Tsakos Energy Navigation (NYSE:TNP) announced its quarterly earnings results on Monday. The shipping company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07, Morningstar.com reports. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%.
Shares of Tsakos Energy Navigation (TNP) opened at $3.39 on Monday. Tsakos Energy Navigation has a 52 week low of $3.11 and a 52 week high of $5.27. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. The stock has a market cap of $289.46, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 3.10 and a beta of 1.37.
A number of analysts recently commented on the stock. Maxim Group set a $6.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Thursday, November 30th. Stifel Nicolaus set a $6.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Wednesday, January 24th. ValuEngine cut shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Finally, Jefferies Group assumed coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 18th. They set a “buy” rating and a $6.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.14.
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About Tsakos Energy Navigation
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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