TSAKOS ENERGY N/SH (NYSE:TNP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 199,500 shares, an increase of 17.1% from the December 15th total of 170,300 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 407,900 shares, the days-to-cover ratio is currently 0.5 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNP. Commonwealth Equity Services LLC acquired a new position in shares of TSAKOS ENERGY N/SH in the third quarter worth $38,000. Cubist Systematic Strategies LLC purchased a new stake in shares of TSAKOS ENERGY N/SH in the second quarter valued at $45,000. Squarepoint Ops LLC purchased a new stake in shares of TSAKOS ENERGY N/SH in the third quarter valued at $50,000. Wolverine Trading LLC grew its position in shares of TSAKOS ENERGY N/SH by 49.4% in the second quarter. Wolverine Trading LLC now owns 17,945 shares of the shipping company’s stock valued at $59,000 after purchasing an additional 5,931 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of TSAKOS ENERGY N/SH in the second quarter valued at $69,000. 24.23% of the stock is owned by institutional investors.

Shares of NYSE TNP traded down $0.12 during trading on Tuesday, reaching $4.13. The company had a trading volume of 326,115 shares, compared to its average volume of 508,878. TSAKOS ENERGY N/SH has a twelve month low of $2.73 and a twelve month high of $4.66. The stock has a market capitalization of $380.84 million, a PE ratio of -5.36 and a beta of 1.34. The stock has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $3.44. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94.

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

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Thursday, December 12th were issued a $0.05 dividend. The ex-dividend date was Wednesday, December 11th. TSAKOS ENERGY N/SH’s dividend payout ratio (DPR) is -12.99%.

TNP has been the subject of several research reports. ValuEngine cut TSAKOS ENERGY N/SH from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. TheStreet raised TSAKOS ENERGY N/SH from a “d+” rating to a “c” rating in a report on Wednesday, December 11th. Finally, Zacks Investment Research cut TSAKOS ENERGY N/SH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average 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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