uploads///TNP

Tsakos Energy Navigation: Fifth-Best Performer in 2018

By

Nov. 20 2020, Updated 1:33 p.m. ET

YTD performance

Tsakos Energy Navigation’s (TNP) YTD (year-to-date) returns were -12.8% as of April 5, 2018. Tsakos Energy Navigation is the fifth-best performer among its peers on a YTD basis behind DHT Holdings (DHT), Frontline (FRO), Euronav (EURN), and Gener8 Maritime Partners (GNRT). Its peers had YTD returns 1.1%, -1.5%, -9.2%, and -10%, respectively. Tsakos Energy Navigation has underperformed the shipping ETF and the broad equity market indexes. Since the beginning of 2018, the Guggenheim Shipping ETF (SEA) has fallen 10%. Oil and gas transportation companies account for 47.7% of SEA. The Dow Jones Industrial Average (DIA) has fallen -2% YTD as of April 5, 2018. The SPDR S&P 500 ETF (SPY) has fallen -1.2% during the same period.

Article continues below advertisement

Tsakos Energy Navigation’s fleet

Tsakos Energy Navigation operates crude tankers and product tankers. Tsakos Energy Navigation’s fleet consists of 65 vessels—47 crude tankers, 13 product tankers, three shuttle tankers, and two LNG carriers.

4Q17 highlights

Tsakos Energy Navigation’s net income for 4Q17 was $2.7 million before non-cash items. The company had cash liquidity of $202.7 million as of December 31, 2017. Tsakos Energy Navigation has 77% of the fleet under secured contracts with $1.3 billion in minimum revenues and an average charter life of 2.6 years. In 4Q17, Tsakos Energy Navigation successfully completed its 15-vessel newbuild program. The company sold two Suezmax tankers built in 2005 through a sale and leaseback transaction. Tsakos Energy Navigation paid a dividend of $0.05 per share in December 2017.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.