Tsakos Energy (TNP – (Free Report), the recent trading session ended at $28.75, representing a +1.41% change from the previous day’s closing price. The stock outperformed the S&P 500, which rose 0.17% on the day. Meanwhile, the Dow Jones Industrial Average rose 0.32%, while the tech-heavy Nasdaq fell 0.03%.
Shares of the oil and gas transportation company have gained 9.93% over the past month, outpacing the Transportation sector’s decline of 3.23% and the S&P 500’s gain of 0.17%.
The investment community will be closely monitoring Tsakos Energy’s performance in its next earnings report. The company’s EPS is expected to be $2.02, which would represent a decrease of 31.29% compared to the same period last year.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.27 per share and revenue of $857.21 million, which would represent changes of +32.43% and +16.81%, respectively, from the prior year.
It is also important for investors to note recent revisions to analyst estimates for Tsakos Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research reveals that these estimate changes are directly correlated to near-term stock price performance. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and provides a clear and actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). The company has a remarkable, outside-audited track record of success, with #1 stocks returning an average of +25% annually since 1988. Over the past 30 days, his Zacks Consensus EPS estimate has increased 0.32%. Tsakos Energy currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Tsakos Energy is currently trading at a Forward P/E ratio of 3.06. This represents a discount when compared to its industry’s average Forward P/E of 8.26.
Transportation – The shipping industry is part of the transportation sector. This group has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from highest to lowest based on the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Don’t forget to track all of these stock price movement metrics and more with Zacks.com in the coming trading sessions.
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