TSAKOS ENERGY N/SH (NYSE:TNP) Releases Earnings Results, Misses Estimates By $0.09 EPS

TSAKOS ENERGY N/SH (NYSE:TNP) issued its earnings results on Tuesday. The shipping company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09), Yahoo Finance reports. TSAKOS ENERGY N/SH had a negative return on equity of 0.02% and a negative net margin of 11.59%.

Shares of TNP stock opened at $3.46 on Wednesday. The company has a market cap of $316.33 million, a price-to-earnings ratio of -4.49 and a beta of 1.30. The stock has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.23. TSAKOS ENERGY N/SH has a 12-month low of $2.56 and a 12-month high of $4.00. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94.

A number of brokerages have recently issued reports on TNP. Zacks Investment Research raised TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. ValuEngine downgraded TSAKOS ENERGY N/SH from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.50.

About TSAKOS ENERGY N/SH

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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Earnings History for TSAKOS ENERGY N/SH (NYSE:TNP)

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