Tsakos Energy Navigation Ltd. Expected to Earn FY2017 Earnings of $0.13 Per Share (TNP)

Tsakos Energy Navigation Ltd. (NYSE:TNP) – Stock analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for shares of Tsakos Energy Navigation in a report issued on Thursday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will earn $0.13 per share for the year, down from their prior forecast of $0.20. Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock.

Tsakos Energy Navigation (NYSE:TNP) last released its earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a return on equity of 2.02% and a net margin of 5.64%. The company had revenue of $96.92 million during the quarter, compared to analyst estimates of $101.62 million.

TNP has been the topic 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 on the stock 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 stock a “buy” rating in a research report on Thursday. BidaskClub cut shares of Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Morgan Stanley reduced their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Finally, Stifel Nicolaus set a $7.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $5.50.

Shares of Tsakos Energy Navigation (NYSE TNP) opened at $4.26 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. Tsakos Energy Navigation has a 12-month low of $3.82 and a 12-month high of $5.28. The stock has a market cap of $361.62, a P/E ratio of 38.73, a P/E/G ratio of 3.04 and a beta of 1.52.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 4.69%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 181.82%.

A number of hedge funds have recently made changes to their positions in TNP. Ameriprise Financial Inc. lifted its position in Tsakos Energy Navigation by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock valued at $141,000 after buying an additional 2,104 shares in the last quarter. KCG Holdings Inc. lifted its position in Tsakos Energy Navigation by 74.6% during the first quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after buying an additional 13,473 shares in the last quarter. Creative Planning lifted its position in Tsakos Energy Navigation by 59.1% during the second quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock valued at $202,000 after buying an additional 15,660 shares in the last quarter. WFG Advisors LP lifted its position in Tsakos Energy Navigation by 0.3% during the second quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after buying an additional 156 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in Tsakos Energy Navigation by 65.2% during the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after buying an additional 20,577 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Tsakos Energy Navigation Ltd. Expected to Earn FY2017 Earnings of $0.13 Per Share (TNP)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/04/tsakos-energy-navigation-ltd-expected-to-earn-fy2017-earnings-of-0-13-per-share-tnp.html.

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.

Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

What are top analysts saying about Tsakos Energy Navigation Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tsakos Energy Navigation Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit