Q2 2017 EPS Estimation for Tsakos Energy Navigation Ltd. Trimmed by Seaport Global Securities (TNP)

Q2 2017 EPS Estimation for Tsakos Energy Navigation Ltd. Trimmed by Seaport Global Securities (TNP)

Tsakos Energy Navigation Ltd. (NYSE:TNP) – Equities researchers at Seaport Global Securities reduced their Q2 2017 earnings per share (EPS) estimates for shares of Tsakos Energy Navigation in a note issued to investors on Monday. Seaport Global Securities analyst M. Fyhr now expects that the firm will earn $0.08 per share for the quarter, down from their prior estimate of $0.12. Seaport Global Securities also issued estimates for Tsakos Energy Navigation’s Q3 2017 earnings at $0.07 EPS, FY2017 earnings at $0.52 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.26 EPS and Q4 2018 earnings at $0.27 EPS.

TNP has been the subject of several other reports. Clarkson Capital restated a “buy” rating on shares of Tsakos Energy Navigation in a report on Tuesday, January 10th. Credit Suisse Group AG restated a “hold” rating and issued a $5.00 price objective on shares of Tsakos Energy Navigation in a report on Friday. Maxim Group restated a “buy” rating and issued a $7.00 price objective on shares of Tsakos Energy Navigation in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Tsakos Energy Navigation from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Wednesday, November 30th. Finally, Zacks Investment Research lowered shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.08.

Tsakos Energy Navigation (NYSE:TNP) opened at 4.83 on Tuesday. The company’s 50-day moving average is $4.65 and its 200 day moving average is $4.77. The stock has a market capitalization of $404.66 million, a PE ratio of 6.13 and a beta of 1.87. Tsakos Energy Navigation has a 12-month low of $3.92 and a 12-month high of $6.79.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Afam Capital Inc. raised its position in shares of Tsakos Energy Navigation by 0.4% in the third quarter. Afam Capital Inc. now owns 323,825 shares of the company’s stock valued at $1,561,000 after buying an additional 1,271 shares during the last quarter. Renaissance Group LLC raised its position in shares of Tsakos Energy Navigation by 7.3% in the fourth quarter. Renaissance Group LLC now owns 51,213 shares of the company’s stock valued at $240,000 after buying an additional 3,500 shares during the last quarter. State Street Corp raised its position in shares of Tsakos Energy Navigation by 12.1% in the fourth quarter. State Street Corp now owns 97,858 shares of the company’s stock valued at $459,000 after buying an additional 10,564 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Tsakos Energy Navigation by 118.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 25,300 shares of the company’s stock valued at $122,000 after buying an additional 13,700 shares during the last quarter. Finally, WealthTrust Axiom LLC raised its position in shares of Tsakos Energy Navigation by 11.9% in the third quarter. WealthTrust Axiom LLC now owns 230,860 shares of the company’s stock valued at $1,112,000 after buying an additional 24,627 shares during the last quarter. Institutional investors own 27.25% of the company’s stock.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

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