Streetbeat News

TNP

Tsakos Energy Navigation Limited

https://www.tenn.gr/

CEO

Nikolas Tsakos

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

Open

18.65

Mkt cap

534M

Volume

212K

High

18.69

P/E Ratio

3.66

52-wk high

31.48

Low

17.95

Div yield

0.03

52-wk low

18.88

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

Tsakos Energy Navigation (TNP) reported Q4 earnings of $0.85 per share, missing the $1.71 estimate, and sales of $220.24M, beating the $186.18M estimate. Earnings decreased by 73.19% and sales by 18.51% from the same period last year.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 3:03 pm

Tsakos Energy Navigation (NYSE:TNP) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $1.71. The company's past earnings performance shows a mix of hits and misses against estimates, with the stock price reacting accordingly. Shares have risen 32.11% over the last 52 weeks, indicating a positive outlook from long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:01 pm

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