Tsakos Energy Navigation Ltd (NYSE:TNP) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 1,196,542 shares, a decrease of 30.4% from the August 31st total of 1,719,641 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 280,271 shares, the short-interest ratio is currently 4.3 days.

A number of equities analysts recently issued reports on TNP shares. Maxim Group reissued a “buy” rating and issued a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, September 18th. BidaskClub raised shares of Tsakos Energy Navigation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Morgan Stanley decreased their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, September 18th. Wells Fargo & Company downgraded shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Tsakos Energy Navigation currently has a consensus rating of “Buy” and a consensus price target of $5.57.

Tsakos Energy Navigation (TNP) opened at 4.56 on Friday. The firm’s 50 day moving average is $4.50 and its 200-day moving average is $4.63. The company has a market cap of $384.73 million, a P/E ratio of 23.15 and a beta of 1.70. Tsakos Energy Navigation has a 52 week low of $3.92 and a 52 week high of $5.28.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.08). Tsakos Energy Navigation had a net margin of 6.86% and a return on equity of 2.48%. The business had revenue of $104.06 million during the quarter, compared to the consensus estimate of $108.51 million. On average, analysts predict that Tsakos Energy Navigation will post $0.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, November 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 4.39%. Tsakos Energy Navigation’s dividend payout ratio is currently 95.24%.

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in shares of Tsakos Energy Navigation by 49.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after purchasing an additional 9,060 shares in the last quarter. KCG Holdings Inc. raised its holdings in shares of Tsakos Energy Navigation by 74.6% in the 1st quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 13,473 shares in the last quarter. Creative Planning raised its holdings in shares of Tsakos Energy Navigation by 59.1% in the 2nd quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock valued at $202,000 after purchasing an additional 15,660 shares in the last quarter. WFG Advisors LP raised its holdings in shares of Tsakos Energy Navigation by 0.3% in the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 156 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its holdings in shares of Tsakos Energy Navigation by 65.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after purchasing an additional 20,577 shares in the last quarter. Institutional investors and hedge funds own 25.98% of the company’s stock.

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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.

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