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NYSE:TNP

Tsakos Energy Navigation - TNP Stock Forecast, Price & News

$16.69
-0.08 (-0.48%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$16.34
$16.90
50-Day Range
$15.35
$20.09
52-Week Range
$7.15
$20.20
Volume
228,188 shs
Average Volume
372,176 shs
Market Capitalization
$303.69 million
P/E Ratio
N/A
Dividend Yield
1.79%
Price Target
$21.00

Tsakos Energy Navigation MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.8% Upside
$21.00 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Tsakos Energy Navigation in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
229.67%
From $7.01 to $23.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Transportation Sector

20th out of 122 stocks

Deep Sea Foreign Transportation Of Freight Industry

10th out of 29 stocks


TNP stock logo

About Tsakos Energy Navigation (NYSE:TNP) Stock

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.

 

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TNP Stock News Headlines

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TNP Company Calendar

Last Earnings
11/22/2022
Ex-Dividend for 12/20 Dividend
12/13/2022
Dividend Payable
12/20/2022
Today
1/27/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

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 Forecast
$21.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+25.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-151,400,000.00
Pretax Margin
0.60%

Debt

Sales & Book Value

Annual Sales
$546.12 million
Cash Flow
$4.62 per share
Book Value
$70.14 per share

Miscellaneous

Free Float
18,014,000
Market Cap
$303.69 million
Optionable
Optionable
Beta
0.21

Key Executives

  • Nikolas Panagiotis Tsakos
    President, CEO & Executive Director
  • George V. Saroglou
    Chief Operating Officer, Director & Vice President
  • Paul Durham
    Chief Financial & Accounting Officer
  • Michael Gordon Jolliffe
    Vice Chairman & Joint Managing Director
  • Harrys Kosmatos
    Corporate Development Officer













TNP Stock - Frequently Asked Questions

Should I buy or sell Tsakos Energy Navigation stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tsakos Energy Navigation in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

2 analysts have issued 1-year price objectives for Tsakos Energy Navigation's stock. Their TNP share price forecasts range from $18.00 to $26.00. On average, they anticipate the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for TNP
or view top-rated stocks among Wall Street analysts.

How have TNP shares performed in 2023?

Tsakos Energy Navigation's stock was trading at $16.93 at the beginning of the year. Since then, TNP stock has decreased by 1.4% and is now trading at $16.69.
View the best growth stocks for 2023 here
.

Are investors shorting Tsakos Energy Navigation?

Tsakos Energy Navigation saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 121,500 shares, an increase of 44.5% from the December 15th total of 84,100 shares. Based on an average daily volume of 392,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the company's stock 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 Thursday, April 13th 2023.
View our TNP earnings forecast
.

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) posted its quarterly earnings results on Tuesday, November, 22nd. The shipping company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $2.16 by $0.68. The shipping company had revenue of $170.93 million for the quarter, compared to analyst estimates of $186.87 million. Tsakos Energy Navigation had a net margin of 0.16% and a trailing twelve-month return on equity of 13.27%.

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 22nd. Shareholders of record on Wednesday, December 14th will be given 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 boost from the stock's previous semi-annual dividend of $0.10.
Read our dividend analysis for TNP
.

Is Tsakos Energy Navigation a good dividend stock?

Tsakos Energy Navigation (NYSE:TNP) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.79%.
Read our dividend analysis for TNP.

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).

What is Tsakos Energy Navigation's stock symbol?

Tsakos Energy Navigation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."

Who are Tsakos Energy Navigation's major shareholders?

Tsakos Energy Navigation's stock is owned by a number of retail and institutional investors. Top institutional investors include Vestmark Advisory Solutions Inc. (0.06%).

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

What is Tsakos Energy Navigation's stock price today?

One share of TNP stock can currently be purchased for approximately $16.69.

How much money does Tsakos Energy Navigation make?

Tsakos Energy Navigation (NYSE:TNP) has a market capitalization of $303.69 million and generates $546.12 million in revenue each year. The shipping company earns $-151,400,000.00 in net income (profit) each year or ($2.38) on an earnings per share basis.

How many employees does Tsakos Energy Navigation have?

The company employs 1,500 workers across the globe.

How can I contact Tsakos Energy Navigation?

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.

This page (NYSE:TNP) was last updated on 1/27/2023 by MarketBeat.com Staff