Shares of TSAKOS ENERGY N/SH (NYSE:TNP) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.83.
TNP has been the topic of a number of recent analyst reports. Seaport Global Securities reiterated a “buy” rating on shares of TSAKOS ENERGY N/SH in a research note on Friday, March 29th. Zacks Investment Research upgraded TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley lowered TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. lowered TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 23rd.
NYSE:TNP opened at $3.31 on Monday. TSAKOS ENERGY N/SH has a fifty-two week low of $2.56 and a fifty-two week high of $3.99. The firm has a market cap of $288.22 million, a P/E ratio of -4.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.25.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 24th will be paid a $0.05 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 6.04%. TSAKOS ENERGY N/SH’s payout ratio is -12.99%.
Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in TSAKOS ENERGY N/SH in the first quarter worth $25,000. Wealthsource Partners LLC increased its stake in shares of TSAKOS ENERGY N/SH by 36.7% during the fourth quarter. Wealthsource Partners LLC now owns 15,234 shares of the shipping company’s stock valued at $41,000 after buying an additional 4,092 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of TSAKOS ENERGY N/SH by 44.9% during the first quarter. Envestnet Asset Management Inc. now owns 16,992 shares of the shipping company’s stock valued at $53,000 after buying an additional 5,267 shares during the period. Stephens Inc. AR increased its stake in shares of TSAKOS ENERGY N/SH by 43.3% during the first quarter. Stephens Inc. AR now owns 32,348 shares of the shipping company’s stock valued at $100,000 after buying an additional 9,778 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of TSAKOS ENERGY N/SH by 95.1% during the fourth quarter. Virtu Financial LLC now owns 39,525 shares of the shipping company’s stock valued at $105,000 after buying an additional 19,263 shares during the period. Institutional investors and hedge funds own 22.43% of the company’s stock.
TSAKOS ENERGY N/SH 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 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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