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

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Jun. 5 2018, Updated 9:02 a.m. ET

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.”

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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.

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