06 Jan TSAKOS ENERGY N/SH (NYSE:TNP) Downgraded by ValuEngine
TSAKOS ENERGY N/SH (NYSE:TNP) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, December 18th, ValuEngine reports.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of TSAKOS ENERGY N/SH from a “d+” rating to a “c” rating in a report on Wednesday, December 11th. Zacks Investment Research downgraded shares of TSAKOS ENERGY N/SH from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.00.
NYSE TNP opened at $4.45 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.03 and a current ratio of 1.08. The company’s fifty day moving average is $3.84 and its two-hundred day moving average is $3.38. TSAKOS ENERGY N/SH has a 52-week low of $2.73 and a 52-week high of $4.58.
TSAKOS ENERGY N/SH (NYSE:TNP) last released its quarterly earnings data on Tuesday, November 26th. The shipping company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09). The business had revenue of $100.87 million for the quarter, compared to the consensus estimate of $106.83 million. TSAKOS ENERGY N/SH had a positive return on equity of 0.33% and a negative net margin of 10.62%. Research analysts predict that TSAKOS ENERGY N/SH will post 0.12 EPS for the current year.
Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new stake in shares of TSAKOS ENERGY N/SH during the 3rd quarter worth approximately $38,000. Cubist Systematic Strategies LLC acquired a new position in TSAKOS ENERGY N/SH during the second quarter valued at approximately $45,000. Squarepoint Ops LLC acquired a new position in TSAKOS ENERGY N/SH during the third quarter valued at approximately $50,000. Wolverine Trading LLC grew its holdings in TSAKOS ENERGY N/SH by 49.4% during 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. acquired a new position in TSAKOS ENERGY N/SH during the second quarter valued at approximately $69,000. Institutional investors own 24.23% of the company’s stock.
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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