Tsakos Energy Navigation Ltd (NYSE:TNP) is reporting third quarter financial results on Monday 23rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, TNP is expected to report 3Q20 revenue of $ 127.82 million.
For the full year, analysts anticipate top line of $ 685.17 million.
Previous Quarter Performance
Tsakos Energy Navigation Ltd announced income for the second quarter of $ 1.77 per share, from the revenue of $ 190.77 million. The quarterly revenues extended 32.46 percent compared with the same quarter last year. Street analysts expected Tsakos Energy Navigation Ltd to report income of $ 2.11 per share on revenue of $ 193.69 million for the second quarter. The bottom line results missed street analysts by $ 0.34 or 16.11 percent, at the same time, top line results fell short of analysts by $ 2.92 million or 1.51 percent.
Stock Performance
Shares of Tsakos Energy Navigation Ltd traded up $ 0.06 or 0.75 percent on Friday, reaching $ 8.01 with volume of 212.20 thousand shares. Tsakos Energy Navigation Ltd has traded high as $ 8.12 and has cracked $ 7.91 on the downward trend
According to the previous trading day, closing price of $ 8.01, representing a 12.61 % increase from the 52 week low of $ 7.06 and a 66.67 % decrease over the 52 week high of $ 23.85.
The company has a market capital of $ 150.44 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Hold rating, with $ 10.00 target price.
Conference Call
Tsakos Energy Navigation Ltd will be hosting a conference call at 10:00 AM eastern time on 23rd November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1877 553 9962 Toll Free, (United States) or +44 (0)2071 928592 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.tenn.gr
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 2, 2019, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers with dynamic positioning technology.
