Head-To-Head Survey: Golden Ocean Group Limited (GOGL) vs. Tsakos Energy Navigation (TNP)
Golden Ocean Group Limited (NASDAQ: GOGL) and Tsakos Energy Navigation (NYSE:TNP) are both small-cap transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, valuation, analyst recommendations, earnings, institutional ownership and profitabiliy.
Earnings and Valuation
This table compares Golden Ocean Group Limited and Tsakos Energy Navigation’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Golden Ocean Group Limited||$294.62 million||3.39||$49.02 million||($0.73)||-10.96|
|Tsakos Energy Navigation||$497.94 million||0.81||$195.68 million||$0.39||12.31|
Tsakos Energy Navigation has higher revenue and earnings than Golden Ocean Group Limited. Golden Ocean Group Limited is trading at a lower price-to-earnings ratio than Tsakos Energy Navigation, indicating that it is currently the more affordable of the two stocks.
This is a summary of current ratings and recommmendations for Golden Ocean Group Limited and Tsakos Energy Navigation, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Golden Ocean Group Limited||0||1||6||0||2.86|
|Tsakos Energy Navigation||0||2||5||0||2.71|
Golden Ocean Group Limited presently has a consensus price target of $9.75, suggesting a potential upside of 21.88%. Tsakos Energy Navigation has a consensus price target of $5.75, suggesting a potential upside of 19.79%. Given Golden Ocean Group Limited’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Golden Ocean Group Limited is more favorable than Tsakos Energy Navigation.
Tsakos Energy Navigation pays an annual dividend of $0.20 per share and has a dividend yield of 4.2%. Golden Ocean Group Limited does not pay a dividend. Tsakos Energy Navigation pays out 51.3% of its earnings in the form of a dividend.
Risk and Volatility
Golden Ocean Group Limited has a beta of 2.36, suggesting that its share price is 136% more volatile than the S&P 500. Comparatively, Tsakos Energy Navigation has a beta of 1.69, suggesting that its share price is 69% more volatile than the S&P 500.
This table compares Golden Ocean Group Limited and Tsakos Energy Navigation’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Golden Ocean Group Limited||-26.08%||-5.71%||-2.98%|
|Tsakos Energy Navigation||9.61%||3.40%||1.51%|
Insider and Institutional Ownership
12.2% of Golden Ocean Group Limited shares are owned by institutional investors. Comparatively, 28.3% of Tsakos Energy Navigation shares are owned by institutional investors. 1.0% of Tsakos Energy Navigation shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Tsakos Energy Navigation beats Golden Ocean Group Limited on 9 of the 15 factors compared between the two stocks.
About Golden Ocean Group Limited
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.
About Tsakos Energy Navigation
Tsakos Energy Navigation Limited 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 50 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. Its fleet also includes a liquefied natural gas (LNG) carrier and over two shuttle suezmax tankers with dynamic positioning technology (DP2). This fleet diversity includes a range of sister ships. The operating fleet totals over 5.2 million deadweight tonnage (dwt), all of which is double-hulled. Its diversified fleet, which includes VLCC, suezmax, aframax, panamax, handysize, handymax tankers, LNG carrier and DP2 shuttle tankers, allows it to serve its customers’ international petroleum product and crude oil transportation needs.
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