Tsakos Energy Navigation (TNP) Set to Announce Earnings on Wednesday

Tsakos Energy Navigation (NYSE:TNP) is set to post its quarterly earnings results before the market opens on Wednesday, March 27th. Analysts expect Tsakos Energy Navigation to post earnings of $1.59 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Tsakos Energy Navigation Trading Up 1.2 %

Tsakos Energy Navigation stock opened at $26.03 on Tuesday. The firm has a 50-day moving average of $24.28 and a 200-day moving average of $22.35. Tsakos Energy Navigation has a one year low of $15.50 and a one year high of $26.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.49. The company has a market cap of $768.15 million, a price-to-earnings ratio of 2.30 and a beta of -0.15.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Financial Group upped their target price on shares of Tsakos Energy Navigation from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, March 21st.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of institutional investors and hedge funds have recently modified their holdings of TNP. Citigroup Inc. acquired a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $32,000. Point72 Asset Management L.P. bought a new stake in shares of Tsakos Energy Navigation during the fourth quarter worth $47,000. Royal Bank of Canada grew its stake in shares of Tsakos Energy Navigation by 100.9% during the third quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company’s stock worth $64,000 after buying an additional 2,100 shares during the last quarter. Altshuler Shaham Ltd grew its stake in shares of Tsakos Energy Navigation by 33.3% during the fourth quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company’s stock worth $75,000 after buying an additional 1,000 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Tsakos Energy Navigation during the first quarter worth $108,000. 19.24% of the stock is owned by institutional investors.

Tsakos Energy Navigation 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. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.