Brokerages expect TSAKOS ENERGY N/SH (NYSE:TNP) to announce earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for TSAKOS ENERGY N/SH’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.10). TSAKOS ENERGY N/SH reported earnings of $0.03 per share in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings report on Monday, March 11th.

On average, analysts expect that TSAKOS ENERGY N/SH will report full-year earnings of ($0.66) per share for the current fiscal year, with EPS estimates ranging from ($0.78) to ($0.58). For the next year, analysts anticipate that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.65) to $0.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow TSAKOS ENERGY N/SH.

TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings results on Friday, November 30th. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.09). The company had revenue of $92.60 million for the quarter, compared to analyst estimates of $99.89 million. TSAKOS ENERGY N/SH had a negative return on equity of 2.18% and a negative net margin of 9.04%.

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

A number of institutional investors have recently modified their holdings of TNP. Wealthsource Partners LLC grew its holdings in TSAKOS ENERGY N/SH by 36.7% during the 4th quarter. Wealthsource Partners LLC now owns 15,234 shares of the shipping company’s stock worth $41,000 after acquiring an additional 4,092 shares during the period. Virtu Financial LLC grew its holdings in TSAKOS ENERGY N/SH by 95.1% during the 4th quarter. Virtu Financial LLC now owns 39,525 shares of the shipping company’s stock worth $105,000 after acquiring an additional 19,263 shares during the period. WealthTrust Axiom LLC grew its holdings in TSAKOS ENERGY N/SH by 6.3% during the 4th quarter. WealthTrust Axiom LLC now owns 424,150 shares of the shipping company’s stock worth $1,128,000 after acquiring an additional 25,000 shares during the period. California Public Employees Retirement System grew its holdings in TSAKOS ENERGY N/SH by 1.9% during the 4th quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock worth $1,239,000 after acquiring an additional 8,798 shares during the period. Finally, Camarda Financial Advisors LLC grew its holdings in TSAKOS ENERGY N/SH by 2,961.6% during the 4th quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock worth $1,604,000 after acquiring an additional 583,429 shares during the period. Hedge funds and other institutional investors own 23.47% of the company’s stock.

Shares of NYSE:TNP traded down $0.06 during trading on Wednesday, hitting $3.40. 85,835 shares of the company were exchanged, compared to its average volume of 107,001. The company has a market capitalization of $288.62 million, a PE ratio of 14.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.94 and a current ratio of 0.98. TSAKOS ENERGY N/SH has a 1-year low of $2.56 and a 1-year high of $3.99.

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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