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Tsakos Energy Navigation - TNP Stock Forecast, Price & News

$14.07
-0.18 (-1.26%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.89
$14.47
50-Day Range
$8.76
$14.25
52-Week Range
$6.75
$15.34
Volume
187,511 shs
Average Volume
224,051 shs
Market Capitalization
$256.02 million
P/E Ratio
N/A
Dividend Yield
2.81%
Price Target
$15.00

Tsakos Energy Navigation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.6% Upside
$15.00 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-13.54%
From $4.43 to $3.83 Per Share

Overall MarketRank

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

1.46 out of 5 stars

Transportation Sector

114th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

27th out of 29 stocks

TNP stock logo

About Tsakos Energy Navigation (NYSE:TNP) Stock

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 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three 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 incorporated in 1993 and is based in Athens, Greece.

Tsakos Energy Navigation Price Performance

TNP Stock traded down $0.21 during midday trading on Friday, hitting $14.04. The stock had a trading volume of 1,972 shares, compared to its average volume of 191,678. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. Tsakos Energy Navigation has a 12-month low of $6.75 and a 12-month high of $15.34. The company's 50-day moving average price is $10.56 and its 200 day moving average price is $9.98.

Tsakos Energy Navigation (NYSE:TNP - Get Rating) last released its earnings results on Thursday, June 30th. The shipping company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.09. The firm had revenue of $101.50 million during the quarter, compared to analysts' expectations of $117.71 million. Tsakos Energy Navigation had a negative net margin of 25.33% and a negative return on equity of 3.72%. During the same period in the previous year, the company earned ($0.80) EPS. Analysts anticipate that Tsakos Energy Navigation will post 4.43 earnings per share for the current fiscal year.

Tsakos Energy Navigation Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Thursday, July 14th were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.85%. Tsakos Energy Navigation's dividend payout ratio (DPR) is presently -4.77%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TNP shares. HC Wainwright reissued a "buy" rating and set a $18.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, April 18th. Jefferies Financial Group started coverage on shares of Tsakos Energy Navigation in a research note on Wednesday, July 20th. They set a "hold" rating and a $12.00 price objective for the company. Finally, StockNews.com raised shares of Tsakos Energy Navigation from a "sell" rating to a "hold" rating in a research note on Friday, July 1st.

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TNP Stock News Headlines

Will Tsakos (TNP) Gain on Rising Earnings Estimates?
Best Momentum Stocks to Buy for July 6th
Tsakos Energy Navigation FQ1 2022 Earnings Preview
Tsakos Energy Navigation declares $0.10 dividend
Tsakos Energy Navigation's Earnings Outlook
Tsakos Energy Navigation Q4 2021 Earnings Preview
TNP_pd Technical Analysis
See More Headlines
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TNP Company Calendar

Last Earnings
6/30/2022
Ex-Dividend for 7/20 Dividend
7/13/2022
Dividend Payable
7/20/2022
Today
8/12/2022
Next Earnings (Estimated)
10/06/2022
Fiscal Year End
12/31/2022

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
$15.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-151,400,000.00
Pretax Margin
-27.57%

Debt

Sales & Book Value

Annual Sales
$546.12 million
Cash Flow
$4.99 per share
Book Value
$70.14 per share

Miscellaneous

Free Float
18,014,000
Market Cap
$256.02 million
Optionable
Optionable
Beta
0.17

Key Executives

  • Mr. Nikolas P. Tsakos (Age 59)
    Founder, CEO, Pres & Exec. Director
  • Mr. Michael Gordon Jolliffe (Age 72)
    Co-Founder & Vice Chairman
  • Mr. Paul Durham (Age 71)
    CFO & Chief Accounting Officer
  • Mr. George V. Saroglou (Age 57)
    COO, VP & Exec. Director
  • Harrys Kosmatos
    Corp. Devel. Officer
  • Mr. Vasileios Papageorgiou (Age 75)
    Chief Marine 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 twelve months. There are currently 1 hold rating and 1 buy rating 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 2022?

2 analysts have issued 1-year target prices for Tsakos Energy Navigation's stock. Their TNP share price forecasts range from $12.00 to $18.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 6.6% 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 2022?

Tsakos Energy Navigation's stock was trading at $7.24 at the beginning of 2022. Since then, TNP shares have increased by 94.3% and is now trading at $14.07.
View the best growth stocks for 2022 here
.

When is Tsakos Energy Navigation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 6th 2022.
View our TNP earnings forecast
.

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) released its quarterly earnings results on Thursday, June, 30th. The shipping company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. The shipping company earned $101.50 million during the quarter, compared to the consensus estimate of $117.71 million. Tsakos Energy Navigation had a negative net margin of 25.33% and a negative trailing twelve-month return on equity of 3.72%. During the same quarter last year, the firm earned ($0.80) EPS.

How often does Tsakos Energy Navigation pay dividends? What is the dividend yield for Tsakos Energy Navigation?

Tsakos Energy Navigation declared a quarterly dividend on Thursday, June 30th. Investors of record on Thursday, July 14th will be paid a dividend of $0.10 per share on Wednesday, July 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, July 13th.
Read our dividend analysis for TNP
.

Is Tsakos Energy Navigation a good dividend stock?

Tsakos Energy Navigation (NYSE:TNP) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.81%.
Read our dividend analysis for TNP.

When did Tsakos Energy Navigation's stock split?

Tsakos Energy Navigation's stock reverse split 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 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.

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 Russell Investments Group Ltd. (1.84%), Foundation Resource Management Inc. (1.69%), Credit Suisse AG (0.38%), Group One Trading L.P. (0.00%), Vontobel Holding Ltd. (0.11%) and Walleye Capital LLC (0.09%).

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 $14.07.

How much money does Tsakos Energy Navigation make?

Tsakos Energy Navigation (NYSE:TNP) has a market capitalization of $256.02 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 ($8.38) 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 8/12/2022 by MarketBeat.com Staff

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