Equities analysts forecast that TSAKOS ENERGY N/SH (NYSE:TNP) will announce earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TSAKOS ENERGY N/SH’s earnings. The lowest EPS estimate is ($0.08) and the highest is $0.17. TSAKOS ENERGY N/SH reported earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 109.5%. The company is scheduled to report its next quarterly earnings report on Friday, June 21st.
According to Zacks, analysts expect that TSAKOS ENERGY N/SH will report full-year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to $0.45. For the next year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from ($0.13) to $0.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow TSAKOS ENERGY N/SH.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its earnings results on Friday, March 29th. The shipping company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). The business had revenue of $118.97 million for the quarter, compared to the consensus estimate of $121.61 million. TSAKOS ENERGY N/SH had a negative net margin of 18.72% and a negative return on equity of 2.17%.
TNP has been the subject of several recent research reports. JPMorgan Chase & Co. cut TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 23rd. Morgan Stanley cut TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a report on Friday, February 15th. Zacks Investment Research raised TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of TSAKOS ENERGY N/SH in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.38.
TSAKOS ENERGY N/SH stock traded up $0.08 during trading hours on Wednesday, hitting $3.33. The stock had a trading volume of 220,900 shares, compared to its average volume of 100,937. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.96. The stock has a market cap of $285.61 million, a price-to-earnings ratio of -4.32 and a beta of 1.42. TSAKOS ENERGY N/SH has a fifty-two week low of $2.56 and a fifty-two week high of $3.99.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 24th will be issued a $0.05 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.20 annualized dividend and a yield of 6.01%. TSAKOS ENERGY N/SH’s dividend payout ratio (DPR) is -12.99%.
A number of institutional investors have recently bought and sold shares of TNP. Morgan Stanley boosted its stake in TSAKOS ENERGY N/SH by 48.9% during the first quarter. Morgan Stanley now owns 142,721 shares of the shipping company’s stock worth $442,000 after acquiring an additional 46,853 shares in the last quarter. SEI Investments Co bought a new stake in TSAKOS ENERGY N/SH during the first quarter worth about $312,000. Renaissance Technologies LLC boosted its stake in TSAKOS ENERGY N/SH by 3.2% during the first quarter. Renaissance Technologies LLC now owns 2,422,400 shares of the shipping company’s stock worth $7,509,000 after acquiring an additional 75,600 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in TSAKOS ENERGY N/SH by 44.9% during the first quarter. Envestnet Asset Management Inc. now owns 16,992 shares of the shipping company’s stock worth $53,000 after acquiring an additional 5,267 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in TSAKOS ENERGY N/SH by 6.5% during the first quarter. Wells Fargo & Company MN now owns 65,093 shares of the shipping company’s stock worth $202,000 after acquiring an additional 3,979 shares in the last quarter. 22.43% of the stock is owned by hedge funds and other institutional investors.
TSAKOS ENERGY N/SH Company Profile
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.
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