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.
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.
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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