Q3 2022 Earnings Forecast for Tsakos Energy Navigation Limited Issued By Jefferies Financial Group (NYSE:TNP)

Tsakos Energy Navigation Limited (NYSE:TNPGet Rating) – Equities research analysts at Jefferies Financial Group issued their Q3 2022 earnings per share estimates for shares of Tsakos Energy Navigation in a research note issued on Thursday, September 15th. Jefferies Financial Group analyst O. Nokta anticipates that the shipping company will post earnings of $2.29 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $25.00 price target on the stock. The consensus estimate for Tsakos Energy Navigation’s current full-year earnings is $5.36 per share. Jefferies Financial Group also issued estimates for Tsakos Energy Navigation’s Q4 2022 earnings at $2.49 EPS, FY2022 earnings at $5.97 EPS, FY2023 earnings at $10.49 EPS and FY2024 earnings at $13.46 EPS.

Separately, StockNews.com raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Friday, July 1st.

Tsakos Energy Navigation Trading Down 3.3 %

NYSE TNP opened at $17.90 on Monday. The stock’s 50-day simple moving average is $13.84 and its two-hundred day simple moving average is $11.55. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $325.71 million, a price-to-earnings ratio of -3.21 and a beta of 0.08. Tsakos Energy Navigation has a twelve month low of $6.95 and a twelve month high of $18.85.

Tsakos Energy Navigation (NYSE:TNPGet Rating) last issued its quarterly earnings data on Wednesday, September 14th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). Tsakos Energy Navigation had a positive return on equity of 0.88% and a negative net margin of 11.80%. During the same period in the previous year, the company earned ($1.18) earnings per share.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several large investors have recently made changes to their positions in TNP. Engineers Gate Manager LP bought a new position in Tsakos Energy Navigation in the first quarter valued at approximately $108,000. Walleye Capital LLC purchased a new stake in shares of Tsakos Energy Navigation in the second quarter worth $147,000. UBS Group AG grew its stake in shares of Tsakos Energy Navigation by 157.2% during the first quarter. UBS Group AG now owns 18,109 shares of the shipping company’s stock valued at $158,000 after buying an additional 11,067 shares during the last quarter. Bank of America Corp DE boosted its position in Tsakos Energy Navigation by 167.2% during the 1st quarter. Bank of America Corp DE now owns 20,460 shares of the shipping company’s stock valued at $180,000 after acquiring an additional 12,804 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Tsakos Energy Navigation during the second quarter valued at approximately $184,000. Institutional investors own 32.50% of the company’s stock.

Tsakos Energy Navigation Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Thursday, July 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, July 13th. Tsakos Energy Navigation’s dividend payout ratio is currently -3.58%.

Tsakos Energy Navigation Company Profile

(Get Rating)

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 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers.

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Earnings History and Estimates for Tsakos Energy Navigation (NYSE:TNP)

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