Tsakos Energy Navigation (TNP) Getting Somewhat Favorable Press Coverage, Report Finds
News articles about Tsakos Energy Navigation (NYSE:TNP) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tsakos Energy Navigation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 45.8029789676823 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Tsakos Energy Navigation Limited (TNP) Smart Insider Ownership of 33.30% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- TEN, Ltd. Announces Date of Third Quarter 2017 Financial Results, Conference Call and Webcast (finance.yahoo.com)
- Tsakos Energy Navigation Ltd (TNP) PT Set at $6.00 by Maxim Group (americanbankingnews.com)
- Reviewing Tsakos Energy Navigation (TNP) and Danaos Corporation (DAC) (americanbankingnews.com)
- Tsakos Energy Navigation Ltd (TNP) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
TNP has been the subject of a number of recent research reports. Maxim Group set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a report on Sunday, October 29th. Jefferies Group LLC restated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a report on Monday, October 16th. Morgan Stanley lowered their price objective 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, September 18th. Finally, Cowen and Company lowered their price objective 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, September 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Tsakos Energy Navigation currently has an average rating of “Buy” and an average target price of $5.75.
Shares of Tsakos Energy Navigation (NYSE TNP) opened at $4.22 on Friday. The firm has a market cap of $342.55, a PE ratio of 20.62, a PEG ratio of 1.82 and a beta of 1.61. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. Tsakos Energy Navigation has a 1 year low of $4.05 and a 1 year high of $5.28.
Tsakos Energy Navigation (NYSE:TNP) last released its 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 during the quarter, compared to analysts’ expectations of $108.51 million. Tsakos Energy Navigation had a return on equity of 2.39% and a net margin of 6.86%. research analysts anticipate that Tsakos Energy Navigation will post 0.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, November 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend was Wednesday, November 8th. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 100.00%.
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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