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 Coronavirus reached pandemic status according to the World Health Organization. Since then, TNP shares have decreased by 25.0% and is now trading at $9.64.
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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.
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TSAKOS ENERGY N/SH (NYSE:TNP) posted its earnings results on Thursday, June, 11th. The shipping company reported $0.60 EPS for the quarter, missing the consensus estimate 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 return on equity of 5.66% and a net margin of 3.99%.
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 given a dividend of $0.375 per share on Friday, June 26th. This represents a $1.50 annualized dividend and a yield of 15.56%. The ex-dividend date of this dividend is Friday, June 19th. This is a positive change 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 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 analysts have issued 1 year price objectives for TSAKOS ENERGY N/SH's shares. Their forecasts range from $12.50 to $12.50. On average, they anticipate TSAKOS ENERGY N/SH's share price to reach $12.50 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
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News coverage about TNP stock has trended somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TSAKOS ENERGY N/SH earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,290,000 shares, an increase of 53.3% from the June 15th total of 841,500 shares. Based on an average trading volume of 265,400 shares, the days-to-cover ratio is currently 4.9 days. Currently, 10.0% of the shares of the stock 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), Eagle Bulk Shipping (EGLE), Overseas Shipholding Group (OSG), 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 shareholders include Russell Investments Group Ltd. (14.20%), FMR LLC (7.79%), RBF Capital LLC (3.21%), Kovitz Investment Group Partners LLC (2.73%), Foundation Resource Management Inc. (2.49%) and WealthTrust Axiom LLC (1.83%).

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 Eidelman Virant Capital.

TNP stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Kovitz Investment Group Partners LLC, NEXT Financial Group Inc, Cambridge Investment Research Advisors Inc., Goldman Sachs Group Inc., Commonwealth Equity Services LLC, and Advisor Group Holdings 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 $9.64.

TSAKOS ENERGY N/SH has a market capitalization of $181.05 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]