TSAKOS ENERGY N/SH (TNP) Posts Earnings Results, Beats Estimates By $0.01 EPS

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TSAKOS ENERGY N/SH (NYSE:TNP) posted its quarterly earnings results on Friday. The shipping company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01, MarketWatch Earnings reports. TSAKOS ENERGY N/SH had a negative net margin of 4.22% and a negative return on equity of 0.60%.

NYSE:TNP opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.60 and a current ratio of 0.65. TSAKOS ENERGY N/SH has a fifty-two week low of $3.11 and a fifty-two week high of $4.86. The firm has a market cap of $278.43 million, a PE ratio of 14.79 and a beta of 1.07.

A number of research firms have recently weighed in on TNP. Zacks Investment Research raised shares of TSAKOS ENERGY N/SH from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 28th. Seaport Global Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of TSAKOS ENERGY N/SH in a research note on Friday, July 27th. Finally, ValuEngine raised shares of TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $5.43.

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

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