Tsakos Energy Navigation (TNP) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Tsakos Energy Navigation (NYSE:TNP) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other brokerages have also recently weighed in on TNP. Stifel Nicolaus set a $7.00 price target on shares of Tsakos Energy Navigation and gave the company a buy rating in a research report on Sunday, October 29th. Maxim Group reaffirmed a buy rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research report on Monday, September 18th. Jefferies Group reaffirmed a buy rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research report on Monday, October 16th. BidaskClub raised shares of Tsakos Energy Navigation from a strong sell rating to a sell rating in a research report on Friday, August 25th. Finally, Morgan Stanley reduced their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an overweight rating on the stock in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $5.50.

Tsakos Energy Navigation (NYSE:TNP) opened at $3.99 on Tuesday. The firm has a market cap of $334.45, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 6.16 and a beta of 1.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03. Tsakos Energy Navigation has a 12-month low of $3.82 and a 12-month high of $5.27.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The business had revenue of $96.92 million for the quarter, compared to analyst estimates of $101.62 million. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. equities research analysts predict that Tsakos Energy Navigation will post 0.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.01%. Tsakos Energy Navigation’s payout ratio is currently 181.82%.

Several hedge funds and other institutional investors have recently bought and sold shares of TNP. Ameriprise Financial Inc. lifted its position in shares of Tsakos Energy Navigation by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after purchasing an additional 2,104 shares in the last quarter. WFG Advisors LP lifted its position in shares of Tsakos Energy Navigation by 0.3% during the second quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after purchasing an additional 156 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Tsakos Energy Navigation by 65.2% during the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after purchasing an additional 20,577 shares in the last quarter. State Street Corp lifted its position in shares of Tsakos Energy Navigation by 15.7% during the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock worth $538,000 after purchasing an additional 15,231 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Tsakos Energy Navigation by 1.2% during the second quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock worth $1,030,000 after purchasing an additional 2,500 shares in the last quarter. 26.08% of the stock is currently owned by institutional investors and hedge funds.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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