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%.
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.
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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. 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.
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