Zacks: Analysts Anticipate TSAKOS ENERGY N/SH (NYSE:TNP) Will Announce Earnings of $0.47 Per Share

Equities analysts expect TSAKOS ENERGY N/SH (NYSE:TNP) to announce $0.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TSAKOS ENERGY N/SH’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.55. TSAKOS ENERGY N/SH posted earnings per share of ($0.09) in the same quarter last year, which would suggest a positive year over year growth rate of 622.2%. The business is scheduled to announce its next earnings results on Friday, April 3rd.

On average, analysts expect that TSAKOS ENERGY N/SH will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.20. For the next year, analysts anticipate that the company will report earnings of $1.13 per share, with EPS estimates ranging from $1.05 to $1.21. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH (NYSE:TNP) last issued its quarterly earnings data on Tuesday, November 26th. The shipping company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.09). The business had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $106.83 million. TSAKOS ENERGY N/SH had a negative net margin of 10.62% and a positive return on equity of 0.33%.

TNP has been the subject of a number of research reports. ValuEngine upgraded shares of TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TSAKOS ENERGY N/SH has an average rating of “Hold” and an average target price of $4.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of TNP. Envestnet Asset Management Inc. lifted its position in TSAKOS ENERGY N/SH by 42.1% during the second quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 7,159 shares during the period. JPMorgan Chase & Co. grew its stake in TSAKOS ENERGY N/SH by 53.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,432 shares of the shipping company’s stock valued at $364,000 after acquiring an additional 40,080 shares in the last quarter. WealthTrust Axiom LLC grew its stake in TSAKOS ENERGY N/SH by 4.4% during the 2nd quarter. WealthTrust Axiom LLC now owns 434,002 shares of the shipping company’s stock valued at $1,427,000 after acquiring an additional 18,352 shares in the last quarter. Acadian Asset Management LLC grew its stake in TSAKOS ENERGY N/SH by 1,687.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,795 shares of the shipping company’s stock valued at $469,000 after acquiring an additional 134,806 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in TSAKOS ENERGY N/SH by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,612,600 shares of the shipping company’s stock valued at $8,595,000 after acquiring an additional 190,200 shares in the last quarter. Institutional investors own 24.23% of the company’s stock.

Shares of NYSE:TNP traded up $0.04 on Friday, hitting $3.70. 11,236 shares of the company were exchanged, compared to its average volume of 259,121. TSAKOS ENERGY N/SH has a 1-year low of $2.56 and a 1-year high of $4.00. The stock’s 50 day moving average price is $3.58 and its 200 day moving average price is $3.25. 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 has a market capitalization of $327.97 million, a P/E ratio of -4.80 and a beta of 1.28.

The firm also recently announced a dividend, which will be paid on Wednesday, December 18th. Investors of record on Thursday, December 12th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 11th. TSAKOS ENERGY N/SH’s dividend payout ratio is presently -6.49%.

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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