Tsakos Energy (TNP) has been making waves in the stock market, with its recent trading session ending at $28.75, showing a +1.41% swing from the previous day’s closing price. This performance surpassed the S&P 500, which saw a gain of 0.17% for the day, while the Dow registered a 0.32% increase, and the Nasdaq saw a decrease of 0.03%.
The oil and gas shipping company’s stock has seen a significant climb of 9.93% in the past month, outperforming the Transportation sector’s loss of 3.23% and the S&P 500’s gain of 0.17%. Investors are eagerly awaiting Tsakos Energy’s upcoming earnings report, with a predicted EPS of $2.02, indicating a 31.29% decline compared to the same quarter last year.
Analysts are also anticipating earnings of $9.27 per share and revenue of $857.21 million for the annual period, marking shifts of +32.43% and +16.81%, respectively, from the previous year. Recent modifications to analyst estimates for Tsakos Energy are crucial for investors to monitor, as they can reflect short-term business trends that may impact the stock price.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has assigned Tsakos Energy a #1 (Strong Buy) rating. This system has a proven track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The stock is currently trading at a Forward P/E ratio of 3.06, indicating a discount compared to the industry average of 8.26.
The Transportation – Shipping industry, to which Tsakos Energy belongs, has a Zacks Industry Rank of 66, placing it in the top 27% of all industries. Research shows that top-rated industries outperform the bottom half by a factor of 2 to 1. Investors are advised to keep track of these stock-moving metrics using Zacks.com in the upcoming trading sessions.
For those looking for the latest recommendations from Zacks Investment Research, they can download the 7 Best Stocks for the Next 30 Days. Tsakos Energy Navigation Ltd (TNP) offers a free stock analysis report, and readers can access the full article on Zacks.com.
