NYSE:TNP Tsakos Energy Navigation (TNP) Stock Forecast, Price & News $19.89 -0.50 (-2.45%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$19.70▼$20.3050-Day Range$18.64▼$22.0252-Week Range$14.36▼$24.78Volume205,515 shsAverage Volume308,333 shsMarket Capitalization$586.95 millionP/E Ratio1.66Dividend Yield3.02%Price Target$23.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tsakos Energy Navigation MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside18.1% Upside$23.50 Price TargetShort InterestHealthy1.08% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.04Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth27.70%From $7.69 to $9.82 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector45th out of 116 stocksDeep Sea Foreign Transportation Of Freight Industry12th out of 27 stocks 2.5 Analyst's Opinion Consensus RatingTsakos Energy Navigation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.50, Tsakos Energy Navigation has a forecasted upside of 18.1% from its current price of $19.89.Amount of Analyst CoverageTsakos Energy Navigation has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.08% of the float of Tsakos Energy Navigation has been sold short.Short Interest Ratio / Days to CoverTsakos Energy Navigation has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tsakos Energy Navigation has recently increased by 110.24%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldTsakos Energy Navigation pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTsakos Energy Navigation has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Tsakos Energy Navigation is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Tsakos Energy Navigation will have a dividend payout ratio of 6.11% next year. This indicates that Tsakos Energy Navigation will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNP. Previous Next 2.2 News and Social Media Coverage News SentimentTsakos Energy Navigation has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Tsakos Energy Navigation this week, compared to 1 article on an average week.Search InterestOnly 5 people have searched for TNP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows5 people have added Tsakos Energy Navigation to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tsakos Energy Navigation insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Tsakos Energy Navigation is held by insiders.Percentage Held by InstitutionsOnly 21.18% of the stock of Tsakos Energy Navigation is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Tsakos Energy Navigation are expected to grow by 27.70% in the coming year, from $7.69 to $9.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tsakos Energy Navigation is 1.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Tsakos Energy Navigation is 1.66, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.24.Price to Book Value per Share RatioTsakos Energy Navigation has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tsakos Energy Navigation (NYSE:TNP) StockTsakos 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. Read More TNP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNP Stock News HeadlinesSeptember 27, 2023 | americanbankingnews.comTsakos Energy Navigation (NYSE:TNP) Share Price Passes Above Two Hundred Day Moving Average of $18.76September 21, 2023 | finance.yahoo.comImplied Volatility Surging for Tsakos Energy (TNP) Stock OptionsOctober 4, 2023 | Oxford Club (Ad)The Ultimate Passive Income PlayThe #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas.September 8, 2023 | seekingalpha.comTsakos Energy Navigation: Q2 Results A Bit Below Expectations But Still A BuySeptember 7, 2023 | seekingalpha.comTsakos Energy Navigation Limited 2023 Q2 - Results - Earnings Call PresentationSeptember 7, 2023 | finance.yahoo.comTen Ltd. Reports Profits for the Second Quarter and Six Months Ended June 30, 2023 and Declares Total Annual Dividend of $1.00 Per Common Share for 2023September 6, 2023 | benzinga.comPreview: Tsakos Energy Navigation's EarningsAugust 29, 2023 | finance.yahoo.comTEN, Ltd. Announces Date of Second Quarter 2023 Results, Conference Call and WebcastOctober 4, 2023 | Oxford Club (Ad)AI Stock Caught Trading Under Secret NameWe have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion. The company holds over 29,000 patents in the U.S. It pays an enormous dividend.August 20, 2023 | investing.comTNP_pe Technical AnalysisAugust 14, 2023 | msn.comTsakos Energy Navigation: Call Option On ManagementAugust 9, 2023 | finance.yahoo.comReturns At Tsakos Energy Navigation (NYSE:TNP) Are On The Way UpAugust 8, 2023 | finance.yahoo.comTNP - Tsakos Energy Navigation LimitedAugust 4, 2023 | finance.yahoo.com7 Small-Cap Stocks to Buy Before the BreakoutJuly 24, 2023 | investing.comTNP_pd Historical DataJuly 13, 2023 | seekingalpha.comTsakos Energy Remains Bullish On Record Q1 RevenuesJune 26, 2023 | finance.yahoo.com3 Stocks to Buy Amid Persisting Market VolatilityJune 21, 2023 | finance.yahoo.comTEN, Ltd. Holds its Thirtieth Annual General MeetingJune 8, 2023 | finance.yahoo.comInvesting in Tsakos Energy Navigation (NYSE:TNP) a year ago would have delivered you a 69% gainJune 1, 2023 | msn.comTsakos Energy Navigation (TNP) Declares $0.30 DividendMay 31, 2023 | msn.comJefferies Reiterates Tsakos Energy Navigation (TNP) Buy RecommendationMay 30, 2023 | msn.comTsakos Energy Navigation Q1: Earnings Beat, Considers Extra Dividend & MoreMay 30, 2023 | finance.yahoo.comTEN, Ltd. Celebrates 30-Years as a Public Company and Reports Record Profits for the First Quarter 2023 and Preferred Shares RedemptionMay 30, 2023 | seekingalpha.comTsakos Energy Navigation Limited 2023 Q1 - Results - Earnings Call PresentationMay 30, 2023 | finance.yahoo.comTEN Ltd. to Redeem all of its 8.75% Series D Cumulative Redeemable Perpetual Preferred SharesMay 26, 2023 | msn.comTsakos Energy Navigation Q1 2023 Earnings PreviewMay 16, 2023 | finance.yahoo.comTEN, Ltd. Announces Date of First Quarter 2023 Results, Conference Call and WebcastSee More Headlines Receive TNP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tsakos Energy Navigation and its competitors with MarketBeat's FREE daily newsletter. Email Address TNP Company Calendar Last Earnings9/07/2023Today10/03/2023Ex-Dividend for 10/26 Dividend10/19/2023Dividend Payable10/26/2023Next Earnings (Estimated)11/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:TNP CUSIPN/A CIK1166663 Webwww.tenn.gr Phone302109407710Fax30 210 94 07 716Employees1,500Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$11.99 Trailing P/E Ratio1.66 Forward P/E Ratio2.59 P/E GrowthN/ANet Income$204.23 million Net Margins39.90% Pretax Margin40.42% Return on Equity39.40% Return on Assets18.26% Debt Debt-to-Equity Ratio0.84 Current Ratio1.54 Quick Ratio1.49 Sales & Book Value Annual Sales$860.40 million Price / Sales0.68 Cash Flow$11.30 per share Price / Cash Flow1.76 Book Value$51.11 per share Price / Book0.39Miscellaneous Outstanding Shares29,510,000Free Float29,211,000Market Cap$586.95 million OptionableOptionable Beta0.14 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. 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 KosmatosCorp. Devel. OfficerMr. Vasileios Papageorgiou (Age 76)Chief Marine Officer More ExecutivesKey CompetitorsGenco Shipping & TradingNYSE:GNKTeekayNYSE:TKArdmore ShippingNYSE:ASCGlobal Ship LeaseNYSE:GSLNavios Maritime PartnersNYSE:NMMView All CompetitorsInstitutional OwnershipPortside Wealth Group LLCBought 86,380 shares on 9/1/2023Ownership: 0.293%Wolverine Trading LLCBought 34,100 shares on 8/23/2023Ownership: 0.000%GTS Securities LLCBought 20,236 shares on 8/16/2023Ownership: 0.069%Stifel Financial CorpSold 1,265 shares on 8/15/2023Ownership: 0.253%XTX Topco LtdBought 14,386 shares on 8/15/2023Ownership: 0.049%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tsakos Energy Navigation Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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