News stories about TSAKOS ENERGY N/SH (NYSE:TNP) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TSAKOS ENERGY N/SH earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.809681197255 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- TEN Ltd. Announces Exercise of Underwriters’ Over-Allotment Option for Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (finance.yahoo.com)
- TEN Ltd. Declares Dividend on its Series B and Series C Cumulative Redeemable Perpetual Preferred Shares (finance.yahoo.com)
- Analysts Anticipate TSAKOS ENERGY N/SH (TNP) Will Post Quarterly Sales of $99.17 Million (americanbankingnews.com)
- Zacks: Analysts Expect TSAKOS ENERGY N/SH (TNP) to Post -$0.18 Earnings Per Share (americanbankingnews.com)
- Bunker Fuel Prices Rose 5% in Week 26 (finance.yahoo.com)
Several research firms recently commented on TNP. Zacks Investment Research upgraded TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a report on Thursday, June 28th. ValuEngine upgraded TSAKOS ENERGY N/SH from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. reduced their price objective on TSAKOS ENERGY N/SH from $5.50 to $5.00 and set an “overweight” rating for the company in a report on Friday, March 23rd. Finally, Maxim Group reduced their price objective on TSAKOS ENERGY N/SH from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.00.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its earnings results on Friday, June 15th. The shipping company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $98.45 million during the quarter, compared to analysts’ expectations of $98.94 million. TSAKOS ENERGY N/SH had a negative return on equity of 0.60% and a negative net margin of 4.22%. equities analysts forecast that TSAKOS ENERGY N/SH will post -0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 8th. Shareholders of record on Thursday, August 2nd will be given a $0.05 dividend. The ex-dividend date is Wednesday, August 1st. This represents a $0.20 annualized dividend and a yield of 5.70%. TSAKOS ENERGY N/SH’s payout ratio is 83.33%.
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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