TSAKOS ENERGY N/SH Stock Forecast, Price & News

TSAKOS ENERGY N/SH's stock was trading at $12.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TNP shares have decreased by 31.4% and is now trading at $8.81.
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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 Wednesday, September 23rd 2020.
View our earnings forecast for TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH will be holding an earnings conference call on Wednesday, September 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

TSAKOS ENERGY N/SH (NYSE:TNP) issued its earnings results on Thursday, June, 11th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.05 by $1.45. The shipping company earned $146.19 million during the quarter, compared to the consensus estimate 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. Investors 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 yield of 17.03%. 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.

TSAKOS ENERGY N/SH'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 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 brokerages have issued 1-year price targets 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 stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price.
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TSAKOS ENERGY N/SH saw a increase in short interest in July. As of July 31st, there was short interest totaling 599,200 shares, an increase of 42.9% from the July 15th total of 419,400 shares. Based on an average daily volume of 194,900 shares, the short-interest ratio is presently 3.1 days. Approximately 4.7% 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 PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Torm (TRMD), Navigator (NVGS), DryShips (DRYS), Dorian LPG (LPG), Genco Shipping & Trading (GNK), Eagle Bulk Shipping (EGLE), Teekay (TK), Overseas Shipholding Group (OSG), Danaos (DAC), Scorpio Bulkers (SALT), Diana Shipping (DSX), Capital Product Partners (CPLP) and Pangaea Logistics Solutions (PANL).
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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), Energy Transfer LP Unit (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 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 retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (14.20%), FMR LLC (7.79%), FMR LLC (7.79%), RBF Capital LLC (3.21%), Kovitz Investment Group Partners LLC (2.73%) and Foundation Resource Management Inc. (2.49%).

TNP stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, AJO LP, WealthTrust Axiom LLC, Russell Investments Group Ltd., California Public Employees Retirement System, RBF Capital LLC, Stifel Financial Corp, and Sei Investments Co..

TNP stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Engineers Gate Manager LP, Kovitz Investment Group Partners LLC, NEXT Financial Group Inc, Cambridge Investment Research Advisors Inc., Goldman Sachs Group Inc., and Wealthsource Partners LLC.

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 $8.81.

TSAKOS ENERGY N/SH has a market capitalization of $165.46 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]