Tsakos Energy Navigation Ltd. (TNP) Announces Quarterly Dividend of $0.05
Tsakos Energy Navigation (NYSE:TNP) declared a quarterly dividend on Monday, August 4th, Stock Ratings Network.com reports. Investors of record on Friday, November 21st will be given a dividend of 0.05 per share on Tuesday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 2.90%.
A number of research firms have recently commented on TNP. Analysts at Jefferies Group cut their price target on shares of Tsakos Energy Navigation from $11.00 to $10.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Tsakos Energy Navigation in a research note on Tuesday, July 8th. They set a “buy” rating and a $9.50 price target on the stock. Finally, analysts at EuroPacific Canada raised their price target on shares of Tsakos Energy Navigation from $11.00 to $11.50 in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $9.78.
Shares of Tsakos Energy Navigation (NYSE:TNP) traded down 9.28% on Monday, hitting $6.26. 548,919 shares of the company’s stock traded hands. Tsakos Energy Navigation has a one year low of $4.52 and a one year high of $8.48. The stock’s 50-day moving average is $7.01 and its 200-day moving average is $7.13. The company’s market cap is $451.0 million.
Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.02) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.02). The company had revenue of $112.40 million for the quarter, compared to the consensus estimate of $75.10 million. During the same quarter last year, the company posted ($0.04) earnings per share. Tsakos Energy Navigation’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Tsakos Energy Navigation will post $0.36 earnings per share for the current fiscal year.
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services.
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