$0.03 EPS Expected for TSAKOS ENERGY N/SH (TNP) This Quarter

Brokerages predict that TSAKOS ENERGY N/SH (NYSE:TNP) will report earnings per share (EPS) of $0.03 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for TSAKOS ENERGY N/SH’s earnings. The lowest EPS estimate is ($0.09) and the highest is $0.10. TSAKOS ENERGY N/SH also posted earnings of $0.03 per share during the same quarter last year. The company is expected to issue its next quarterly earnings results on Monday, March 18th.

On average, analysts expect that TSAKOS ENERGY N/SH will report full-year earnings of ($0.65) per share for the current year, with EPS estimates ranging from ($0.77) to ($0.58). For the next year, analysts anticipate that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.65) to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow TSAKOS ENERGY N/SH.

A number of equities analysts have commented on the company. Morgan Stanley downgraded TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a research note on Friday, February 15th. Maxim Group restated a “buy” rating and issued a $4.50 target price on shares of TSAKOS ENERGY N/SH in a research note on Monday, November 19th. Wells Fargo & Co decreased their target price on TSAKOS ENERGY N/SH from $3.20 to $3.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. Finally, JPMorgan Chase & Co. downgraded TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.50.

TNP stock traded down $0.01 during midday trading on Friday, reaching $3.09. The company had a trading volume of 688,053 shares, compared to its average volume of 104,268. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. TSAKOS ENERGY N/SH has a fifty-two week low of $2.56 and a fifty-two week high of $3.99. The company has a market cap of $262.30 million, a P/E ratio of 12.88 and a beta of 1.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthsource Partners LLC raised its holdings 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 last quarter. Virtu Financial LLC raised its holdings 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 last quarter. WealthTrust Axiom LLC raised its holdings in shares of TSAKOS ENERGY N/SH by 6.3% during the fourth quarter. WealthTrust Axiom LLC now owns 424,150 shares of the shipping company’s stock valued at $1,128,000 after buying an additional 25,000 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of TSAKOS ENERGY N/SH by 1.9% during the fourth quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock valued at $1,239,000 after buying an additional 8,798 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its holdings in shares of TSAKOS ENERGY N/SH by 2,961.6% during the fourth quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock valued at $1,604,000 after buying an additional 583,429 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

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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