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

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.

1 brokers have issued 1-year target prices for Tsakos Energy Navigation's stock. Their TNP share price forecasts range from $19.00 to $30.00. On average, they predict the company's stock price to reach $24.50 in the next twelve months. This suggests a possible upside of 39.3% from the stock's current price.
View analysts price targets for TNP or view top-rated stocks among Wall Street analysts.

Tsakos Energy Navigation's stock was trading at $16.93 on January 1st, 2023. Since then, TNP shares have increased by 3.9% and is now trading at $17.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023.
View our TNP earnings forecast.

Tsakos Energy Navigation Limited (NYSE:TNP) issued its quarterly earnings results on Tuesday, May, 30th. The shipping company reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.79 by $0.15. The shipping company had revenue of $261.21 million for the quarter, compared to analysts' expectations of $209.20 million. Tsakos Energy Navigation had a net margin of 38.61% and a trailing twelve-month return on equity of 30.73%. During the same quarter in the previous year, the firm posted ($0.12) EPS.

Tsakos Energy Navigation declared a Semi-Annual dividend on Tuesday, May 30th. Stockholders of record on Friday, June 9th will be given a dividend of $0.30 per share on Thursday, June 15th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 8th. This is a positive change from the stock's previous Semi-Annual dividend of $0.15.
Read our dividend analysis for TNP.

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

Tsakos Energy Navigation (NYSE:TNP) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.72%. 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 2.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNP will have a dividend payout ratio of 3.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNP.

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.

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 a variety of institutional and retail investors. Top institutional investors include Arrowstreet Capital Limited Partnership (1.37%), Two Sigma Advisers LP (1.31%), Acadian Asset Management LLC (1.18%), Renaissance Technologies LLC (1.16%), Two Sigma Investments LP (0.94%) and Susquehanna International Group LLP (0.00%).

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.
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One share of TNP stock can currently be purchased for approximately $17.59.

Tsakos Energy Navigation (NYSE:TNP) has a market capitalization of $519.08 million and generates $860.40 million in revenue each year. The shipping company earns $204.23 million in net income (profit) each year or $11.65 on an earnings per share basis.

The company employs 1,500 workers across the globe.

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.