$0.05 EPS Expected for Tsakos Energy Navigation Ltd. (TNP)

September 3, 2017 – By Winifred Garcia

Wall Street await Tsakos Energy Navigation Ltd. (NYSE:TNP) to release earnings on September, 8. Analysts forecast EPS of $0.05, down exactly $0.10 or 66.67 % from 2014’s $0.15 EPS. The expected TNP’s profit could reach $4.21 million giving the stock 22.75 P/E in the case that $0.05 earnings per share is reported. After posting $0.16 EPS for the previous quarter, Tsakos Energy Navigation Ltd.’s analysts now forecast -68.75 % negative EPS growth. The stock increased 1.11% or $0.05 on September 1, reaching $4.55. About shares traded. Tsakos Energy Navigation Ltd. (NYSE:TNP) has declined 21.03% since September 3, 2016 and is downtrending. It has underperformed by 37.73% the S&P500.

Tsakos Energy Navigation Ltd. (NYSE:TNP) Ratings Coverage

Among 9 analysts covering Tsakos Energy Navigation Ltd (NYSE:TNP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tsakos Energy Navigation Ltd had 15 analyst reports since January 19, 2016 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 7 report. The rating was reinitiated by Seaport Global on Wednesday, May 4 with “Buy”. The firm has “Hold” rating by Wells Fargo given on Wednesday, August 2. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. The company was maintained on Monday, July 3 by Jefferies. The firm has “Buy” rating given on Tuesday, May 30 by Jefferies. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by JP Morgan with “Overweight” on Thursday, April 7. The firm has “Buy” rating by Maxim Group given on Monday, April 24. The stock has “Buy” rating by Jefferies on Monday, August 7.

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The company has market cap of $383.43 million. The Firm operates through maritime transportation of liquid energy related products segment. It has a 12.03 P/E ratio. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

More notable recent Tsakos Energy Navigation Ltd. (NYSE:TNP) news were published by: Hellenicshippingnews.com which released: “Tsakos Energy Navigation Ltd (TNP) Receives Buy Rating From Clarkson Capital” on January 12, 2017, also Zacks.com with their article: “Tsakos Energy Navigation: Should Value Investors Pick TNP Stock?” published on May 26, 2017, Seekingalpha.com published: “Tsakos Energy Navigation – We’re Adding This 7% Yielder To All Our Portfolios” on August 24, 2017. More interesting news about Tsakos Energy Navigation Ltd. (NYSE:TNP) were released by: Seekingalpha.com and their article: “Tsakos Energy Navigation Could Double In Value” published on March 31, 2016 as well as Seekingalpha.com‘s news article titled: “Tsakos Energy Navigation’s (TNP) CEO Nikolas Tsakos on Q1 2017 Results …” with publication date: May 15, 2017.