Tsakos Energy Navigation Ltd. (NYSE:TNP) – Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for Tsakos Energy Navigation in a note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings of ($0.01) per share for the year, down from their prior forecast of $0.02. Seaport Global Securities also issued estimates for Tsakos Energy Navigation’s Q4 2018 earnings at $0.14 EPS, Q3 2019 earnings at $0.23 EPS and FY2019 earnings at $0.90 EPS.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Jefferies Group assumed coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company. ValuEngine downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Maxim Group set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.50.

Tsakos Energy Navigation (NYSE:TNP) opened at $3.98 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. Tsakos Energy Navigation has a 12 month low of $3.82 and a 12 month high of $5.27. The stock has a market cap of $337.85, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 0.80 and a beta of 1.52.

Tsakos Energy Navigation (NYSE:TNP) last posted its earnings results on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $96.92 million during the quarter, compared to analysts’ expectations of $101.62 million. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.20 annualized dividend and a dividend yield of 5.03%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 181.82%.

Several institutional investors and hedge funds have recently made changes to their positions in TNP. Wells Fargo & Company MN boosted its stake in shares of Tsakos Energy Navigation by 2.5% during the second quarter. Wells Fargo & Company MN now owns 716,895 shares of the shipping company’s stock worth $3,441,000 after buying an additional 17,648 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Tsakos Energy Navigation by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after buying an additional 2,104 shares during the period. Northern Trust Corp boosted its stake in shares of Tsakos Energy Navigation by 795.2% during the second quarter. Northern Trust Corp now owns 818,197 shares of the shipping company’s stock worth $3,928,000 after buying an additional 726,800 shares during the period. California Public Employees Retirement System boosted its stake in shares of Tsakos Energy Navigation by 2.2% during the second quarter. California Public Employees Retirement System now owns 692,200 shares of the shipping company’s stock worth $3,323,000 after buying an additional 15,000 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Tsakos Energy Navigation by 65.2% during the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after buying an additional 20,577 shares during the period. Institutional investors and hedge funds own 25.96% of the company’s stock.

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About Tsakos Energy Navigation

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.

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