Reviewing Tsakos Energy Navigation (TNP) and Hornbeck Offshore Services (HOS)
Tsakos Energy Navigation (NYSE: TNP) and Hornbeck Offshore Services (NYSE:HOS) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their risk, analyst recommendations, institutional ownership, earnings, valuation, dividends and profitability.
Insider & Institutional Ownership
28.3% of Tsakos Energy Navigation shares are owned by institutional investors. Comparatively, 97.5% of Hornbeck Offshore Services shares are owned by institutional investors. 1.0% of Tsakos Energy Navigation shares are owned by insiders. Comparatively, 7.1% of Hornbeck Offshore Services shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Tsakos Energy Navigation pays an annual dividend of $0.20 per share and has a dividend yield of 4.3%. Hornbeck Offshore Services does not pay a dividend. Tsakos Energy Navigation pays out 51.3% of its earnings in the form of a dividend.
Risk & Volatility
Tsakos Energy Navigation has a beta of 1.69, suggesting that its share price is 69% more volatile than the S&P 500. Comparatively, Hornbeck Offshore Services has a beta of 1.21, suggesting that its share price is 21% more volatile than the S&P 500.
This table compares Tsakos Energy Navigation and Hornbeck Offshore Services’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Tsakos Energy Navigation||9.61%||3.40%||1.51%|
|Hornbeck Offshore Services||-47.42%||-6.72%||-3.29%|
This is a breakdown of recent ratings and target prices for Tsakos Energy Navigation and Hornbeck Offshore Services, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Tsakos Energy Navigation||0||2||5||0||2.71|
|Hornbeck Offshore Services||0||4||0||0||2.00|
Tsakos Energy Navigation presently has a consensus target price of $5.75, indicating a potential upside of 24.19%. Hornbeck Offshore Services has a consensus target price of $4.75, indicating a potential upside of 93.88%. Given Hornbeck Offshore Services’ higher probable upside, analysts plainly believe Hornbeck Offshore Services is more favorable than Tsakos Energy Navigation.
Earnings & Valuation
This table compares Tsakos Energy Navigation and Hornbeck Offshore Services’ gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Tsakos Energy Navigation||$497.94 million||0.78||$195.68 million||$0.39||11.87|
|Hornbeck Offshore Services||$175.31 million||0.52||$13.59 million||($2.27)||-1.08|
Tsakos Energy Navigation has higher revenue and earnings than Hornbeck Offshore Services. Hornbeck Offshore Services 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.
Tsakos Energy Navigation beats Hornbeck Offshore Services on 11 of the 15 factors compared between the two stocks.
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.
About Hornbeck Offshore Services
Hornbeck Offshore Services Inc. provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, Latin America and selected international markets. Its OSVs and MPSVs support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. It provides vessel management services for other vessel owners, such as crewing, daily operational management and maintenance activities.
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