Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:TNP
Previous Symbol
CUSIPN/A
Phone30 210 94 07 710
Debt
Debt-to-Equity Ratio0.90
Current Ratio0.98
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio13.50
Forward P/E Ratio-4.84
P/E GrowthN/A
Sales & Book Value
Annual Sales$529.18 million
Price / Sales0.52
Cash Flow$1.8947 per share
Price / Cash Flow1.71
Book Value$17.63 per share
Price / Book0.18
Profitability
EPS (Most Recent Fiscal Year)$0.24
Net Income$7.61 million
Net Margins-9.04%
Return on Equity-2.18%
Return on Assets-0.98%
Miscellaneous
EmployeesN/A
Outstanding Shares84,890,000
Market Cap$279.28 million
OptionableOptionable
TSAKOS ENERGY N/SH (NYSE:TNP) Frequently Asked Questions
What is TSAKOS ENERGY N/SH's stock symbol?
TSAKOS ENERGY N/SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."
How often does TSAKOS ENERGY N/SH pay dividends? What is the dividend yield for TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH announced a quarterly dividend on Friday, September 7th. Investors of record on Friday, November 30th will be paid a dividend of $0.05 per share on Thursday, December 6th. This represents a $0.20 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Thursday, November 29th. View TSAKOS ENERGY N/SH's Dividend History.
How were TSAKOS ENERGY N/SH's earnings last quarter?
TSAKOS ENERGY N/SH (NYSE:TNP) announced its quarterly earnings data on Friday, November, 30th. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.09. The shipping company earned $92.60 million during the quarter, compared to analysts' expectations of $99.89 million. TSAKOS ENERGY N/SH had a negative return on equity of 2.18% and a negative net margin of 9.04%. View TSAKOS ENERGY N/SH's Earnings History.
When is TSAKOS ENERGY N/SH's next earnings date?
What price target have analysts set for TNP?
7 Wall Street analysts have issued twelve-month price targets for TSAKOS ENERGY N/SH's stock. Their forecasts range from $3.00 to $6.00. On average, they expect TSAKOS ENERGY N/SH's share price to reach $4.9286 in the next year. This suggests a possible upside of 52.1% from the stock's current price. View Analyst Price Targets for TSAKOS ENERGY N/SH.
What is the consensus analysts' recommendation for TSAKOS ENERGY N/SH?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TSAKOS ENERGY N/SH in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TSAKOS ENERGY N/SH.
What are Wall Street analysts saying about TSAKOS ENERGY N/SH stock?
Here are some recent quotes from research analysts about TSAKOS ENERGY N/SH stock:
- 1. Maxim Group analysts commented, "Ahead of 3Q18 results, we are lowering our estimates as the tanker sector was unable to pull away from the lack of cargoes and oversupply of vessels." (11/19/2018)
- 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. " (8/22/2018)
Has TSAKOS ENERGY N/SH been receiving favorable news coverage?
News articles about TNP stock have been trending neutral this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. TSAKOS ENERGY N/SH earned a coverage optimism score of 0.3 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next several days.
Who are some of TSAKOS ENERGY N/SH's key competitors?
Some companies that are related to TSAKOS ENERGY N/SH include Frontline (FRO), Scorpio Tankers (STNG), Pac BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Navigator (NVGS), Star Bulk Carriers (SBLK), DHT (DHT), COSTAMARE INC/SH (CMRE), DryShips (DRYS), Scorpio Bulkers (SALT), Teekay (TK), Diana Shipping (DSX), Dorian LPG (LPG), Eagle Bulk Shipping (EGLE) and Genco Shipping & Trading (GNK).
Who are TSAKOS ENERGY N/SH's key executives?
TSAKOS ENERGY N/SH's management team includes the folowing people:
- Mr. Nikolas P. Tsakos, Founder, CEO, Pres & Exec. Director (Age 55)
- Mr. Michael Gordon Jolliffe, Co-Founder & Vice Chairman (Age 68)
- Captain Panagiotis Tsakos, Owner
- Mr. Paul Durham, CFO & Chief Accounting Officer (Age 67)
- Mr. George V. Saroglou, COO, VP & Exec. Director (Age 53)
Who are TSAKOS ENERGY N/SH's major shareholders?
TSAKOS ENERGY N/SH's stock is owned by a number of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (2.61%), Russell Investments Group Ltd. (2.18%), Mirae Asset Global Investments Co. Ltd. (1.40%), LSV Asset Management (0.70%) and WealthTrust Axiom LLC (0.47%).
Which major investors are selling TSAKOS ENERGY N/SH stock?
TNP stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management and Russell Investments Group Ltd..
Which major investors are buying TSAKOS ENERGY N/SH stock?
TNP stock was purchased by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., WealthTrust Axiom LLC and Renaissance Technologies LLC.
How do I buy shares of TSAKOS ENERGY N/SH?
Shares of TNP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TSAKOS ENERGY N/SH's stock price today?
One share of TNP stock can currently be purchased for approximately $3.24.
How big of a company is TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH has a market capitalization of $279.28 million and generates $529.18 million in revenue each year. The shipping company earns $7.61 million in net income (profit) each year or $0.24 on an earnings per share basis.
What is TSAKOS ENERGY N/SH's official website?
How can I contact TSAKOS ENERGY N/SH?
TSAKOS ENERGY N/SH's mailing address is 367 SYNGROU AVENUE, ATHENS J3, 17564. The shipping company can be reached via phone at 30 210 94 07 710 or via email at [email protected]
MarketBeat Community Rating for TSAKOS ENERGY N/SH (NYSE TNP)
MarketBeat's community ratings are surveys of what our community members think about TSAKOS ENERGY N/SH and other stocks. Vote "Outperform" if you believe TNP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNP will underperform the S&P 500 over the long term. You may vote once every thirty days.
