Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:TNP
CUSIPN/A
Phone30 210 94 07 710
Debt
Debt-to-Equity Ratio0.96
Current Ratio0.65
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio13.83
Forward P/E Ratio-5.19
P/E GrowthN/A
Sales & Book Value
Annual Sales$529.18 million
Price / Sales0.53
Cash Flow$1.8965 per share
Price / Cash1.75
Book Value$17.63 per share
Price / Book0.19
Profitability
EPS (Most Recent Fiscal Year)$0.24
Net Income$7.61 million
Net Margins-4.22%
Return on Equity-0.60%
Return on Assets-0.27%
Miscellaneous
EmployeesN/A
Outstanding Shares84,890,000
Market Cap$286.92 million
TSAKOS ENERGY N/SH (NYSE:TNP) Frequently Asked Questions
What is TSAKOS ENERGY N/SH's stock symbol?
TSAKOS ENERGY N/SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."
How often does TSAKOS ENERGY N/SH pay dividends? What is the dividend yield for TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH declared a quarterly dividend on Friday, June 15th. Investors of record on Thursday, August 2nd will be paid a dividend of $0.05 per share on Wednesday, August 8th. This represents a $0.20 annualized dividend and a yield of 6.01%. The ex-dividend date is Wednesday, August 1st. View TSAKOS ENERGY N/SH's Dividend History.
How were TSAKOS ENERGY N/SH's earnings last quarter?
TSAKOS ENERGY N/SH (NYSE:TNP) issued its earnings results on Friday, June, 15th. The shipping company reported ($0.21) EPS for the quarter, missing the Zacks' consensus estimate of ($0.14) by $0.07. The shipping company had revenue of $98.45 million for the quarter, compared to analysts' expectations of $98.94 million. TSAKOS ENERGY N/SH had a negative net margin of 4.22% and a negative return on equity of 0.60%. View TSAKOS ENERGY N/SH's Earnings History.
When is TSAKOS ENERGY N/SH's next earnings date?
What price target have analysts set for TNP?
7 Wall Street analysts have issued 1-year price targets for TSAKOS ENERGY N/SH's stock. Their predictions range from $4.00 to $6.00. On average, they anticipate TSAKOS ENERGY N/SH's share price to reach $5.4286 in the next year. This suggests a possible upside of 63.0% from the stock's current price. View Analyst Price Targets for TSAKOS ENERGY N/SH.
What is the consensus analysts' recommendation for TSAKOS ENERGY N/SH?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TSAKOS ENERGY N/SH in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TSAKOS ENERGY N/SH.
What are Wall Street analysts saying about TSAKOS ENERGY N/SH stock?
Here are some recent quotes from research analysts about TSAKOS ENERGY N/SH stock:
- 1. According to Zacks Investment Research, "Tsakos Energy Navigation is a leading provider of international seaborne crude oil and petroleum product transportation services. It was incorporated in 1993 as an exempted company under the laws of Bermuda under the name Maritime Investment Fund Limited. In 1996, Maritime Investment Fund Limited was renamed MIF Limited. Their common shares were listed in 1993 on the Oslo Stock Exchange and the Bermuda Stock Exchange although they delisted from the OSE in March 2005 due to limited trading. The Company's shares are no longer actively traded on the Bermuda exchange. In July 2001, the Company's name was changed to Tsakos Energy Navigation to enhance their brand recognition in the tanker industry, particularly among charterers. " (7/7/2018)
- 2. Maxim Group analysts commented, "3Q17 revenues of $96.9 million, EBITDA of $47.2 million, and a loss per share of ($0.15) were mostly in line. The company realized a fleet-wide time charter equivalent (TCE) rate of $17,430 per vessel/day as the lull in tanker rates persisted throughout 3Q17." (11/30/2017)
Who are some of TSAKOS ENERGY N/SH's key competitors?
Some companies that are related to TSAKOS ENERGY N/SH include Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Teekay (TK), Navigator (NVGS), DHT (DHT), Genco Shipping & Trading (GNK), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT), DryShips (DRYS) and Diana Shipping (DSX).
Who are TSAKOS ENERGY N/SH's key executives?
TSAKOS ENERGY N/SH's management team includes the folowing people:
- Mr. Nikolas P. Tsakos, Founder, CEO, Pres & Exec. Director (Age 55)
- Mr. Michael Gordon Jolliffe, Co-Founder & Vice Chairman (Age 68)
- Captain Panagiotis Tsakos, Owner
- Mr. Paul Durham, CFO & Chief Accounting Officer (Age 67)
- Mr. George V. Saroglou, COO, VP & Exec. Director (Age 53)
Has TSAKOS ENERGY N/SH been receiving favorable news coverage?
News headlines about TNP stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TSAKOS ENERGY N/SH earned a news and rumor sentiment score of 0.11 on Accern's scale. They also assigned media headlines about the shipping company an impact score of 47.33 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for TSAKOS ENERGY N/SH.
Who are TSAKOS ENERGY N/SH's major shareholders?
TSAKOS ENERGY N/SH's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.54%), Russell Investments Group Ltd. (2.23%), Global X Management Co LLC (1.56%), LSV Asset Management (0.98%), FMR LLC (0.59%) and California Public Employees Retirement System (0.52%).
Which major investors are selling TSAKOS ENERGY N/SH stock?
TNP stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., California Public Employees Retirement System, Putnam Investments LLC, Global X Management Co LLC, LSV Asset Management, GSA Capital Partners LLP and Renaissance Technologies LLC.
Which major investors are buying TSAKOS ENERGY N/SH stock?
TNP stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC.
How do I buy shares of TSAKOS ENERGY N/SH?
Shares of TNP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TSAKOS ENERGY N/SH's stock price today?
One share of TNP stock can currently be purchased for approximately $3.33.
How big of a company is TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH has a market capitalization of $286.92 million and generates $529.18 million in revenue each year. The shipping company earns $7.61 million in net income (profit) each year or $0.24 on an earnings per share basis.
How can I contact TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH's mailing address is 367 SYNGROU AVENUE, ATHENS J3, 17564. The shipping company can be reached via phone at 30 210 94 07 710.
MarketBeat Community Rating for TSAKOS ENERGY N/SH (NYSE TNP)
MarketBeat's community ratings are surveys of what our community members think about TSAKOS ENERGY N/SH and other stocks. Vote "Outperform" if you believe TNP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNP will underperform the S&P 500 over the long term. You may vote once every thirty days.
