A number of equities research analysts have recently commented on TNP shares. Maxim Group 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, May 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. BidaskClub raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, March 23rd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Tsakos Energy Navigation in a research note on Friday, March 17th.
Tsakos Energy Navigation Ltd (NYSE:TNP) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.30.
The firm’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.67. Tsakos Energy Navigation has a 52 week low of $3.92 and a 52 week high of $5.59. The stock has a market cap of $429.07 million, a P/E ratio of 13.48 and a beta of 1.69.
Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings data on Friday, May 12th. The shipping company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Tsakos Energy Navigation had a net margin of 9.61% and a return on equity of 3.40%. The company had revenue of $108.16 million for the quarter, compared to analyst estimates of $113.51 million. On average, analysts predict that Tsakos Energy Navigation will post $0.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Tuesday, July 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Friday, July 7th. Tsakos Energy Navigation’s dividend payout ratio is presently 51.28%.
A number of hedge funds and other institutional investors have recently modified their holdings of TNP. Ameriprise Financial Inc. raised its position 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 buying an additional 9,060 shares in the last quarter. KCG Holdings Inc. raised its position 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 buying an additional 13,473 shares in the last quarter. Creative Planning raised its position 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 buying an additional 15,660 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of Tsakos Energy Navigation by 29.9% in the first quarter. Essex Investment Management Co. LLC now owns 99,023 shares of the shipping company’s stock valued at $474,000 after buying an additional 22,802 shares in the last quarter. Finally, HPM Partners LLC bought a new position in shares of Tsakos Energy Navigation during the first quarter valued at about $484,000. 27.51% of the stock is currently owned by institutional investors and hedge funds.
Source: MarketBeat