3.25 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||3.19 x 1200|
|Ask||3.41 x 3200|
|Day's Range||3.24 - 3.33|
|52 Week Range||3.11 - 4.86|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 29, 2018 - Dec 1, 2018|
|Forward Dividend & Yield||0.20 (6.02%)|
|1y Target Est||4.71|
ATHENS, Greece, Oct. 09, 2018 -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of.
NEW YORK, Oct. 04, 2018 -- Senior executives from the shipping and maritime industry related companies will participate on panels and presentations at Capital Link’s 10th.
NEW YORK, Oct. 01, 2018 -- Senior executives from leading publicly listed product tanker, crude oil tanker, LPG and LNG shipping companies will discuss the trends, developments.
NEW YORK, Sept. 18, 2018-- Capital Link’ s 11th Annual Shipping & Marine Services Forum will take place on Tuesday, September 25, 2018 at The Royal Society in London.. It is organized in partnership with ...
NEW YORK, Sept. 11, 2018-- Capital Link’ s 11th Annual Shipping & Marine Services Forum will take place on Tuesday, September 25, 2018 at The Royal Society in London.. It is organized in partnership with ...
Tsakos (TNP) delivered earnings and revenue surprises of 5.26% and -2.02%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Athens, Greece-based company said it had a loss of 19 cents. Losses, adjusted for non-recurring costs, came to 18 cents per share. The results surpassed Wall Street expectations. ...
23% income improvement from Q1 2018. TEN’ s Tanker Fleet Earnings Outperform Spot Market by over 100%. 23 New and Extended Contracts Year-to-Date- $1.2 Billion in Minimum Contracted Revenues with 2.5 years ...
Every investor in Tsakos Energy Navigation Limited (NYSE:TNP) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it’s not unusual toRead More...
Tsakos (TNP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TEN Ltd. (“TEN”) (TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that earnings for the half year and second quarter ended June 30, 2018, will be reported prior to the open of the market in New York on Friday, September 7, 2018. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (877) 553-9962 (US Toll Free Dial In), 0(808) 238- 0669 (UK Toll Free Dial In) or +44 (0) 2071 928592 (Standard International Dial In). A telephonic replay of the conference call will be available until September 14, 2018, by dialing 1(866) 331-1332 (US Toll Free Dial In), 0(808) 238-0667 (UK Toll Free Dial In) or +44 (0) 3333 009785 (Standard International Dial In).
Previously in this series, we saw that crude tanker stocks gave mixed returns in week 30—the week ending July 27. However, VLCC (very large crude carrier) and Aframax rates rose. In this part, we’ll see how bunker fuel prices fared last week.
According to Weber’s weekly report, VLCCs (very large crude carriers) maintained the demand strength in week 30 along with the tight availability of units. The VLCC rates rose in the week ending July 27.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 30, the week ending July 27, the BDTI rose to 759 from 723. The BDTI has risen ~8.4% in 2018. Investors should compare the BDTI’s YoY (year-over-year) performance because the industry is seasonal. At the same time last year, the index was 16% higher at ~648. In week 30, the BDTI fell by 21 points.
China released its June PMI on July 1. In June, China’s manufacturing PMI was 51.5. The PMI fell 0.4% from the previous month, which indicates that China’s (FXI) manufacturing sector expanded at a slower pace. The PMI shows a country’s economic health.
China (FXI) released its key economic data for June—import and export data, auto sales data, and the manufacturing index. The data help investors assess the crude oil tanker industry’s outlook.
Previously in this series, we saw that crude tanker stocks fell in week 29 (week ending July 20). However, VLCC (very large crude carrier) and Suezmax rates rose. In this part, we’ll see how bunker fuel prices fared last week.
According to Weber’s weekly report, the VLCC (very large crude carrier) demand was stronger in week 29, which led to a rebound in VLCC rates. In week 29, 27 VLCC fixtures were observed in the Middle East market—two less than the previous week. In the West Africa market, the weekly fixtures rose to 11, which was a YTD (year-to-date) high.
The BDTI (Baltic Dirty Tanker Index), which shows where crude tanker rates are heading, can be used to assess the crude tanker industry. In week 29 (week ending July 20), the BDTI fell from 744 to 723. The BDTI has risen ~3.3% in 2018. Investors should compare the BDTI’s YoY (year-over-year) performance because the industry is seasonal. At the same time last year, the index was 11.56% higher at ~645. In week 28, the BDTI rose by 23 points.
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.