TSAKOS ENERGY N/SH to Issue Dividend of $0.05 (NYSE:TNP)

TSAKOS ENERGY N/SH (NYSE:TNP) announced a dividend on Tuesday, November 26th, Fidelity reports. Investors of record on Thursday, December 12th will be given a dividend of 0.05 per share by the shipping company on Wednesday, December 18th. The ex-dividend date of this dividend is Wednesday, December 11th.

Shares of TNP opened at $3.71 on Monday. The company has a 50 day moving average of $3.58 and a two-hundred day moving average of $3.25. The company has a quick ratio of 1.03, a current ratio of 1.08 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 $4.00. The company has a market cap of $332.46 million, a price-to-earnings ratio of -4.82 and a beta of 1.28.

TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings data on Tuesday, November 26th. The shipping company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09). TSAKOS ENERGY N/SH had a negative net margin of 10.62% and a positive return on equity of 0.33%. The company had revenue of $100.87 million for the quarter, compared to analysts’ expectations of $106.83 million. On average, sell-side analysts expect that TSAKOS ENERGY N/SH will post 0.12 EPS for the current year.

A number of brokerages have commented on TNP. ValuEngine raised TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. TSAKOS ENERGY N/SH presently has a consensus rating of “Hold” and a consensus target price of $4.00.

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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Dividend History for TSAKOS ENERGY N/SH (NYSE:TNP)

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