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S&P 500   4,229.45
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Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
NYSE:TNP

Tsakos Energy Navigation (TNP) Stock Forecast, Price & News

$19.89
-0.50 (-2.45%)
(As of 10/3/2023 ET)
Compare
Today's Range
$19.70
$20.30
50-Day Range
$18.64
$22.02
52-Week Range
$14.36
$24.78
Volume
205,515 shs
Average Volume
308,333 shs
Market Capitalization
$586.95 million
P/E Ratio
1.66
Dividend Yield
3.02%
Price Target
$23.50

Tsakos Energy Navigation MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.1% Upside
$23.50 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.04mentions of Tsakos Energy Navigation in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.70%
From $7.69 to $9.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Transportation Sector

45th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

12th out of 27 stocks


TNP stock logo

About Tsakos Energy Navigation (NYSE:TNP) Stock

Tsakos Energy Navigation Ltd is one of the world’s longest-running and largest independent operators of maritime energy transportation services. The company owns and operates a best-in-class fleet of versatile energy transportation vessels that include ice-class, shuttle tankers, and LNG-capable shipping as well. The company’s management team is able to leverage more than 50 years of company experience.

Tsakos Energy Navigation Ltd was incorporated in 1993 as MIF Limited. The company IPOd in 201 and later changed its name in 2011 to better represent itself to the world. It has been a leader in energy transportation the entire time and has generated more than $1 billion in profits for shareholders. As of October 2022, the company had paid more than $450 million in dividends in over 42 consecutive payments. The company’s average yield since IPO is over 5.2%.

Tsakos Energy Navigation Ltd. provides maritime transportation services for national, major, and independent energy companies under a variety of contract conditions. The company reported a fleet of 70 double-hull energy transportation vessels in mid-2022. The fleet included 60 conventional tankers ranging from Handysize through Panamax, Aframax, and Suez Max conventional oil tankers, and several Suez-Max DP2 shuttle tankers. The DP2 shuttle tankers are instrumental in transporting energy through the Suez canal. The company also listed 2 VLCCs or Very Large Crude Carriers (the 2nd largest tankers on the high seas) and 2 LNG-capable ships, and 2 ships under construction.

Tsakos Energy Navigation is incorporated in Bermuda but operates out of Athens, Greece. The company’s strategy is to maintain its industry-leading status while providing sustainable growth and stability across energy cycles. The two pillars of the strategy are employee and fleet quality. The company actively invests in its talent pool to position itself for long-term success while also investing in ship maintenance and renewals. The average age of a Tsakos Energy Navigation tanker was about 7.5 years in Q4 2022 compared to roughly 10 years for the industry average. Oil tankers get about 30 years of use on average, so the company well-positioned to outlast its competition.

 

TNP Price History

TNP Stock News Headlines

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TNP Company Calendar

Last Earnings
9/07/2023
Today
10/03/2023
Ex-Dividend for 10/26 Dividend
10/19/2023
Dividend Payable
10/26/2023
Next Earnings (Estimated)
11/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.50
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$204.23 million
Pretax Margin
40.42%

Debt

Sales & Book Value

Annual Sales
$860.40 million
Cash Flow
$11.30 per share
Book Value
$51.11 per share

Miscellaneous

Free Float
29,211,000
Market Cap
$586.95 million
Optionable
Optionable
Beta
0.14
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Key Executives

  • Mr. Nikolas P. Tsakos Ph.D. (Age 60)
    Founder, CEO & Exec. Director
  • Mr. Michael Gordon Jolliffe (Age 73)
    Co-Founder & Vice Chairman
  • Mr. George V. Saroglou (Age 58)
    COO, Pres & Exec. Director
  • Mr. Paul Durham (Age 72)
    CFO & Chief Accounting Officer
  • Harrys Kosmatos
    Corp. Devel. Officer
  • Mr. Vasileios Papageorgiou (Age 76)
    Chief Marine Officer













TNP Stock - Frequently Asked Questions

Should I buy or sell Tsakos Energy Navigation stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tsakos Energy Navigation in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNP shares.
View TNP analyst ratings
or view top-rated stocks.

What is Tsakos Energy Navigation's stock price forecast for 2023?

1 equities research analysts have issued 1 year target prices for Tsakos Energy Navigation's stock. Their TNP share price forecasts range from $19.00 to $28.00. On average, they expect the company's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts price targets for TNP
or view top-rated stocks among Wall Street analysts.

How have TNP shares performed in 2023?

Tsakos Energy Navigation's stock was trading at $16.93 at the beginning of the year. Since then, TNP stock has increased by 17.5% and is now trading at $19.89.
View the best growth stocks for 2023 here
.

Are investors shorting Tsakos Energy Navigation?

Tsakos Energy Navigation saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 227,900 shares, an increase of 110.2% from the August 31st total of 108,400 shares. Based on an average trading volume of 273,900 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the shares of the company are sold short.
View Tsakos Energy Navigation's Short Interest
.

When is Tsakos Energy Navigation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our TNP earnings forecast
.

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) announced its earnings results on Thursday, September, 7th. The shipping company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.05. The shipping company had revenue of $182.56 million for the quarter, compared to analyst estimates of $174.10 million. Tsakos Energy Navigation had a net margin of 39.90% and a trailing twelve-month return on equity of 39.40%. During the same quarter in the prior year, the firm posted $1.31 EPS.

How often does Tsakos Energy Navigation pay dividends? What is the dividend yield for Tsakos Energy Navigation?

Tsakos Energy Navigation declared a Semi-Annual dividend on Thursday, September 7th. Shareholders of record on Friday, October 20th will be paid a dividend of $0.70 per share on Thursday, October 26th. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, October 19th. This is a positive change from the stock's previous Semi-Annual dividend of $0.30.
Read our dividend analysis for TNP
.

What ETFs hold Tsakos Energy Navigation's stock?

ETFs with the largest weight of Tsakos Energy Navigation (NYSE:TNP) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR) and Global X MSCI Greece ETF (GREK).AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

Is Tsakos Energy Navigation a good dividend stock?

Tsakos Energy Navigation (NYSE:TNP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.89%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNP will have a dividend payout ratio of 6.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNP.

When did Tsakos Energy Navigation's stock split?

Shares of Tsakos Energy Navigation reverse split on Wednesday, July 1st 2020. The 1-5 reverse split was announced on Monday, June 22nd 2020. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Tsakos Energy Navigation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tsakos Energy Navigation investors own include Teekay Tankers (TNK), Energy Transfer (ET), DHT (DHT), Capital Product Partners (CPLP), Frontline (FRO), Gilead Sciences (GILD), Scorpio Tankers (STNG), AT&T (T), Teekay LNG Partners (TGP) and Inovio Pharmaceuticals (INO).

What is Tsakos Energy Navigation's stock symbol?

Tsakos Energy Navigation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."

How do I buy shares of Tsakos Energy Navigation?

Shares of TNP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Tsakos Energy Navigation's stock price today?

One share of TNP stock can currently be purchased for approximately $19.89.

How much money does Tsakos Energy Navigation make?

Tsakos Energy Navigation (NYSE:TNP) has a market capitalization of $586.95 million and generates $860.40 million in revenue each year. The shipping company earns $204.23 million in net income (profit) each year or $11.99 on an earnings per share basis.

How many employees does Tsakos Energy Navigation have?

The company employs 1,500 workers across the globe.

How can I contact Tsakos Energy Navigation?

Tsakos Energy Navigation's mailing address is 367 SYNGROU AVENUE, ATHENS J3, 17564. The official website for the company is www.tenn.gr. The shipping company can be reached via phone at 302109407710, via email at ten@capitallink.com, or via fax at 30 210 94 07 716.

This page (NYSE:TNP) was last updated on 10/4/2023 by MarketBeat.com Staff

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