanley decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.75.
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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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