The consensus among analysts is that Tsakos Energy Navigation Limited (TNP) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.6.
Tsakos Energy Navigation Limited (NYSE:TNP) trade information
Sporting 8.9% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the TNP stock price touched $2.22-6 or saw a rise of 6.52%. Year-to-date, Tsakos Energy Navigation Limited shares have moved -52.29%, while the 5-day performance has seen it change -5.88%. Over the past 30 days, the shares of Tsakos Energy Navigation Limited (NYSE:TNP) have changed -22.1%. Short interest in the company has seen 841.53 Million shares shorted with days to cover at 628.01.
Tsakos Energy Navigation Limited (TNP) estimates and forecasts
Figures show that Tsakos Energy Navigation Limited shares have underperformed across the wider relevant industry. The company’s shares have lost -51.37% over the past 6 months, with this year growth rate of -13700%, compared to -7.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 528.6% and 236.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +50.1%.
2 analysts offering their estimates for the company have set an average revenue estimate of $193.69 Million for the current quarter. 2 have an estimated revenue figure of $164.81 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $108.83 Million and $100.87 Million respectively for this quarter and the next, and analysts expect sales will grow by 78% for the current quarter and 63.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.5% over the past 5 years. Earnings growth for 2020 is a modest +79.3% while over the next 5 years, the company’s earnings are expected to increase by 10%.
Tsakos Energy Navigation Limited is expected to release its next earnings report between September 04 and September 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.1 at a share yield of 5.24%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.71%.
Tsakos Energy Navigation Limited (NYSE:TNP)’s Major holders
Insiders own 31.14% of the company shares, while shares held by institutions stand at 30.92% with a share float percentage of 44.9%. Investors are also buoyed by the number of investors in a company, with Tsakos Energy Navigation Limited having a total of 105 institutions that hold shares in the company. The top two institutional holders are Kopernik Global Investors, LLC with over 3.68 Million shares worth more than $11.98 Million. As of March 30, 2020, Kopernik Global Investors, LLC held 3.87% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 3.25 Million shares as of March 30, 2020. The firm’s total holdings are worth over $10.6 Million and represent 3.42% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Advisors Inner Circle Fund II-Kopernik Global All Cap Fund and Global X Fds-Global X/FTSE Greece 20 ETF. As of January 30, 2020, the former fund manager holds about 1.82% shares in the company for having 1734995 shares of worth $5.38 Million while later fund manager owns 1.12 Million shares of worth $3.06 Million as of February 28, 2020, which makes it owner of about 1.17% of company’s outstanding stock.