Brokerages forecast that Tsakos Energy Navigation Ltd. (NYSE:TNP) will report $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Tsakos Energy Navigation’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at ($0.07). Tsakos Energy Navigation reported earnings per share of $0.10 during the same quarter last year, which would indicate a negative year-over-year growth rate of 80%. The company is expected to issue its next quarterly earnings report on Friday, March 16th.

According to Zacks, analysts expect that Tsakos Energy Navigation will report full-year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.06) to $0.13. For the next year, analysts anticipate that the business will report earnings of $0.40 per share, with EPS estimates ranging from ($0.31) to $0.98. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Tsakos Energy Navigation.

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 firm had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%.

Several research firms have commented on TNP. Jefferies Group began coverage on Tsakos Energy Navigation in a research report on Monday, December 18th. They issued a “buy” rating and a $6.00 target price for the company. ValuEngine downgraded Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Maxim Group set a $6.00 target price on Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Thursday, November 30th. Stifel Nicolaus set a $7.00 target price on Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kopernik Global Investors LLC raised its position in shares of Tsakos Energy Navigation by 20.5% during the third quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock worth $21,404,000 after acquiring an additional 811,357 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Tsakos Energy Navigation by 37.6% during the third quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock worth $10,739,000 after acquiring an additional 653,517 shares during the last quarter. Northern Trust Corp raised its position 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 acquiring an additional 726,800 shares during the last quarter. Wells Fargo & Company MN raised its position 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 acquiring an additional 17,648 shares during the last quarter. Finally, California Public Employees Retirement System raised its position 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 acquiring an additional 15,000 shares during the last quarter. Institutional investors own 25.96% of the company’s stock.

Tsakos Energy Navigation (NYSE TNP) remained flat at $$3.99 during trading on Wednesday. 402,440 shares of the stock were exchanged, compared to its average volume of 352,036. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. The stock has a market capitalization of $336.64, a P/E ratio of 19.95, a P/E/G ratio of 1.00 and a beta of 1.52. Tsakos Energy Navigation has a 12-month low of $3.82 and a 12-month high of $5.27.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.01%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 100.00%.

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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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