Tsakos Energy Navigation Upgraded to Overweight at Morgan Stanley (TNP)
Several other analysts have also recently commented on the stock. 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. 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $10.75.
Tsakos Energy Navigation (NYSE:TNP) opened at 7.13 on Wednesday. Tsakos Energy Navigation has a one year low of $4.52 and a one year high of $8.48. The stock has a 50-day moving average of $6.87 and a 200-day moving average of $7.06. The company’s market cap is $571.4 million.
Tsakos Energy Navigation (NYSE:TNP) last released its 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. Analysts expect that Tsakos Energy Navigation will post $0.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 25th. Investors of record on Friday, November 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, November 19th.
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services.
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