TSAKOS ENERGY N/SH (NYSE:TNP) posted its quarterly earnings results on Friday, March 29th. The shipping company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.12), Morningstar.com reports. The business had revenue of $118.97 million during the quarter, compared to analyst estimates of $121.61 million. TSAKOS ENERGY N/SH had a negative net margin of 18.72% and a negative return on equity of 2.16%.
Shares of TNP stock remained flat at $$3.38 during trading hours on Friday. 40,110 shares of the stock were exchanged, compared to its average volume of 113,519. TSAKOS ENERGY N/SH has a twelve month low of $2.56 and a twelve month high of $3.99. The firm has a market capitalization of $296.10 million, a price-to-earnings ratio of -4.39 and a beta of 1.43.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.92%. TSAKOS ENERGY N/SH’s dividend payout ratio is currently -25.97%.
A number of research analysts have issued reports on TNP shares. JPMorgan Chase & Co. lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 23rd. Morgan Stanley lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a research note on Friday, February 15th. Zacks Investment Research raised shares of TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of TSAKOS ENERGY N/SH in a research note on Friday, March 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.38.
About TSAKOS ENERGY N/SH
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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