uploads/2018/05/TNP.jpg

Tsakos Energy Navigation: No ‘Sell’ Ratings for 2 Years

By

Updated

Analysts’ recommendations

Tsakos Energy Navigation (TNP) is one of analysts’ favorite crude tanker stocks. According to Reuters, the consensus rating for Tsakos Energy Navigation is two, which means a “buy.” The company has had a consensus “buy” rating for more than two years. During this period, no analysts rated the company as a “sell.” The consensus rating for DHT Holdings (DHT), Gener8 Maritime Partners (GNRT), and Euronav (EURN) is a “buy.” In contrast, the consensus rating for Nordic American Tankers (NAT) is a “hold.”

Article continues below advertisement

Consensus rating

Out of the ten analysts that gave recommendations on Tsakos Energy Navigation, two analysts gave a “strong buy,” six analysts gave a “buy,” and two analysts gave a “hold” rating. None of the analysts are bearish on Tsakos Energy Navigation.

Target price

The consensus 12-month target price for Tsakos Energy Navigation is $5.23, which implies a potential upside of 46.5% from the market price of $3.55 on May 29, 2017.

Revenues and EBITDA

Wall Street analysts estimate that Tsakos Energy Navigation’s revenues will be ~$100.8 million in the first quarter—compared to ~$106.6 million in the fourth quarter and ~$138.4 million in the same period last year. Along with a fall in Tsakos Energy Navigation’s revenues, analysts also expect its first-quarter EBITDA to be lower. The company’s first-quarter EBITDA estimate stands at $51.3 million—compared to $52.4 million in the previous quarter and $62 million in the first quarter of 2017.

The fiscal 2018 revenues are expected to be $424 million—compared to $415 million reported in 2017. Tsakos Energy Navigation’s 2018 EBITDA is expected to rise to $214 million—compared to $215 million in 2017.

Advertisement

More From Market Realist