TSAKOS ENERGY N/SH (NYSE:TNP) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 331,900 shares, an increase of 25.0% from the May 30th total of 265,600 shares. Based on an average trading volume of 122,100 shares, the short-interest ratio is currently 2.7 days. Approximately 0.6% of the shares of the stock are short sold.
A number of equities analysts have commented on TNP shares. Seaport Global Securities restated a “buy” rating on shares of TSAKOS ENERGY N/SH in a research report on Friday, March 29th. Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TSAKOS ENERGY N/SH currently has an average rating of “Buy” and an average target price of $4.38.
Large investors have recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its position in TSAKOS ENERGY N/SH by 43.3% in the first quarter. Stephens Inc. AR now owns 32,348 shares of the shipping company’s stock valued at $100,000 after buying an additional 9,778 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of TSAKOS ENERGY N/SH by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock worth $1,239,000 after acquiring an additional 8,798 shares during the last quarter. Foundation Resource Management Inc. raised its stake in shares of TSAKOS ENERGY N/SH by 0.9% in the second quarter. Foundation Resource Management Inc. now owns 480,816 shares of the shipping company’s stock worth $1,582,000 after acquiring an additional 4,339 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in shares of TSAKOS ENERGY N/SH by 3.1% in the first quarter. Camarda Financial Advisors LLC now owns 621,703 shares of the shipping company’s stock worth $1,927,000 after acquiring an additional 18,574 shares during the last quarter. Hedge funds and other institutional investors own 22.42% of the company’s stock.
NYSE:TNP opened at $3.40 on Friday. TSAKOS ENERGY N/SH has a 12 month low of $2.56 and a 12 month high of $3.73. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $3.19.
TSAKOS ENERGY N/SH (NYSE:TNP) last released its quarterly earnings results on Thursday, June 6th. The shipping company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $115.48 million for the quarter, compared to analyst estimates of $122.78 million. TSAKOS ENERGY N/SH had a negative net margin of 13.80% and a negative return on equity of 0.64%. Research analysts predict that TSAKOS ENERGY N/SH will post 0.13 earnings per share for the current fiscal year.
About TSAKOS ENERGY N/SH
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
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