Research Analysts Offer Predictions for Tsakos Energy Navigation Ltd.’s Q1 2018 Earnings (TNP)

Tsakos Energy Navigation Ltd. (NYSE:TNP) – Equities researchers at Jefferies Group issued their Q1 2018 EPS estimates for shares of Tsakos Energy Navigation in a research report issued on Friday. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings per share of ($0.04) for the quarter. Jefferies Group currently has a “Buy” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for Tsakos Energy Navigation’s Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.18 EPS and FY2019 earnings at $1.16 EPS.

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

TNP has been the topic of a number of other research reports. Zacks Investment Research lowered Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Stifel Nicolaus set a $7.00 target price on Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Maxim Group set a $6.00 target price on Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, ValuEngine lowered Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.36.

Tsakos Energy Navigation (TNP) opened at $4.02 on Monday. The firm has a market capitalization of $342.94, a P/E ratio of 36.55, a PEG ratio of 1.79 and a beta of 1.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03. Tsakos Energy Navigation has a 52 week low of $3.82 and a 52 week high of $5.27.

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Tsakos Energy Navigation by 218.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock worth $1,473,000 after acquiring an additional 221,587 shares during the period. Kopernik Global Investors LLC increased its stake in Tsakos Energy Navigation by 20.5% during the 3rd 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 period. Northern Trust Corp increased its stake in Tsakos Energy Navigation by 795.2% during the 2nd 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 period. Russell Investments Group Ltd. increased its stake in Tsakos Energy Navigation by 37.6% during the 3rd 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 period. Finally, Wells Fargo & Company MN increased its stake in Tsakos Energy Navigation by 2.5% during the 2nd 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 period. Hedge funds and other institutional investors own 25.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Research Analysts Offer Predictions for Tsakos Energy Navigation Ltd.’s Q1 2018 Earnings (TNP)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/29/research-analysts-offer-predictions-for-tsakos-energy-navigation-ltd-s-q1-2018-earnings-tnp.html.

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. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.

Receive News & Ratings for Tsakos Energy Navigation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply