Tsakos Energy Navigation (TNP) Stock Price, News & Analysis

Company Overview

Tsakos Energy Navigation Ltd is one of the world’s longest-running and largest independent operators of maritime energy transportation services. The company owns and operates a best-in-class fleet of versatile energy transportation vessels that include ice-class, shuttle tankers, and LNG-capable shipping as well. The company’s management team is able to leverage more than 50 years of company experience.

Tsakos Energy Navigation Ltd was incorporated in 1993 as MIF Limited. The company IPOd in 201 and later changed its name in 2011 to better represent itself to the world. It has been a leader in energy transportation the entire time and has generated more than $1 billion in profits for shareholders. As of October 2022, the company had paid more than $450 million in dividends in over 42 consecutive payments. The company’s average yield since IPO is over 5.2%.

Tsakos Energy Navigation Ltd. provides maritime transportation services for national, major, and independent energy companies under a variety of contract conditions. The company reported a fleet of 70 double-hull energy transportation vessels in mid-2022. The fleet included 60 conventional tankers ranging from Handysize through Panamax, Aframax, and Suez Max conventional oil tankers, and several Suez-Max DP2 shuttle tankers. The DP2 shuttle tankers are instrumental in transporting energy through the Suez canal. The company also listed 2 VLCCs or Very Large Crude Carriers (the 2nd largest tankers on the high seas) and 2 LNG-capable ships, and 2 ships under construction.

Tsakos Energy Navigation is incorporated in Bermuda but operates out of Athens, Greece. The company’s strategy is to maintain its industry-leading status while providing sustainable growth and stability across energy cycles. The two pillars of the strategy are employee and fleet quality. The company actively invests in its talent pool to position itself for long-term success while also investing in ship maintenance and renewals. The average age of a Tsakos Energy Navigation tanker was about 7.5 years in Q4 2022 compared to roughly 10 years for the industry average. Oil tankers get about 30 years of use on average, so the company well-positioned to outlast its competition.

 

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: N/A
• 50-Day Range: $26.23 to $31.35
• 52-Week Range: N/A
• Volume: 237,800 shs
• Average Volume: 280,435 shs
• Market Capitalization: $864.05 million
• P/E Ratio: 5.94
• Dividend Yield: 2.05%
• Price Target: $30.00
• Consensus Rating: Buy

Tsakos Energy Navigation Stock Analysis - MarketRank™

Tsakos Energy Navigation scored higher than 55% of companies evaluated by MarketBeat, and ranked 88th out of 133 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tsakos Energy Navigation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tsakos Energy Navigation has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.80%

Earnings Growth

Earnings for Tsakos Energy Navigation are expected to grow by 6.80% in the coming year, from $9.27 to $9.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tsakos Energy Navigation is 5.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.77.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tsakos Energy Navigation is 5.94, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.72.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TNP.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Tsakos Energy Navigation pays a meaningful dividend of 2.05%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tsakos Energy Navigation does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tsakos Energy Navigation is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tsakos Energy Navigation will have a dividend payout ratio of 6.06% next year. This indicates that Tsakos Energy Navigation will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TNP.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Tsakos Energy Navigation this week, compared to 1 article on an average week.

Search Interest

1 people have searched for TNP on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tsakos Energy Navigation insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Tsakos Energy Navigation is held by insiders.

Percentage Held by Institutions

Only 19.24% of the stock of Tsakos Energy Navigation is held by institutions.

TNP Stock Analysis - Frequently Asked Questions

How were Tsakos Energy Navigation's earnings last quarter?

Tsakos Energy Navigation Limited (NYSE:TNP) posted its quarterly earnings results on Tuesday, November, 21st. The shipping company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $1.24 by $0.41. The shipping company had revenue of $186.66 million for the quarter, compared to the consensus estimate of $166.10 million. Tsakos Energy Navigation had a net margin of 21.41% and a trailing twelve-month return on equity of 22.37%.

When did Tsakos Energy Navigation's stock split?

Tsakos Energy Navigation's stock reverse split before market open on Wednesday, July 1st 2020. The 1-5 reverse split was announced on Monday, June 22nd 2020. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Tsakos Energy Navigation own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tsakos Energy Navigation investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), Advanced Micro Devices (AMD) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/21/2023
• Today: 1/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: N/A
• Current Symbol: NYSE:TNP
• CUSIP: N/A
• CIK: 1166663
• Web: www.tenn.gr
• Phone: 302109407710
• Fax: 30 210 94 07 716
• Employees: 1,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.93
• Trailing P/E Ratio: 5.94
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $300.18 million
• Net Margins: 21.41%
• Pretax Margin: 21.93%
• Return on Equity: 22.37%
• Return on Assets: 10.72%

Debt

• Debt-to-Equity Ratio: 0.84
• Current Ratio: 1.58
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $889.57 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 2.23
• Book Value: $55.62 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 29,510,000
• Free Float: 29,211,000
• Market Cap: $864.05 million
• Optionable: Optionable
• Beta: -0.15