Equities analysts predict that TSAKOS ENERGY N/SH (NYSE:TNP) will report $108.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TSAKOS ENERGY N/SH’s earnings, with estimates ranging from $100.89 million to $117.02 million. TSAKOS ENERGY N/SH posted sales of $92.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The company is scheduled to announce its next earnings report on Friday, November 29th.
According to Zacks, analysts expect that TSAKOS ENERGY N/SH will report full year sales of $461.66 million for the current year, with estimates ranging from $435.64 million to $487.67 million. For the next financial year, analysts anticipate that the firm will report sales of $555.04 million, with estimates ranging from $549.89 million to $560.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TSAKOS ENERGY N/SH.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings data on Friday, September 6th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). The company had revenue of $108.83 million for the quarter, compared to analyst estimates of $99.61 million. TSAKOS ENERGY N/SH had a negative return on equity of 0.02% and a negative net margin of 11.59%.
A number of hedge funds have recently made changes to their positions in the business. Foundation Resource Management Inc. grew its holdings in TSAKOS ENERGY N/SH by 0.9% during the 2nd quarter. Foundation Resource Management Inc. now owns 480,816 shares of the shipping company’s stock worth $1,582,000 after acquiring an additional 4,339 shares in the last quarter. Wolverine Trading LLC boosted its holdings in shares of TSAKOS ENERGY N/SH by 49.4% in the 2nd quarter. Wolverine Trading LLC now owns 17,945 shares of the shipping company’s stock valued at $59,000 after buying an additional 5,931 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of TSAKOS ENERGY N/SH by 42.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock valued at $79,000 after buying an additional 7,159 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of TSAKOS ENERGY N/SH in the 2nd quarter valued at about $45,000. Finally, Eaton Vance Management boosted its holdings in shares of TSAKOS ENERGY N/SH by 95.9% in the 2nd quarter. Eaton Vance Management now owns 33,300 shares of the shipping company’s stock valued at $110,000 after buying an additional 16,300 shares during the period. 22.38% of the stock is owned by institutional investors.
TNP stock traded up $0.23 during mid-day trading on Wednesday, hitting $3.08. 478,054 shares of the company were exchanged, compared to its average volume of 131,271. The company has a market capitalization of $269.82 million, a PE ratio of -4.00 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. TSAKOS ENERGY N/SH has a twelve month low of $2.56 and a twelve month high of $3.73. The firm has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $3.14.
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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