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Tsakos Energy Navigation: Analysts’ Views before Q2 2018 Results

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Jul. 18 2018, Updated 7:30 a.m. ET

Analysts’ ratings

Tsakos Energy Navigation (TNP) is one of the analysts’ favorite crude tanker companies. According to Reuters, the consensus rating for Tsakos Energy Navigation is 2, which means a “buy.” The company has had a consensus “buy” rating for more than a year.

Below are the consensus ratings for other crude oil tanker companies on a scale of 1 (strong buy) to 5 (strong sell):

  • Nordic American Tankers (NAT): 3.33 or a “hold”
  • Frontline (FRO): 3.0 or a “hold”
  • Teekay Tankers (TNK): 2.38 or a “buy”
  • Euronav (EURN): 2.0 or a “buy”
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Consensus recommendations

Of the nine analysts that gave recommendations on Tsakos Energy Navigation, two analysts (78.0%) are bullish on the stock and gave a “strong buy.” Five analysts gave a “buy” rating. Two analysts (22.0%) gave a “hold” rating, and none of the analysts are bearish on Tsakos Energy Navigation.

Target price

The consensus 12-month target price for Tsakos Energy Navigation is $5.05, which implies a potential upside of 44.7% from its market price on July 12.

Analysts’ recommendations

Wall Street analysts expect that Tsakos Energy Navigation’s revenues could reach ~$97.5 million in the second quarter. Its revenues reached ~$98.5 million in the first quarter and ~$104.06 million in the second quarter of 2017.

Along with a fall in its revenues, analysts also expect its second-quarter EBITDA to be lower year-over-year. Its second-quarter EBITDA estimate stands at $43.5 million, compared to $44.08 million in the first quarter and $53.6 million in the second quarter of 2017.

The company’s fiscal 2018 revenues are expected to reach $407.8 million, compared to $415.7 million reported in 2017. Tsakos Energy Navigation’s 2018 EBITDA could fall to $186.3 million from $215.0 million in 2017.

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