Streetbeat News

TNP

Tsakos Energy Navigation Limited

https://www.tenn.gr/

CEO

Nikolas Tsakos

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

Open

29.54

Mkt cap

864M

Volume

238K

High

29.59

P/E Ratio

5.92

52-wk high

31.48

Low

29.02

Div yield

0.03

52-wk low

17.06

Jefferies analyst Omar Nokta maintains a Buy rating on Tsakos Energy Navigation (TNP) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:13 pm

The article highlights five energy sector stocks considered as value stocks due to their low P/E multiples: Pyxis Tankers (PXS), HF Sinclair (DINO), TotalEnergies (TTE), Tsakos Energy Navigation (TNP), and Par Pacific Holdings (PARR). It details recent earnings per share increases for these companies, with HF Sinclair and Par Pacific showing significant growth. The piece emphasizes the potential for value stocks to rebound but also notes the risk of non-materialization.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 2:39 pm

TEN Ltd. (NYSE:TNP) has sold a 2005-built suezmax tanker, Eurochampion 2004, adding approximately $40 million to its cash balances. The company also completed the delivery of two LNG-powered aframax tankers, Chios DF and Ithaki DF, as part of its dual-fuel renewal program. These actions are in line with TEN's strategy for fleet renewal, combining vessel divestments with acquisitions of eco-friendly ships on long-term contracts. The company is exploring further growth opportunities and strategic sales for a seamless fleet transition.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:22 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating on Tsakos Energy Navigation (NYSE:TNP) and maintained a $28 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:18 pm

Tsakos Energy Navigation Ltd (NYSE:TNP) reported Q3 FY23 results with higher voyage revenue of $186.659 million versus consensus of $166.139 million but missed EPS estimates with $0.83 against the expected $1.24. The company cited seasonal softness in tanker markets due to refinery maintenance. Adjusted EBITDA and operating income fell compared to the previous year, but fleet utilization was high at 96.1%. Tsakos secured 26 new charters, contributing to a $1.4 billion revenue backlog, and maintained strong cash reserves of $394 million. The company will pay a dividend of $0.30 per share on December 20, 2023. Despite the positive revenue, TNP shares dropped by 6.99% to $19.82.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 6:12 pm

Tsakos Energy Navigation (TNP) reported a decrease in Q3 earnings to $0.83 per share from $1.48 YoY, and a sales decline to $186.66M from $223.74M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:07 pm

Numerous companies are scheduled to report their earnings on November 21, 2023, both before the opening bell and after the closing bell. The list includes a variety of sectors, with companies such as Golden Ocean Group, Burlington Stores, Analog Devices, Best Buy, Lowe's Companies, NVIDIA, and HP among others. The earnings reports will provide investors with insights into each company's financial health and performance for the respective quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:12 pm

The article discusses the concept of value stocks, particularly in the energy sector. It lists five energy companies: National Fuel Gas (NFG), Pembina Pipeline (PBA), Alliance Res Partners (ARLP), Epsilon Energy (EPSN), and Tsakos Energy Navigation (TNP) as notable value stocks based on their low P/E multiples. The article also provides recent earnings per share and dividend yield data for these companies.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 2:39 pm

TEN has announced the delivery of the first of four LNG powered Aframax tankers. The gross revenues from this four-vessel industrial program are expected to reach $520M if all extension options are exercised.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 1:08 pm

Tsakos Energy Navigation Ltd (NYSE:TNP) reported Q2 FY23 Voyage revenue of $221.45 million, surpassing the consensus of $174.10 million. EPS of $1.65 also beat the consensus of $1.60. The company's new charters secured over $1.5 billion in fleet revenue backlog. TNP will distribute a second semi-annual dividend of $0.30 per share in December 2023, following the $0.30 per share payment in June 2023 and an additional special dividend per share of $0.40. Despite the positive report, TNP shares are trading lower by 4.43% at $18.85.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 4:58 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.