Tsakos Energy Navigation (TNP) Receiving Somewhat Favorable Press Coverage, Study Finds
Headlines about Tsakos Energy Navigation (NYSE:TNP) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tsakos Energy Navigation earned a news impact score of 0.08 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.9928226445748 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Morgan Stanley Trims Tsakos Energy Navigation Ltd (TNP) Target Price to $5.50 (americanbankingnews.com)
- Tsakos Energy Navigation Ltd (NYSE:TNP) reported earnings of ($0.03) per share missing Walls Streets expectations. (4-traders.com)
- Tsakos Energy Navigation : Hesitates on Q2 Numbers (4-traders.com)
- Tsakos Energy Navigation Limited 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- Edited Transcript of TNP earnings conference call or presentation 15-Sep-17 2:00pm GMT (finance.yahoo.com)
Shares of Tsakos Energy Navigation (NYSE TNP) traded up 0.22% on Monday, hitting $4.46. 354,826 shares of the company traded hands. Tsakos Energy Navigation has a 12 month low of $3.92 and a 12 month high of $5.28. The company has a market capitalization of $374.49 million, a PE ratio of 11.77 and a beta of 1.69. The stock’s 50-day moving average price is $4.58 and its 200-day moving average price is $4.63.
Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). The business had revenue of $104.06 million for the quarter, compared to analyst estimates of $108.51 million. Tsakos Energy Navigation had a return on equity of 2.48% and a net margin of 6.86%. On average, equities analysts predict that Tsakos Energy Navigation will post $0.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, November 8th. Tsakos Energy Navigation’s dividend payout ratio is currently 95.24%.
Several research analysts recently issued reports on the stock. Cowen and Company reduced their target price on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday. Jefferies Group LLC reissued a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a report on Tuesday, September 12th. Wells Fargo & Company cut 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 report on Wednesday, August 2nd. BidaskClub cut shares of Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Morgan Stanley reduced their target price on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.71.
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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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