Tsakos Energy Navigation (TNP) Earns Daily News Sentiment Score of 0.05

Media headlines about Tsakos Energy Navigation (NYSE:TNP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. 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 news sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.3414536350449 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

TNP has been the topic of several recent research reports. Maxim Group set a $6.00 price objective on Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Thursday, November 30th. Stifel Nicolaus set a $6.00 price objective on Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group initiated coverage on Tsakos Energy Navigation in a research report on Monday, December 18th. They set a “buy” rating and a $6.00 price objective on the stock. Morgan Stanley lowered their price objective on Tsakos Energy Navigation from $5.50 to $4.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Finally, ValuEngine cut Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.00.

Shares of TNP stock traded up $0.08 during midday trading on Wednesday, hitting $3.56. The company had a trading volume of 231,819 shares, compared to its average volume of 327,119. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. Tsakos Energy Navigation has a 52 week low of $3.11 and a 52 week high of $5.27. The company has a market capitalization of $303.05, a PE ratio of -19.78, a P/E/G ratio of 6.10 and a beta of 1.37.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Monday, March 12th. The shipping company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. Tsakos Energy Navigation had a return on equity of 1.34% and a net margin of 1.44%. The company had revenue of $106.64 million for the quarter, compared to analysts’ expectations of $110.06 million. research analysts anticipate that Tsakos Energy Navigation will post 0.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Thursday, May 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, May 2nd. Tsakos Energy Navigation’s payout ratio is currently -111.10%.

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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. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.

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