|Bid||0.00 x 2200|
|Ask||0.00 x 1800|
|Day's Range||3.44 - 3.55|
|52 Week Range||3.11 - 5.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 13, 2018 - Sep 15, 2018|
|Forward Dividend & Yield||0.20 (5.43%)|
|1y Target Est||5.05|
Previously in this series, we saw that crude tanker stocks fell in Week 28 (ended July 13), along with VLCC (very large crude carrier) and Suezmax rates. In this part, we’ll see how bunker fuel prices fared last week.
The BDTI (Baltic Dirty Tanker Index), which shows where crude tanker rates are heading, can be useful in assessing the industry. In Week 28 (ended July 13), the BDTI rose from 721 to 744 and had risen ~6.2% this year. As the crude tanker industry is seasonal, it’s important to compare the BDTI’s performance YoY (year-over-year). Last year at the same time, the index was 13.8% lower, at ~648.
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.
In 2015, the crude tanker industry enjoyed one of the highest freight rates in the past seven years. However, 2016 was a little slow as freight rates took a step down from the levels observed in 2015. Although freight rates were still profitable in 2016, the situation was reversed in 2017.
ATHENS, Greece, July 10, 2018-- TEN Ltd., a leading diversified crude, product and LNG tanker operator, today announced that the underwriters of its public offering of Series F Fixed-to-Floating Rate Cumulative ...
ATHENS, Greece, July 09, 2018-- TEN Ltd., a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.50 ...
In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.
Previously in this series, we noted that most of the crude tanker stocks fell in week 26, which ended on June 29. In week 26, the VLCC (very large crude carrier), Suezmax, and Aframax rates fell. In this part, we’ll see how bunker fuel prices fared in week 26.
Previously, we compared five crude tanker companies’ Q1 2018 revenue. In this article, we’ll look at their Q1 2018 EBITDA. A company’s financial performance is indicated by its EBITDA metric, which reflects a company’s operating profit. As crude tanker companies are capital-intensive operations and have high non-cash costs, including depreciation, their performance might be best assessed using their EBITDA metrics.
Most of the crude tanker stocks rose in week 25—the week ending June 22. Nordic American Tankers had the biggest gain, while Navios Maritime Midstream Partners had the biggest loss.
ATHENS, Greece, June 28, 2018-- TEN Ltd., a leading diversified crude, product and LNG tanker operator, today announced the closing of its successful public offering of 5,400,000 Series F Fixed-to-Floating ...
China, which has the second-largest economy in the world, also has a significant impact on the crude oil tanker industry. It imports 60% of the oil it needs. Most of that oil travels by sea using crude oil tankers, especially VLCCs (very large crude carriers).
ATHENS, Greece, June 21, 2018-- TEN Ltd., a leading diversified crude, product and LNG tanker operator, today announced the pricing of its public offering of its Series F Fixed-to-Floating Rate Cumulative ...
LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want access to our free earnings report on Diana Shipping Inc. (NYSE: DSX), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DSX. The Company reported its financial results on May 10, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The global shipping Company exceeded analysts’ expectations for revenue and earnings for Q1 FY18.
Investors with a long-term horizong may find it valuable to assess Tsakos Energy Navigation Limited’s (NYSE:TNP) earnings trend over time and against its industry benchmark as opposed to simply lookingRead More...
On a per-share basis, the Athens, Greece-based company said it had a loss of 21 cents. The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research ...
TEN’ s Tanker Fleet Outperforms Spot Market by over 100%. $1.3 Billion in Minimum Contracted Revenues over 2.5 yrs Average TC Duration. Strategic Agreement with Oil Major for Two New Aframaxes on Long ...
Wall Street analysts expect net revenue of $100.8 million for Tsakos Energy Navigation (TNP) in the first quarter. Its revenue was $106.6 million in the previous quarter and $138.4 million in the first quarter of 2017. It would be a 27.2% fall YoY (year-over-year) and a 5% fall sequentially.
Out of the eight analysts that gave recommendations on Teekay Tankers (TNK), one analyst recommended a “strong buy,” two recommended a “buy,” four recommended a “hold,” and one recommended a “sell.” None of the analysts recommended a “strong sell.”
In this part, we’ll discuss analysts’ recommendations for crude tanker companies in week 21, which ended on May 25.
Previously in this series, we noted that most of the crude tanker stocks rose in week 21, which ended on May 25. In this part, we’ll see how bunker fuel prices fared in week 21.