Tsakos Energy Navigation Limited (NYSE: TNP) is 21.92% higher on its value in year-to-date trading and has touched a low of $15.22 and a high of $26.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TNP stock was last observed hovering at around $25.79 in the last trading session, with the day’s gains setting it 1.3%.
Currently trading at $27.09, the stock is 9.28% and 11.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 5.04% at the moment leaves the stock 26.54% off its SMA200. TNP registered 42.01% gain for a year compared to 6-month gain of 35.32%. The firm has a 50-day simple moving average (SMA 50) of $2.05 and a 200-day simple moving average (SMA200) of $4.07.
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The stock witnessed a 16.37% loss in the last 1 month and extending the period to 3 months gives it a 20.19%, and is 5.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 2.74% over the month.
Current P/E ratio is 3.00 and Fwd P/E is 2.43. Profit margin for the company is 29.91%. Distance from 52-week low is 78.01% and 2.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).
Tsakos Energy Navigation Limited quarterly earnings per share for the current quarter are estimated at $1.98 with sales reaching $194.14M over the same period.The EPS is expected to grow by 34.37% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to shrink -25.70% in year-over-year returns.
91 institutions hold shares in Tsakos Energy Navigation Limited (TNP), with institutional investors hold 26.75% of the company’s shares. The shares outstanding are 30.18M, and float is at 21.98M with Short Float at 1.14%. Institutions hold 19.91% of the Float.
The top institutional shareholder in the company is Pale Fire Capital Se with over 0.67 million shares valued at $11.95 million. The investor’s holdings represent 2.27% of the TNP Shares outstanding. As of Jun 29, 2023, the second largest holder is Marshall Wace LLP with 0.52 million shares valued at $9.24 million to account for 1.76% of the shares outstanding. The other top investors are Millennium Management Llc which holds 0.41 million shares representing 1.41% and valued at over $7.39 million, while Renaissance Technologies, LLC holds 1.24% of the shares totaling 0.37 million with a market value of $6.52 million.
