Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) have earned an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.14.
Several brokerages have commented on TNP. Morgan Stanley dropped their price target on Tsakos Energy Navigation from $5.50 to $4.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Maxim Group set a $6.00 price target on Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. ValuEngine downgraded Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus set a $6.00 price target on Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Wednesday, January 24th.
Shares of Tsakos Energy Navigation (NYSE TNP) remained flat at $$3.43 during mid-day trading on Friday. 36,382 shares of the company traded hands, compared to its average volume of 357,643. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03. Tsakos Energy Navigation has a 12 month low of $3.11 and a 12 month high of $5.27. The firm has a market capitalization of $291.16, a P/E ratio of 31.31, a P/E/G ratio of 3.12 and a beta of 1.33.
Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. The company had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. sell-side analysts predict that Tsakos Energy Navigation will post -0.04 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its position in Tsakos Energy Navigation by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after buying an additional 2,104 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Tsakos Energy Navigation during the fourth quarter valued at approximately $237,000. Virtu Financial LLC increased its position in shares of Tsakos Energy Navigation by 679.3% during the fourth quarter. Virtu Financial LLC now owns 83,904 shares of the shipping company’s stock valued at $328,000 after purchasing an additional 73,138 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Tsakos Energy Navigation by 534.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,609 shares of the shipping company’s stock valued at $374,000 after purchasing an additional 80,538 shares during the period. Finally, State Street Corp increased its position in shares of Tsakos Energy Navigation by 15.7% during the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock valued at $538,000 after purchasing an additional 15,231 shares during the period. 26.11% of the stock is currently owned by institutional investors.
About Tsakos Energy Navigation
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.
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