Tsakos Energy Navigation: Analysts’ Views before Q2 2018 Results

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.

Tsakos Energy Navigation: Analysts’ Views before Q2 2018 Results

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”

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.