Tsakos Energy Navigation Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tsakos Energy Navigation in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tsakos Energy Navigation stock.
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Tsakos Energy Navigation saw a decline in short interest in May. As of May 28th, there was short interest totaling 303,500 shares, a decline of 42.2% from the May 13th total of 524,800 shares. Based on an average daily volume of 119,700 shares, the short-interest ratio is presently 2.5 days. Currently, 2.5% of the shares of the company are sold short.
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Tsakos Energy Navigation Limited (NYSE:TNP) issued its quarterly earnings data on Tuesday, March, 23rd. The shipping company reported ($1.27) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.88) by $0.39. The shipping company earned $91.73 million during the quarter, compared to analysts' expectations of $101.31 million. Tsakos Energy Navigation had a trailing twelve-month return on equity of 5.26% and a net margin of 3.73%.
View Tsakos Energy Navigation's earnings history.

Tsakos Energy Navigation's stock was trading at $12.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TNP stock has decreased by 30.0% and is now trading at $8.99.
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Tsakos Energy Navigation announced a semi-annual dividend on Tuesday, November 24th. Investors of record on Wednesday, December 16th will be paid a dividend of $0.125 per share on Tuesday, December 22nd. This represents a yield of 2.7%. The ex-dividend date is Tuesday, December 15th.
View Tsakos Energy Navigation's dividend history.

Tsakos Energy Navigation pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.56%. TNP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Tsakos Energy Navigation is 46.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tsakos Energy Navigation will have a dividend payout ratio of 11.71% next year. This indicates that Tsakos Energy Navigation will be able to sustain or increase its dividend.
View Tsakos Energy Navigation's dividend history.

Tsakos Energy Navigation's stock reverse split on the morning of 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 Tsakos Energy Navigation stock prior to the reverse split would have 20 shares after the split.

3 Wall Street analysts have issued 12 month price targets for Tsakos Energy Navigation's shares. Their forecasts range from $10.00 to $18.00. On average, they expect Tsakos Energy Navigation's stock price to reach $13.33 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price.
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Some companies that are related to Tsakos Energy Navigation include Navigator (NVGS), Eagle Bulk Shipping (EGLE), Dorian LPG (LPG), Navios Maritime Partners (NMM), Diana Shipping (DSX), Safe Bulkers (SB), Teekay (TK), Castor Maritime (CTRM), Capital Product Partners (CPLP), Eneti (NETI), Overseas Shipholding Group (OSG), Grindrod Shipping (GRIN), Pangaea Logistics Solutions (PANL), Seanergy Maritime (SHIP) and Euroseas (ESEA).
View all of TNP's competitors.

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).

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

Tsakos Energy Navigation's stock is owned by many different retail and institutional investors. Top institutional shareholders include Kopernik Global Investors LLC (6.37%), Russell Investments Group Ltd. (3.37%), Acadian Asset Management LLC (2.78%), Renaissance Technologies LLC (1.71%), Mirae Asset Global Investments Co. Ltd. (0.92%) and Arrowstreet Capital Limited Partnership (0.69%).

TNP stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Mirae Asset Global Investments Co. Ltd., Morgan Stanley, and Sei Investments Co..

TNP stock was bought by a variety of institutional investors in the last quarter, including Kopernik Global Investors LLC, Acadian Asset Management LLC, Renaissance Technologies LLC, Stifel Financial Corp, Arrowstreet Capital Limited Partnership, Foundation Resource Management Inc., Cambridge Investment Research Advisors Inc., and WealthTrust Axiom LLC.

Shares of TNP 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.
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One share of TNP stock can currently be purchased for approximately $8.99.

Tsakos Energy Navigation has a market capitalization of $163.62 million and generates $644.14 million in revenue each year. The shipping company earns $24 million in net income (profit) each year or $1.08 on an earnings per share basis.

The official website for Tsakos Energy Navigation is www.tenn.gr.

Tsakos Energy Navigation is headquartered at 367 SYNGROU AVENUE, ATHENS J3, 17564.

Tsakos Energy Navigation's mailing address is 367 SYNGROU AVENUE, ATHENS J3, 17564. The shipping company can be reached via phone at 30 210 94 07 710 or via email at [email protected]