ValuEngine Upgrades TSAKOS ENERGY N/SH (NYSE:TNP) to “Hold”

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ValuEngine upgraded shares of TSAKOS ENERGY N/SH (NYSE:TNP) from a sell rating to a hold rating in a report issued on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised TSAKOS ENERGY N/SH from a sell rating to a hold rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $4.00.

Shares of TNP stock opened at $3.71 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $3.58 and a two-hundred day moving average price of $3.25. TSAKOS ENERGY N/SH has a 12-month low of $2.56 and a 12-month high of $4.00. The firm has a market cap of $314.54 million, a P/E ratio of -4.82 and a beta of 1.28.

TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings data on Tuesday, November 26th. The shipping company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The firm had revenue of $100.87 million for the quarter, compared to the consensus estimate of $106.83 million. TSAKOS ENERGY N/SH had a negative net margin of 10.62% and a positive return on equity of 0.33%. As a group, research analysts expect that TSAKOS ENERGY N/SH will post 0.12 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Thursday, December 12th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, December 11th. TSAKOS ENERGY N/SH’s dividend payout ratio (DPR) is -6.49%.

Several hedge funds have recently added to or reduced their stakes in TNP. California Public Employees Retirement System lifted its stake in TSAKOS ENERGY N/SH by 5.1% in the third quarter. California Public Employees Retirement System now owns 431,114 shares of the shipping company’s stock worth $1,272,000 after purchasing an additional 21,108 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TSAKOS ENERGY N/SH by 42.1% in the second quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock worth $79,000 after buying an additional 7,159 shares during the period. Susquehanna International Group LLP increased its holdings in shares of TSAKOS ENERGY N/SH by 420.3% in the second quarter. Susquehanna International Group LLP now owns 139,123 shares of the shipping company’s stock worth $458,000 after buying an additional 112,386 shares during the period. WealthTrust Axiom LLC lifted its stake in shares of TSAKOS ENERGY N/SH by 2.4% in the 3rd quarter. WealthTrust Axiom LLC now owns 444,202 shares of the shipping company’s stock valued at $1,310,000 after acquiring an additional 10,200 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of TSAKOS ENERGY N/SH by 9.4% in the 3rd quarter. Stephens Inc. AR now owns 38,302 shares of the shipping company’s stock valued at $113,000 after acquiring an additional 3,278 shares during the last quarter. 24.26% of the stock is currently owned by 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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