Financial Analysis: TSAKOS ENERGY N/SH (TNP) & Seanergy Maritime (SHIP)

Seanergy Maritime (NASDAQ:SHIP) and TSAKOS ENERGY N/SH (NYSE:TNP) are both small-cap transportation companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, profitability, institutional ownership, earnings, risk and analyst recommendations.

Valuation and Earnings

This table compares Seanergy Maritime and TSAKOS ENERGY N/SH’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Seanergy Maritime $74.83 million 0.34 -$3.23 million N/A N/A
TSAKOS ENERGY N/SH $529.18 million 0.54 $7.61 million $0.24 14.00

TSAKOS ENERGY N/SH has higher revenue and earnings than Seanergy Maritime.

Dividends

TSAKOS ENERGY N/SH pays an annual dividend of $0.20 per share and has a dividend yield of 6.0%. Seanergy Maritime does not pay a dividend. TSAKOS ENERGY N/SH pays out 83.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Profitability

This table compares Seanergy Maritime and TSAKOS ENERGY N/SH’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Seanergy Maritime -20.25% -31.11% -4.06%
TSAKOS ENERGY N/SH -9.04% -2.18% -0.98%

Analyst Ratings

This is a summary of recent recommendations and price targets for Seanergy Maritime and TSAKOS ENERGY N/SH, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Seanergy Maritime 0 0 1 0 3.00
TSAKOS ENERGY N/SH 0 0 7 0 3.00

Seanergy Maritime currently has a consensus target price of $2.50, suggesting a potential upside of 278.85%. TSAKOS ENERGY N/SH has a consensus target price of $4.93, suggesting a potential upside of 46.68%. Given Seanergy Maritime’s higher possible upside, equities research analysts clearly believe Seanergy Maritime is more favorable than TSAKOS ENERGY N/SH.

Institutional and Insider Ownership

0.1% of Seanergy Maritime shares are owned by institutional investors. Comparatively, 23.2% of TSAKOS ENERGY N/SH shares are owned by institutional investors. 1.0% of TSAKOS ENERGY N/SH shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Volatility and Risk

Seanergy Maritime has a beta of 0.64, suggesting that its stock price is 36% less volatile than the S&P 500. Comparatively, TSAKOS ENERGY N/SH has a beta of 1, suggesting that its stock price has a similar volatility profile to the S&P 500.

Summary

TSAKOS ENERGY N/SH beats Seanergy Maritime on 11 of the 13 factors compared between the two stocks.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of March 9, 2018, it owned a fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tons and an average fleet age of 8.9 years. The company was formerly known as Seanergy Maritime Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was founded in 2008 and is headquartered in Athens, Greece.

TSAKOS ENERGY N/SH Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.

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