TSAKOS ENERGY N/SH (TNP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TSAKOS ENERGY N/SH (NYSE:TNP) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.83.

A number of equities analysts recently commented on TNP shares. Seaport Global Securities reaffirmed a “buy” rating on shares of TSAKOS ENERGY N/SH in a research note on Friday, March 29th. Zacks Investment Research raised shares of TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 23rd.

NYSE:TNP traded down $0.03 during trading hours on Monday, reaching $3.34. 2,115 shares of the company’s stock were exchanged, compared to its average volume of 79,015. TSAKOS ENERGY N/SH has a 12 month low of $2.56 and a 12 month high of $3.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.25. The stock has a market capitalization of $291.74 million, a price-to-earnings ratio of -4.35 and a beta of 1.42.

TSAKOS ENERGY N/SH (NYSE:TNP) last posted its quarterly earnings data on Friday, March 29th. The shipping company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). TSAKOS ENERGY N/SH had a negative return on equity of 2.17% and a negative net margin of 18.72%. The firm had revenue of $118.97 million during the quarter, compared to analyst estimates of $121.61 million. On average, sell-side analysts expect that TSAKOS ENERGY N/SH will post -0.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 24th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 5.99%. TSAKOS ENERGY N/SH’s payout ratio is -12.99%.

Hedge funds have recently added to or reduced their stakes in the business. Camarda Financial Advisors LLC lifted its position in TSAKOS ENERGY N/SH by 2,961.6% in the 4th quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock worth $1,604,000 after buying an additional 583,429 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of TSAKOS ENERGY N/SH by 95.1% during the 4th quarter. Virtu Financial LLC now owns 39,525 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 19,263 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of TSAKOS ENERGY N/SH by 6.3% during the 4th quarter. WealthTrust Axiom LLC now owns 424,150 shares of the shipping company’s stock valued at $1,128,000 after purchasing an additional 25,000 shares in the last quarter. Wealthsource Partners LLC raised its holdings in shares of TSAKOS ENERGY N/SH by 36.7% during the 4th quarter. Wealthsource Partners LLC now owns 15,234 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 4,092 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of TSAKOS ENERGY N/SH by 1.9% during the 4th quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock valued at $1,239,000 after purchasing an additional 8,798 shares in the last quarter. Institutional investors own 22.43% of the company’s stock.

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.

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Analyst Recommendations for TSAKOS ENERGY N/SH (NYSE:TNP)

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