Tsakos Energy Navigation’s (TNP) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Tsakos Energy Navigation (NYSE:TNP) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $30.00 target price on the shipping company’s stock.

Separately, StockNews.com downgraded shares of Tsakos Energy Navigation from a buy rating to a hold rating in a research report on Saturday, January 13th.

Tsakos Energy Navigation Stock Down 0.4 %

TNP opened at $25.39 on Wednesday. Tsakos Energy Navigation has a twelve month low of $15.50 and a twelve month high of $26.50. The company has a quick ratio of 1.49, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $24.36 and a 200 day moving average price of $22.47. The company has a market cap of $749.26 million, a PE ratio of 2.81 and a beta of -0.15.

Institutional Trading of Tsakos Energy Navigation

A number of hedge funds have recently bought and sold shares of TNP. Citigroup Inc. acquired a new stake in Tsakos Energy Navigation in the 4th quarter valued at about $32,000. Point72 Asset Management L.P. acquired a new stake in Tsakos Energy Navigation in the 4th quarter valued at about $47,000. Royal Bank of Canada raised its holdings in Tsakos Energy Navigation by 100.9% in the 3rd quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company’s stock valued at $64,000 after acquiring an additional 2,100 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in Tsakos Energy Navigation by 33.3% in the 4th quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company’s stock valued at $75,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Tsakos Energy Navigation in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.