Stocks of Tsakos Energy Navigation Limited (NYSE:TNP) traded higher last session on Wall Street, down -17.57% to $17.97.
According to the data, Tsakos Energy Navigation Limited (NYSE:TNP) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $30.00, we find $30.00. Given the previous closing price of $21.80, this indicates a potential upside of 37.61 percent. TNP stock price is now -8.41% away from the 50-day moving average and 12.05% away from the 200-day moving average. The market capitalization of the company currently stands at $517.00M.
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A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $30.00 as their price target over the next twelve months.
With the price target enhanced from $12 to $25, Jefferies Upgraded its rating from Hold to Buy for Tsakos Energy Navigation Limited (NYSE: TNP). On July 21, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $12, while ‘H.C. Wainwright’ rates the stock as ‘Buy’.
A total of 33.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TNP stock. A new stake in Tsakos Energy Navigation Limited shares was purchased by DORSEY WRIGHT & ASSOCIATES during the first quarter worth $2,663,000. ALPHA DNA INVESTMENT MANAGEMENT LLC invested $1,073,000 in shares of TNP during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Tsakos Energy Navigation Limited valued at approximately $922,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in TNP for approximately $822,000. ENVESTNET ASSET MANAGEMENT INC purchased a new stake in TNP valued at around $750,000 in the second quarter. In total, there are 78 active investors with 18.70% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $21.73 for Tsakos Energy Navigation Limited (NYSE: TNP). During the past 12 months, Tsakos Energy Navigation Limited has had a low of $8.01 and a high of $24.78. The fifty day moving average price for TNP is $19.62 and a two-hundred day moving average price translates $16.04 for the stock.
The latest earnings results from Tsakos Energy Navigation Limited (NYSE: TNP) was released for Sep, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $1.48, missing analysts’ expectations of $2.19 by -0.71. This compares to -$1.22 EPS in the same period last year. The net profit margin was 10.00% and return on equity was 5.50% for TNP. The company reported revenue of $223.74 million for the quarter, compared to $131.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 70.07 percent. For the current quarter, analysts expect TNP to generate $246.31M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/20/2022. Investors who held shares on 12/14/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.30 dividend and a 1.67% percent yield. There was an ex-dividend date of 12/13/2022 for this dividend.
Tsakos Energy Navigation Limited(TNP) 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 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
