Tsakos Energy Navigation - TNP Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tsakos Energy Navigation in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNP shares.
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2 brokers have issued 1 year target prices for Tsakos Energy Navigation's stock. Their TNP share price forecasts range from $18.00 to $30.00. On average, they anticipate the company's share price to reach $22.33 in the next twelve months. This suggests a possible upside of 15.7% 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 14.0% and is now trading at $19.30.
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Tsakos Energy Navigation saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 178,500 shares, an increase of 34.6% from the January 31st total of 132,600 shares. Based on an average daily volume of 395,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
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Tsakos Energy Navigation Limited (NYSE:TNP) released its earnings results on Thursday, December, 16th. The shipping company reported ($1.72) earnings per share for the quarter, missing the consensus estimate of ($1.21) by $0.51. The shipping company had revenue of $77.45 million for the quarter, compared to analyst estimates of $84.34 million. Tsakos Energy Navigation had a trailing twelve-month return on equity of 44.97% and a net margin of 23.74%. During the same period in the previous year, the firm earned ($0.55) earnings per share.

Tsakos Energy Navigation declared a semi-annual dividend on Tuesday, November 22nd. Investors of record on Wednesday, December 14th will be paid a dividend of $0.15 per share on Tuesday, December 20th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 13th. This is a positive change from the stock's previous semi-annual dividend of $0.10.
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), Invesco RAFI Strategic Emerging Markets ETF (ISEM).

Tsakos Energy Navigation (NYSE:TNP) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.50%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNP will have a dividend payout ratio of 2.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNP.

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 closing bell 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 number of institutional and retail investors. Top institutional investors include Millennium Management LLC (5.76%), Two Sigma Investments LP (2.46%), Marshall Wace LLP (2.37%), Arrowstreet Capital Limited Partnership (2.07%), Renaissance Technologies LLC (1.33%) and Dorsey Wright & Associates (0.81%).

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 $19.30.

Tsakos Energy Navigation (NYSE:TNP) has a market capitalization of $351.26 million and generates $860.40 million in revenue each year. The shipping company earns $204.23 million in net income (profit) each year or $5.84 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.