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NYSE:TNP

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

Today's Range
N/A
50-Day Range
$25.72
$31.35
52-Week Range
N/A
Volume
237,800 shs
Average Volume
280,435 shs
Market Capitalization
$864.05 million
P/E Ratio
5.94
Dividend Yield
2.05%
Price Target
$30.00

Tsakos Energy Navigation MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
∞ Upside
$30.00 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Tsakos Energy Navigation in the last 14 days
Based on 2 Articles This Week
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.

3.56 out of 5 stars

Transportation Sector

57th out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 32 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 News Headlines

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Company Calendar

Last Earnings
11/21/2023
Ex-Dividend for 7/18 Dividend
7/12/2024
Dividend Payable
7/18/2024
Today
7/26/2024
Next Earnings (Estimated)
9/05/2024
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
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$300.18 million
Pretax Margin
21.93%

Debt

Sales & Book Value

Annual Sales
$889.57 million
Book Value
$55.62 per share

Miscellaneous

Free Float
29,211,000
Market Cap
$864.05 million
Optionable
Optionable
Beta
-0.15
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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

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) announced its quarterly earnings results on Tuesday, November, 21st. The shipping company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by $0.41. The shipping company had revenue of $186.66 million for the quarter, compared to analysts' expectations of $166.10 million. Tsakos Energy Navigation had a trailing twelve-month return on equity of 22.37% and a net margin of 21.41%.

When did Tsakos Energy Navigation's stock split?

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 stock prior to the reverse split would have 20 shares after the split.

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.

What other stocks do shareholders of Tsakos Energy Navigation own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tsakos Energy Navigation investors own include Teekay Tankers (TNK), Energy Transfer (ET), DHT (DHT), Capital Product Partners (CPLP), Frontline (FRO), Gilead Sciences (GILD) and Scorpio Tankers (STNG).

This page (NYSE:TNP) was last updated on 7/26/2024 by MarketBeat.com Staff

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