Tsakos Energy Navigation Ltd (NYSE:TNP) – Equities researchers at Jefferies Group increased their Q4 2017 EPS estimates for Tsakos Energy Navigation in a research report issued on Thursday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will earn $0.13 per share for the quarter, up from their previous forecast of $0.12. Jefferies Group has a “Buy” rating and a $6.00 price target on the stock.

A number of other equities analysts have also weighed in on TNP. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Wells Fargo & Company lowered shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 price target on the stock. in a report on Wednesday, August 2nd. Cowen and Company reduced their target price on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, September 15th. Morgan Stanley reduced their target price on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating on the stock in a report on Monday, September 18th. Finally, Maxim Group restated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $5.57.

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Tsakos Energy Navigation (NYSE TNP) opened at 4.79 on Monday. Tsakos Energy Navigation has a 1-year low of $3.92 and a 1-year high of $5.28. The firm’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.62. The firm has a market capitalization of $404.14 million, a PE ratio of 24.31 and a beta of 1.70.

Tsakos Energy Navigation (NYSE:TNP) last released its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Tsakos Energy Navigation had a return on equity of 2.39% and a net margin of 6.86%. The firm had revenue of $104.06 million for the quarter, compared to analyst estimates of $108.51 million.

Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings in shares of Tsakos Energy Navigation by 49.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after acquiring an additional 9,060 shares in the last quarter. KCG Holdings Inc. lifted its holdings in shares of Tsakos Energy Navigation by 74.6% during the 1st quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after acquiring an additional 13,473 shares in the last quarter. Creative Planning lifted its holdings in shares of Tsakos Energy Navigation by 59.1% during the 2nd quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock valued at $202,000 after acquiring an additional 15,660 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of Tsakos Energy Navigation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after acquiring an additional 156 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Tsakos Energy Navigation by 65.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after acquiring an additional 20,577 shares in the last quarter. Institutional investors and hedge funds own 25.95% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 9th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 4.18%. Tsakos Energy Navigation’s payout ratio is 95.24%.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd 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 57 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.

Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

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