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NYSE:TNP

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

$30.89
+0.52 (+1.71%)
(As of 05/24/2024 ET)
Today's Range
$30.41
$31.00
50-Day Range
$24.51
$31.12
52-Week Range
$16.45
$31.31
Volume
175,574 shs
Average Volume
305,724 shs
Market Capitalization
$911.44 million
P/E Ratio
3.42
Dividend Yield
1.94%
Price Target
$30.00

Tsakos Energy Navigation MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.9% Downside
$30.00 Price Target
Short Interest
Healthy
1.27% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.80%
From $9.27 to $9.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.04 out of 5 stars

Transportation Sector

83rd out of 114 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 28 stocks

TNP stock logo

About Tsakos Energy Navigation Stock (NYSE:TNP)

Tsakos 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.

 

TNP Stock Price History

TNP Stock News Headlines

Tsakos: Q4 Earnings Snapshot
Earnings Outlook For Tsakos Energy Navigation
TNP.PR.E Tsakos Energy Navigation Limited PERP PFD SER E
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Company Calendar

Last Earnings
3/27/2024
Today
5/25/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.00
High Stock Price Target
$30.00
Low Stock Price Target
$30.00
Potential Upside/Downside
-2.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$300.18 million
Pretax Margin
34.30%

Debt

Sales & Book Value

Annual Sales
$889.57 million
Cash Flow
$13.37 per share
Book Value
$55.62 per share

Miscellaneous

Free Float
29,211,000
Market Cap
$911.44 million
Optionable
Optionable
Beta
-0.14
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Key Executives

  • Mr. Nikolas P. Tsakos Ph.D. (Age 61)
    Founder, CEO & Executive Director
  • Mr. Michael Gordon Jolliffe (Age 74)
    Co-Founder & Vice Chairman
  • Mr. George V. Saroglou (Age 59)
    COO, President & Executive Director
  • Mr. Paul Durham (Age 73)
    CFO & Chief Accounting Officer
  • Harrys Kosmatos
    Corporate Development Officer
  • Mr. Vasileios Papageorgiou (Age 77)
    Chief Marine Officer

TNP Stock Analysis - 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 target for 2024?

1 brokers have issued 1-year price targets for Tsakos Energy Navigation's stock. Their TNP share price targets range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 2.9%.
View analysts price targets for TNP
or view top-rated stocks among Wall Street analysts.

How have TNP shares performed in 2024?

Tsakos Energy Navigation's stock was trading at $22.22 on January 1st, 2024. Since then, TNP shares have increased by 39.0% and is now trading at $30.89.
View the best growth stocks for 2024 here
.

Are investors shorting Tsakos Energy Navigation?

Tsakos Energy Navigation saw a increase in short interest in April. As of April 30th, there was short interest totaling 273,000 shares, an increase of 51.6% from the April 15th total of 180,100 shares. Based on an average daily volume of 272,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.3% of the shares of the company are short sold.
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, June 4th 2024.
View our TNP earnings forecast
.

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) released its quarterly earnings results on Wednesday, March, 27th. The shipping company reported $1.56 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by $0.03. The shipping company had revenue of $183.57 million for the quarter, compared to the consensus estimate of $185.35 million. Tsakos Energy Navigation had a trailing twelve-month return on equity of 29.41% and a net margin of 33.74%.

How often does Tsakos Energy Navigation pay dividends? What is the dividend yield for Tsakos Energy Navigation?

Tsakos Energy Navigation announced a semi-annual dividend on Tuesday, November 21st. Investors of record on Thursday, December 14th will be given a dividend of $0.30 per share on Wednesday, December 20th. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, December 13th.
Read our dividend analysis for TNP
.

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 1.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNP will have a dividend payout ratio of 6.06% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

When did Tsakos Energy Navigation's stock split?

Tsakos Energy Navigation's stock reverse split before market open 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).

Who are Tsakos Energy Navigation's major shareholders?

Tsakos Energy Navigation's stock is owned by many different retail and institutional investors. Top institutional shareholders include Foundation Resource Management Inc. (1.25%), Mirae Asset Global Investments Co. Ltd. (0.56%), Hennessy Advisors Inc. (0.29%), Quadrature Capital Ltd (0.19%), Principal Financial Group Inc. (0.18%) and Diversify Advisory Services LLC (0.10%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TNP) was last updated on 5/25/2024 by MarketBeat.com Staff

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