Separately, Zacks Investment Research raised shares of TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.83.
Shares of TSAKOS ENERGY N/SH stock opened at $3.38 on Thursday. The firm has a market capitalization of $310.05 million, a PE ratio of -4.39 and a beta of 1.30. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $3.42 and its 200 day moving average is $3.22. TSAKOS ENERGY N/SH has a 1 year low of $2.56 and a 1 year high of $4.00.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings results on Friday, September 6th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $108.83 million for the quarter, compared to the consensus estimate of $99.61 million. TSAKOS ENERGY N/SH had a negative net margin of 11.59% and a negative return on equity of 0.02%. As a group, research analysts anticipate that TSAKOS ENERGY N/SH will post 0.49 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of TNP. Commonwealth Equity Services LLC bought a new stake in TSAKOS ENERGY N/SH during the 3rd quarter worth approximately $38,000. Cubist Systematic Strategies LLC bought a new stake in TSAKOS ENERGY N/SH during the 2nd quarter worth approximately $45,000. Wolverine Trading LLC grew its holdings in TSAKOS ENERGY N/SH by 49.4% during the 2nd quarter. Wolverine Trading LLC now owns 17,945 shares of the shipping company’s stock worth $59,000 after acquiring an additional 5,931 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in TSAKOS ENERGY N/SH during the 2nd quarter worth approximately $69,000. Finally, Envestnet Asset Management Inc. grew its holdings in TSAKOS ENERGY N/SH by 42.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock worth $79,000 after acquiring an additional 7,159 shares during the last quarter. 22.05% of the stock is currently owned by hedge funds and other institutional investors.
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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