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Crude Oil Tanker Stocks: Estimates, Recommendations for 2Q17

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Part 10
Crude Oil Tanker Stocks: Estimates, Recommendations for 2Q17 PART 10 OF 11

Tsakos Energy Navigation: What Analysts Estimate for 2Q17

Analyst ratings for TNP

Twelve analysts have given recommendations for Tsakos Energy Navigation (TNP). The consensus rating for the stock is 1.9, which signifies a “buy.” For more than a year, TNP has received the most “buy” ratings among its peers. It also has not had any “sell” or “strong sell” ratings.

Tsakos Energy Navigation: What Analysts Estimate for 2Q17

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Of the 12 analysts, three have recommended a “strong buy,” and seven have recommended a “buy” for the stock. Two analysts have given it a “hold” recommendation, and none have given it a “sell” or “strong sell” rating. Currently, DHT Holdings (DHT), Navios Maritime Midstream Partners (NAP), Gener8 Maritime Partners (GNRT), and Euronav (EURN) also don’t have any “sell” or “strong sell” ratings.

The consensus target price for Tsakos Energy Navigation is $6.40, which implies an upside of 29.8% based on the market price of $4.93 on July 5, 2017.

Revenue and earnings estimates

Wall Street analysts estimate that TNP’s revenue will be ~$111.3 million in 2Q17 compared to ~$138.4 million in 1Q17 and ~$119.8 million in 2Q16. Along with a fall in revenue, analysts also expect its 2Q17 EBITDA (earnings before interest, tax, depreciation, and amortization) to fall to $61.1 million, which is lower than $62.0 million in the previous quarter but higher than $51.1 million in 2Q16.

Fiscal 2017 revenue is expected to be $453.0 million compared to $481.7 million reported in 2016. However, TNP’s 2017 EBITDA is expected to rise to $253.0 million, from $203.0 million in 2016.

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