Streetbeat News

TNP

Tsakos Energy Navigation Limited

https://www.tenn.gr/

CEO

Nikolas Tsakos

tsakos energy navigation ltd (tnp) is a maritime company.

Open

18.17

Mkt cap

539M

Volume

149K

High

18.88

P/E Ratio

3.69

52-wk high

31.48

Low

18.16

Div yield

0.03

52-wk low

15.88

Tsakos Energy Navigation (TNP) has maintained stable operations and high liquidity, allowing it to cover expanding operations, debt payments, and dividends. Its diversified fleet positions it strategically for future market challenges.

Portfolio Pulse from

January 09, 2025 | 10:15 am

Tsakos Energy Navigation (TNP) is currently undervalued, trading 45% below its peak with a low PE ratio. The company has a diverse fleet of 74 ships, including 12 newbuilds, providing balanced exposure to energy and shipping markets. Management actions are supportive of the company's growth.

Portfolio Pulse from

December 31, 2024 | 5:15 pm

Tsakos Energy Navigation's preferred stock offers an attractive 8.7% yield, supported by strong business performance and a history of reliable dividend payments. The company's preferred dividends are well-covered, with manageable debt and promising growth prospects due to rising oil transportation volumes.

Portfolio Pulse from

November 22, 2024 | 4:15 pm

Tsakos Energy Navigation (TNP) reported Q1 2024 GAAP EPS of $1.60, missing the estimate of $2.08. However, sales came in at $201.589 million, beating the estimate of $199.880 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:59 pm

Tsakos Energy Navigation has announced a change in its NYSE ticker symbol from 'TNP' to 'TEN'.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:02 pm

TEN Ltd. (NYSE:TNP) has delivered six environmentally friendly vessels since the beginning of 2024, with an additional vessel expected by the end of May. These vessels are employed on time-charter contracts with profit-sharing provisions, expected to generate minimum gross revenues of over $200 million. The company aims for a full 'green' fleet by 2030.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:29 pm

Tsakos Energy Navigation announced the sale of the Aframax tanker Izumo Princess, adding approximately $37 million to the company's cash balances. This strategic move is expected to enhance the company's liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:08 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Tsakos Energy Navigation (TNP) with a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 7:30 pm

Tsakos Energy Navigation Ltd (NYSE:TNP) reported Q4 FY23 Voyage revenue of $220.2 million, surpassing consensus estimates but down from the previous year. EPS was $0.85, below last year's $3.17 and the consensus of $1.72. The company operated six fewer vessels than in 2022, impacting its adjusted EBITDA, which was $124 million compared to $159 million in the prior year. Fleet utilization increased to 98.3%, and the average daily TCE rate per vessel was $35,565. TNP announced a semi-annual dividend of $0.60 per share for June 2024, double the amount from 2023. Additionally, TNP has contracted to build a new suezmax DP2 Shuttle Tanker for delivery in 2026. TNP shares dropped 0.39% to $25.51. Investors can also gain exposure through AADR and GREK ETFs.

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 5:24 pm

Trading of Tsakos Energy Navigation (TNP) shares has resumed.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 3:19 pm

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