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.
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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.

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.
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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.

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

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.

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.

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).

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.

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."

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 $19.89.

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.

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.