StockNews.com initiated coverage on shares of Tsakos Energy Navigation (NYSE:TNP – Free Report) in a report published on Friday. The brokerage issued a hold rating on the shipping company’s stock.
Tsakos Energy Navigation Price Performance
Shares of NYSE TNP opened at $29.28 on Friday. Tsakos Energy Navigation has a fifty-two week low of $16.96 and a fifty-two week high of $31.48. The stock has a market cap of $864.05 million, a price-to-earnings ratio of 5.94 and a beta of -0.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.51 and a current ratio of 1.58. The firm’s 50-day simple moving average is $29.44 and its 200 day simple moving average is $26.17.
Tsakos Energy Navigation Increases Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 18th. Investors of record on Friday, July 12th were given a $0.60 dividend. This is a boost from Tsakos Energy Navigation’s previous Semi-Annual dividend of $0.30. The ex-dividend date was Friday, July 12th. This represents a yield of 4.2%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 12.17%.
Hedge Funds Weigh In On Tsakos Energy Navigation
About Tsakos Energy Navigation
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. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.
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