Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. Its fleet also includes a liquefied natural gas (LNG) carrier and over two shuttle suezmax tankers with dynamic positioning technology (DP2). This fleet diversity includes a range of sister ships. The Company's fleet consists of 65 double-hull vessels totaling 7.2 million deadweight tonnage. Its diversified fleet, which includes VLCC, suezmax, aframax, panamax, handysize, handymax tankers, LNG carrier and DP2 shuttle tankers, allows it to serve its customers' international petroleum product and crude oil transportation needs.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:TNP
- CUSIP: N/A
- Web: www.tenn.gr
Capitalization:- Market Cap: $375.01 million
- Outstanding Shares: 83,966,000
Average Prices:- 50 Day Moving Avg: $4.55
- 200 Day Moving Avg: $4.63
- 52 Week Range: $3.92 - $5.28
P/E:- Trailing P/E Ratio: 11.87
- Foreward P/E Ratio: 5.40
- P/E Growth: 2.52
Sales & Book Value:- Annual Revenue: $497.94 million
- Price / Sales: 0.75
- Book Value: $16.99 per share
- Price / Book: 0.26
Dividend:- Annual Dividend: $0.20
- Dividend Yield: 4.5%
Profitability:- EBIDTA: $195.68 million
- Net Margins: 6.86%
- Return on Equity: 2.48%
- Return on Assets: 1.07%
Debt:- Debt-to-Equity Ratio: 1.04%
- Current Ratio: 0.91%
- Quick Ratio: 0.86%
Misc:- Average Volume: 329,980 shs.
- Beta: 1.69
- Short Ratio: 2.93
Frequently Asked Questions for Tsakos Energy Navigation Ltd (NYSE:TNP)
What is Tsakos Energy Navigation Ltd's stock symbol?
Tsakos Energy Navigation Ltd trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."
How often does Tsakos Energy Navigation Ltd pay dividends? What is the dividend yield for Tsakos Energy Navigation Ltd?
Tsakos Energy Navigation Ltd declared a quarterly dividend on Friday, September 15th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.05 per share on Wednesday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, November 8th. View Tsakos Energy Navigation Ltd's Dividend History.
How were Tsakos Energy Navigation Ltd's earnings last quarter?
Tsakos Energy Navigation Ltd (NYSE:TNP) announced its earnings results on Friday, September, 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.08. The company had revenue of $104.06 million for the quarter, compared to the consensus estimate of $108.51 million. Tsakos Energy Navigation Ltd had a return on equity of 2.48% and a net margin of 6.86%. View Tsakos Energy Navigation Ltd's Earnings History.
When will Tsakos Energy Navigation Ltd make its next earnings announcement?
Where is Tsakos Energy Navigation Ltd's stock going? Where will Tsakos Energy Navigation Ltd's stock price be in 2017?
8 analysts have issued 1 year price targets for Tsakos Energy Navigation Ltd's shares. Their forecasts range from $3.00 to $7.50. On average, they expect Tsakos Energy Navigation Ltd's share price to reach $5.57 in the next year. View Analyst Ratings for Tsakos Energy Navigation Ltd.
What are analysts saying about Tsakos Energy Navigation Ltd stock?
Here are some recent quotes from research analysts about Tsakos Energy Navigation Ltd stock:
- 1. Maxim Group analysts commented, "As a reminder, we revised our 2017 tanker sector outlook in conjunction with our Batten Down the Hatches, Rough Seas Ahead: Crude Tanker Shipping Update report, published on April 21, 2017." (5/8/2017)
- 2. According to Zacks Investment Research, "Tsakos Energy Navigation is a leading provider of international seaborne crude oil and petroleum product transportation services. It was incorporated in 1993 as an exempted company under the laws of Bermuda under the name Maritime Investment Fund Limited. In 1996, Maritime Investment Fund Limited was renamed MIF Limited. Their common shares were listed in 1993 on the Oslo Stock Exchange and the Bermuda Stock Exchange although they delisted from the OSE in March 2005 due to limited trading. The Company's shares are no longer actively traded on the Bermuda exchange. In July 2001, the Company's name was changed to Tsakos Energy Navigation to enhance their brand recognition in the tanker industry, particularly among charterers. " (4/27/2017)
Who are some of Tsakos Energy Navigation Ltd's key competitors?
Some companies that are related to Tsakos Energy Navigation Ltd include Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), Scorpio Bulkers (SALT), International Seaways (INSW), Capital Product Partners L.P. (CPLP), Diana Shipping inc. (DSX), Navios Maritime Partners LP (NMM), Safe Bulkers (SB), Ardmore Shipping Corporation (ASC), Danaos Corporation (DAC), Hornbeck Offshore Services (HOS), StealthGas (GASS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA), DryShips (DRYS), Diana Containerships (DCIX) and Baltic Trading Ltd (BALT).
Who are Tsakos Energy Navigation Ltd's key executives?
Tsakos Energy Navigation Ltd's management team includes the folowing people:
- Takis Arapoglou, Independent Chairman of the Board
- Nikolas P. Tsakos, President, Chief Executive Officer, Executive Director
- Paul Durham, Chief Financial Officer, Chief Accounting Officer
- George V. Saroglou, Chief Operating Officer, Vice President, Executive Director
- Vladimir Jadro, Chief Marine Officer
- Michael Gordon Jolliffe, Non-Executive Deputy Chairman of the Board
- Efthimios E. Mitropoulos, Independent Director
- Peter C. Nicholson CBE, Independent Director
- Francis T. Nusspickel, Independent Director
- Richard L. Paniguian CBE, Independent Director
Who owns Tsakos Energy Navigation Ltd stock?
Tsakos Energy Navigation Ltd's stock is owned by a variety of of retail and institutional investors. Top institutional investors include LSV Asset Management (2.44%), Russell Investments Group Ltd. (2.07%), Global X Management Co. LLC (1.60%), Old West Investment Management LLC (1.11%), Northern Trust Corp (0.97%) and Parametric Portfolio Associates LLC (0.94%). View Institutional Ownership Trends for Tsakos Energy Navigation Ltd.
Who sold Tsakos Energy Navigation Ltd stock? Who is selling Tsakos Energy Navigation Ltd stock?
Tsakos Energy Navigation Ltd's stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, JPMorgan Chase & Co., Royal Bank of Canada, Parametric Portfolio Associates LLC, AJO LP, Old West Investment Management LLC, WealthTrust Axiom LLC and Cambridge Investment Research Advisors Inc.. View Insider Buying and Selling for Tsakos Energy Navigation Ltd.
Who bought Tsakos Energy Navigation Ltd stock? Who is buying Tsakos Energy Navigation Ltd stock?
Tsakos Energy Navigation Ltd's stock was purchased by a variety of institutional investors in the last quarter, including Northern Trust Corp, Russell Investments Group Ltd., Global X Management Co. LLC, Afam Capital Inc., Virtu KCG Holdings LLC, Wells Fargo & Company MN, Creative Planning and State Street Corp. View Insider Buying and Selling for Tsakos Energy Navigation Ltd.
How do I buy Tsakos Energy Navigation Ltd stock?
Shares of Tsakos Energy Navigation Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tsakos Energy Navigation Ltd's stock price today?
One share of Tsakos Energy Navigation Ltd stock can currently be purchased for approximately $4.43.
MarketBeat Community Rating for Tsakos Energy Navigation Ltd (NYSE TNP)MarketBeat's community ratings are surveys of what our community members think about Tsakos Energy Navigation Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Tsakos Energy Navigation Ltd (NYSE:TNP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.75) |
| Consensus Price Target: | $5.57 (25.77% upside) |
Analysts' Ratings History for Tsakos Energy Navigation Ltd (NYSE:TNP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/18/2017 | Maxim Group | Reiterated Rating | Buy | $6.00 | Medium |  |
| 9/18/2017 | Morgan Stanley | Lower Price Target | Overweight | $6.00 -> $5.50 | Low | |
| 9/15/2017 | Cowen and Company | Lower Price Target | Buy | $7.00 -> $6.00 | Low | |
| 9/12/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $6.00 | Medium | |
| 8/2/2017 | Wells Fargo & Company | Downgrade | Outperform -> Market Perform | $3.00 | Medium | |
| 3/17/2017 | Credit Suisse Group | Reiterated Rating | Hold | $5.00 | Low | |
| 1/10/2017 | Clarkson Capital | Reiterated Rating | Buy | | N/A | |
| 11/30/2016 | J P Morgan Chase & Co | Lower Price Target | Overweight | $8.00 -> $7.50 | N/A | |
| 5/4/2016 | Seaport Global Securities | Reiterated Rating | Buy | $10.00 | N/A | |
(Data available from 9/22/2015 forward)
Earnings History for Tsakos Energy Navigation Ltd (NYSE:TNP)Earnings History by Quarter for Tsakos Energy Navigation Ltd (NYSE TNP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/29/2017 | | | | | | | N/A | |
| 9/15/2017 | 6/30/2017 | $0.05 | ($0.03) | $108.51 million | $104.06 million | View | N/A | |
| 5/12/2017 | 3/31/2017 | $0.12 | $0.16 | $113.51 million | $108.16 million | View | N/A | |
| 9/9/2016 | Q216 | $0.15 | $0.15 | $104.82 million | $94.83 million | View | N/A | |
| 5/31/2016 | Q116 | $0.24 | $0.25 | $111.56 million | $99.60 million | View | Listen | |
| 3/15/2016 | Q415 | $0.38 | $0.41 | $119.81 million | $143.10 million | View | Listen | |
| 11/6/2015 | Q315 | $0.38 | $0.40 | $117.83 million | $109.90 million | View | N/A | |
| 7/31/2015 | Q215 | $0.42 | $0.45 | $117.79 million | $154.02 million | View | Listen | |
| 5/22/2015 | Q414 | $0.36 | $0.42 | $111.56 million | $114.32 million | View | Listen | |
| 3/19/2015 | Q4 | $0.16 | $0.23 | $99.59 million | $99.50 million | View | N/A | |
| 11/21/2014 | Q314 | $0.04 | $0.04 | $87.10 million | $120.90 million | View | N/A | |
| 8/4/2014 | Q214 | ($0.02) | ($0.02) | $75.10 million | $112.40 million | View | N/A | |
| 5/16/2014 | Q114 | $0.10 | $0.06 | $87.87 million | $91.30 million | View | N/A | |
| 3/17/2014 | Q413 | ($0.09) | ($0.66) | $74.86 million | $105.03 million | View | N/A | |
| 11/20/2013 | Q3 | ($0.06) | ($0.04) | $74.42 million | $73.80 million | View | Listen | |
| 8/2/2013 | Q2 2013 | ($0.03) | ($0.04) | $73.84 million | $108.10 million | View | N/A | |
| 5/24/2013 | Q1 2013 | ($0.08) | $0.02 | $67.73 million | $97.69 million | View | N/A | |
| 4/19/2013 | Q4 2012 | ($0.19) | ($0.43) | $65.86 million | $100.30 million | View | N/A | |
| 11/21/2012 | -0.18 | | ($0.18) | | $92.40 million | View | N/A | |
| 8/3/2012 | | ($0.16) | ($0.10) | | | View | N/A | |
| 3/16/2012 | | ($0.42) | ($0.37) | | | View | N/A | |
| 11/18/2011 | | ($0.41) | ($0.52) | | | View | N/A | |
| 7/28/2011 | | ($0.20) | ($0.19) | | | View | N/A | |
| 5/11/2011 | | $0.04 | $0.20 | | | View | N/A | |
| 3/14/2011 | | ($0.22) | $0.01 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Tsakos Energy Navigation Ltd (NYSE:TNP)2017 EPS Consensus Estimate: $0.32
2018 EPS Consensus Estimate: $0.96
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.09 | $0.16 | $0.13 |
| Q2 2017 | 2 | $0.02 | $0.02 | $0.02 |
| Q3 2017 | 2 | ($0.02) | $0.04 | $0.01 |
| Q4 2017 | 2 | $0.15 | $0.18 | $0.17 |
| Q1 2018 | 1 | $0.24 | $0.24 | $0.24 |
| Q2 2018 | 1 | $0.24 | $0.24 | $0.24 |
| Q3 2018 | 1 | $0.23 | $0.23 | $0.23 |
| Q4 2018 | 1 | $0.25 | $0.25 | $0.25 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Tsakos Energy Navigation Ltd (NYSE:TNP)| Next Dividend: | 11/15/2017 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 4.51% |
| Dividend Growth: | 24.60% (3 Year Average) |
| Payout Ratio: | 95.24% (Trailing 12 Months of Earnings)
64.52% (Based on This Year's Estimates)
24.39% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Tsakos Energy Navigation Ltd (NYSE TNP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/15/2017 | Quarterly | $0.05 | | 11/8/2017 | 11/9/2017 | 11/15/2017 |
| 5/15/2017 | quarterly | $0.05 | 4.25% | 7/7/2017 | 7/11/2017 | 7/14/2017 |
| 3/20/2017 | Quarterly | $0.05 | 4.21% | 4/21/2017 | 4/25/2017 | 4/28/2017 |
| 11/29/2016 | Quarterly | $0.05 | 4.45% | 12/14/2016 | 12/16/2016 | 12/22/2016 |
| 9/12/2016 | quarterly | $0.08 | 6.37% | 11/2/2016 | 11/4/2016 | 11/10/2016 |
| 6/1/2016 | quarterly | $0.08 | 5.14% | 8/1/2016 | 8/3/2016 | 8/10/2016 |
| 2/16/2016 | Quarterly | $0.08 | 5.24% | 3/28/2016 | 3/30/2016 | 4/7/2016 |
| 8/3/2015 | quarterly | $0.06 | 2.6% | 12/7/2015 | 12/9/2015 | 12/15/2015 |
| 5/26/2015 | quarterly | $0.06 | 2.47% | 9/1/2015 | 9/3/2015 | 9/10/2015 |
| 3/20/2015 | quarterly | $0.06 | 3.08% | 5/19/2015 | 5/21/2015 | 5/28/2015 |
| 1/30/2015 | quarterly | $0.06 | 3.48% | 2/10/2015 | 2/12/2015 | 2/19/2015 |
| 8/4/2014 | quarterly | $0.05 | 3.12% | 11/19/2014 | 11/21/2014 | 11/25/2014 |
| 5/16/2014 | quarterly | $0.05 | 2.88% | 8/7/2014 | 8/11/2014 | 8/14/2014 |
| 3/18/2014 | quarterly | $0.05 | 2.57% | 5/15/2014 | 5/19/2014 | 5/22/2014 |
| 11/22/2013 | quarterly | $0.05 | 4.21% | 12/10/2013 | 12/12/2013 | 12/17/2013 |
| 5/24/2013 | quarterly | $0.05 | 4.12% | 9/5/2013 | 9/9/2013 | 9/12/2013 |
| 4/19/2013 | quarterly | $0.05 | 5.65% | 5/28/2013 | 5/30/2013 | 6/5/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Tsakos Energy Navigation Ltd (NYSE:TNP)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Tsakos Energy Navigation Ltd (NYSE:TNP)
Latest Headlines for Tsakos Energy Navigation Ltd (NYSE:TNP)
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Tsakos Energy Navigation Ltd (TNP) Chart for Friday, September, 22, 2017
