News articles about Tsakos Energy Navigation (NYSE:TNP) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tsakos Energy Navigation earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.9568738092876 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have recently weighed in on the stock. Jefferies Group assumed coverage on shares of Tsakos Energy Navigation in a report on Monday, December 18th. They issued a “buy” rating and a $6.00 price target for the company. ValuEngine cut shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Maxim Group set a $6.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a report on Thursday, November 30th. Stifel Nicolaus set a $7.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, Zacks Investment Research cut shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.50.
Tsakos Energy Navigation (NYSE TNP) opened at $3.99 on Thursday. The firm has a market cap of $338.70, a P/E ratio of 36.27, a PEG ratio of 0.99 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. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, December 21st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.01%. The ex-dividend date was Wednesday, December 20th. Tsakos Energy Navigation’s payout ratio is 181.82%.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tsakos Energy Navigation (TNP) Share Price” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2018/01/18/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-tsakos-energy-navigation-tnp-share-price.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 & 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 companies with MarketBeat.com's FREE daily email newsletter.