Tsakos Energy Navigation Ltd (NYSE:TNP) – Analysts at Seaport Global Securities dropped their Q4 2018 EPS estimates for Tsakos Energy Navigation in a research report issued on Tuesday. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.23.

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Morgan Stanley decreased their price objective on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, September 18th. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Tuesday, September 12th. BidaskClub downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Maxim Group reiterated a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $5.75.

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Tsakos Energy Navigation (TNP) traded down $0.01 on Thursday, reaching $4.17. 117,500 shares of the company’s stock traded hands, compared to its average volume of 344,000. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Tsakos Energy Navigation has a 12 month low of $4.05 and a 12 month high of $5.28. The stock has a market capitalization of $351.83, a P/E ratio of 19.91, a P/E/G ratio of 2.38 and a beta of 1.61.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.20 annualized dividend and a yield of 4.80%. Tsakos Energy Navigation’s dividend payout ratio is currently 100.00%.

Several hedge funds have recently made changes to their positions in TNP. Ameriprise Financial Inc. boosted its stake in shares of Tsakos Energy Navigation by 49.8% in the first quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after purchasing an additional 9,060 shares during the period. Morgan Stanley boosted its stake in shares of Tsakos Energy Navigation by 124.0% in the first quarter. Morgan Stanley now owns 444,556 shares of the shipping company’s stock valued at $2,129,000 after purchasing an additional 246,081 shares during the period. KCG Holdings Inc. boosted its stake in shares of Tsakos Energy Navigation by 74.6% in the first quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 13,473 shares during the period. Creative Planning boosted its stake in shares of Tsakos Energy Navigation by 59.1% in the second quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock valued at $202,000 after purchasing an additional 15,660 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Tsakos Energy Navigation by 41.8% in the second quarter. Russell Investments Group Ltd. now owns 1,738,272 shares of the shipping company’s stock valued at $8,343,000 after purchasing an additional 512,292 shares during the period. Institutional investors and hedge funds own 27.83% of the company’s stock.

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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