NYSE:TNPTSAKOS ENERGY N/SH Stock Price, Forecast & News

TSAKOS ENERGY N/SH's stock was trading at $12.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TNP stock has decreased by 30.5% and is now trading at $8.93.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TSAKOS ENERGY N/SH in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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TSAKOS ENERGY N/SH is scheduled to release its next quarterly earnings announcement on Friday, September 4th 2020.
View our earnings forecast for TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH (NYSE:TNP) issued its quarterly earnings data on Thursday, June, 11th. The shipping company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $2.05 by $1.45. The shipping company had revenue of $146.19 million for the quarter, compared to analysts' expectations of $155.94 million. TSAKOS ENERGY N/SH had a net margin of 3.99% and a return on equity of 5.66%.
View TSAKOS ENERGY N/SH's earnings history.

TSAKOS ENERGY N/SH announced a quarterly dividend on Friday, June 12th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.375 per share on Friday, June 26th. This represents a $1.50 annualized dividend and a dividend yield of 16.80%. The ex-dividend date of this dividend is Friday, June 19th. This is an increase from TSAKOS ENERGY N/SH's previous quarterly dividend of $0.05.
View TSAKOS ENERGY N/SH's dividend history.

Shares of TSAKOS ENERGY N/SH 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 TSAKOS ENERGY N/SH stock prior to the reverse split would have 20 shares after the split.

1 Wall Street analysts have issued 12-month target prices for TSAKOS ENERGY N/SH's shares. Their forecasts range from $12.50 to $12.50. On average, they expect TSAKOS ENERGY N/SH's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price.
View analysts' price targets for TSAKOS ENERGY N/SH.

Headlines about TNP stock have trended neutral on Tuesday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TSAKOS ENERGY N/SH earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH saw a increase in short interest in February. As of February 15th, there was short interest totaling 368,000 shares, an increase of 44.0% from the January 31st total of 255,500 shares. Based on an average trading volume of 429,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are short sold.
View TSAKOS ENERGY N/SH's Short Interest.

Some companies that are related to TSAKOS ENERGY N/SH include COSTAMARE INC/SH (CMRE), PAC BASIN SHIPP/ADR (PCFBY), Torm (TRMD), Navigator (NVGS), Dorian LPG (LPG), DryShips (DRYS), Genco Shipping & Trading (GNK), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), Diana Shipping (DSX), Ardmore Shipping (ASC), Danaos (DAC) and Safe Bulkers (SB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TSAKOS ENERGY N/SH investors own include Teekay Tankers (TNK), DHT (DHT), Energy Transfer LP Unit (ET), Scorpio Tankers (STNG), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), AT&T (T), Capital Product Partners (CPLP), Frontline (FRO) and Gilead Sciences (GILD).

TSAKOS ENERGY N/SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNP."

TSAKOS ENERGY N/SH's stock is owned by many different institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (14.20%), Foundation Resource Management Inc. (2.49%), WealthTrust Axiom LLC (1.83%), Evermore Global Advisors LLC (1.25%), NEXT Financial Group Inc (0.45%) and Eidelman Virant Capital (0.42%).

TNP stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, WealthTrust Axiom LLC, Russell Investments Group Ltd., Eidelman Virant Capital, and Foundation Resource Management Inc..

TNP stock was acquired by a variety of institutional investors in the last quarter, including NEXT Financial Group Inc, and Cambridge Investment Research Advisors Inc..

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, Robinhood, Fidelity, and Charles Schwab.

One share of TNP stock can currently be purchased for approximately $8.93.

TSAKOS ENERGY N/SH has a market capitalization of $167.71 million and generates $597.45 million in revenue each year. The shipping company earns $15.13 million in net income (profit) each year or ($0.05) on an earnings per share basis.

The official website for TSAKOS ENERGY N/SH is www.tenn.gr.

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]