TNP Stock Summary and Trading Ideas (Tsakos Energy Navigation Common Shares | NYSE:TNP)

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

Tsakos Energy Navigation Common Shares trades on the NYSE stock market under the symbol TNP.

As of April 24, 2024, TNP stock price climbed to $24.79 with 213,787 million shares trading.

TNP has a beta of 0.00, meaning it tends to be less sensitive to market movements. TNP has a correlation of 0.00 to the broad based SPY ETF.

TNP has a market cap of $731.44 million. This is considered a Small Cap stock.

Last quarter Tsakos Energy Navigation Common Shares reported $220 million in Revenue and $.85 earnings per share. This beat revenue expectation by $34 million and missed earnings estimates by -$.86.

In the last 3 years, TNP stock traded as high as $27.20 and as low as $6.75.

The top ETF exchange traded funds that TNP belongs to (by Net Assets): FNDA, GREK, PRFZ, SPEM, AADR.

TNP has outperformed the market in the last year with a price return of +44.5% while the SPY ETF gained +24.2%. TNP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.4% and -1.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

TNP support price is $24.20 and resistance is $25.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNP stock will trade within this expected range on the day.