Last $6.98 USD
Change Today -0.26 / -3.59%
Volume 703.3K
TNP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tsakos energy navigation ltd (TNP) Snapshot

Open
$7.22
Previous Close
$7.24
Day High
$7.25
Day Low
$6.97
52 Week High
04/23/14 - $8.48
52 Week Low
10/15/14 - $4.75
Market Cap
579.6M
Average Volume 10 Days
635.8K
EPS TTM
$0.08
Shares Outstanding
83.0M
EX-Date
--
P/E TM
87.3x
Dividend
$0.24
Dividend Yield
2.87%
Current Stock Chart for TSAKOS ENERGY NAVIGATION LTD (TNP)

tsakos energy navigation ltd (TNP) Related Businessweek News

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tsakos energy navigation ltd (TNP) Details

Tsakos Energy Navigation Limited provides international seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of May 5, 2014, it had 58 double-hull vessels, including product tankers, crude tankers, and liquefied natural gas carriers totaling 5.9 million dwt. Tsakos Energy Navigation Limited has a strategic partnership with Statoil for the crude oil tanker newbuildings. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.

tsakos energy navigation ltd (TNP) Top Compensated Officers

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Executives, Board Directors

tsakos energy navigation ltd (TNP) Key Developments

Tsakos Energy Navigation Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tsakos Energy Navigation Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, voyage revenues were USD 120,881,000 against USD 107,564,000 a year ago. Part of the increase was generated due to the significantly stronger TCE rates achieved for crude carrying suezmaxes and aframaxes in the first nine months of 2014, compared to the equivalent period of the previous year and to the introduction of the two shuttle tankers delivered in the first nine months of 2013 which operated throughout the first nine months of 2014 and to the acquisition of the two suezmaxes Euro and Eurovision in mid-2014 which provided an additional USD 4.9 million of net revenue. Operating income was USD 13,838,000 against USD 9,655,000 a year ago. Net income attributable to common stockholders of the company was USD 5,216,000 or USD 0.04 per basic and diluted share against loss of USD 1,362,000 or USD 0.04 per basic and diluted share a year ago. Net cash provided by operating activities was USD 33,932,000 against USD 31,668,000 a year ago. EBITDA was USD 41,086,000 against USD 35,363,000 a year ago. The company has a very strong start to the third quarter with operating income, a 43.3% increase, due to overall higher net revenue. For the nine months, voyage revenues were USD 363,565,000 against USD 313,348,000 a year ago. The fall in oil prices in the latter part of the quarter had little impact on bunker prices within the third quarter, while in the fourth quarter there has been a significant contribution by lower bunker prices to spot rates achieved so far, quite apart from the positive impact of falling oil prices on tanker demand. Operating income was USD 46,816,000 against USD 28,000,000 a year ago. Net income attributable to common stockholders of the company was USD 19,981,000 or USD 0.18 per basic and diluted share against loss of USD 1,868,000 or USD 0.06 per basic and diluted share a year ago. Net cash provided by operating activities was USD 60,801,000 against USD 104,230,000 a year ago. EBITDA was USD 124,114,000 against USD 103,482,000 a year ago.

Tsakos Energy Navigation Limited Presents at 16th Annual Capital Link Invest in Greece Forum: "Invest for Growth", Dec-01-2014 05:40 PM

Tsakos Energy Navigation Limited Presents at 16th Annual Capital Link Invest in Greece Forum: "Invest for Growth", Dec-01-2014 05:40 PM. Venue: The Metropolitan Club, One East 60th St., New York, United States. Speakers: Paul Durham, Chief Financial Officer, Chief Accounting Officer and Member of Risk Committee.

Tsakos Energy Navigation Limited, Q3 2014 Earnings Call, Nov 21, 2014

Tsakos Energy Navigation Limited, Q3 2014 Earnings Call, Nov 21, 2014

 

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TNP

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Valuation TNP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.5x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful
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