Tsakos Energy Navigation Upgraded by TheStreet to Hold (TNP)
Tsakos Energy Navigation (NYSE:TNP) was upgraded by investment analysts at TheStreet to a “hold” rating in a note issued to investors on Friday, American Banking News.com reports.
Separately, analysts at Zacks downgraded shares of Tsakos Energy Navigation from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $5.90 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.35.
Shares of Tsakos Energy Navigation (NYSE:TNP) traded up 2.19% during mid-day trading on Friday, hitting $5.14. 145,509 shares of the company’s stock traded hands. Tsakos Energy Navigation has a 52 week low of $3.04 and a 52 week high of $5.75. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $4.59. The company’s market cap is $290.1 million.
Tsakos Energy Navigation (NYSE:TNP) last released its earnings data on Friday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.01. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $73.84 million. During the same quarter last year, the company posted ($0.10) earnings per share. Tsakos Energy Navigation’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Tsakos Energy Navigation will post $-0.11 EPS for the current fiscal year.
Tsakos Energy Navigation Limited (NYSE:TNP) is a provider of international seaborne crude oil and petroleum product transportation services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.