Research Analysts Offer Predictions for Tsakos Energy Navigation Ltd.’s FY2017 Earnings (TNP)

Tsakos Energy Navigation Ltd. (NYSE:TNP) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Tsakos Energy Navigation in a research report issued to clients and investors on Monday. Jefferies Group analyst R. Giveans expects that the shipping company will earn $0.13 per share for the year. Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for Tsakos Energy Navigation’s Q4 2017 earnings at $0.13 EPS and FY2018 earnings at $0.98 EPS.

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

TNP has been the topic of a number of other reports. Stifel Nicolaus set a $7.00 price target on Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Sunday, October 29th. Maxim Group reissued a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, September 18th. BidaskClub raised Tsakos Energy Navigation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research lowered Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, ValuEngine lowered Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.50.

Shares of Tsakos Energy Navigation (NYSE TNP) opened at $3.96 on Wednesday. Tsakos Energy Navigation has a 12 month low of $3.82 and a 12 month high of $5.27. The company has a market capitalization of $332.76, a PE ratio of 35.64, a PEG ratio of 9.05 and a beta of 1.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03.

Several institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its stake in shares of Tsakos Energy Navigation by 7.5% in the third quarter. Allianz Asset Management GmbH now owns 312,596 shares of the shipping company’s stock worth $1,403,000 after acquiring an additional 21,759 shares during the period. Kopernik Global Investors LLC lifted its stake in shares of Tsakos Energy Navigation by 20.5% in the third quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock worth $21,404,000 after acquiring an additional 811,357 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Tsakos Energy Navigation by 218.3% in the third quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock worth $1,473,000 after acquiring an additional 221,587 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Tsakos Energy Navigation by 37.6% in the third quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock worth $10,739,000 after acquiring an additional 653,517 shares during the period. Finally, WFG Advisors LP lifted its stake in shares of Tsakos Energy Navigation by 0.3% in the second quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after acquiring an additional 156 shares during the period. 25.96% of the stock is currently owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Wednesday, December 20th. Tsakos Energy Navigation’s dividend payout ratio is currently 181.82%.

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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.

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

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