Tsakos Energy Navigation PT Raised to $6.50 at Jefferies Group (TNP)
Equities researchers at Jefferies Group upped their price objective on shares of Tsakos Energy Navigation (NYSE:TNP) to $6.50 in a research report issued on Tuesday, AnalystRatings.NET reports. Jefferies Group’s price target would suggest a potential upside of 24.05% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Tsakos Energy Navigation to a “hold” rating in a research note to investors on Friday. 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 two have assigned a buy rating to the company. Tsakos Energy Navigation presently has an average rating of “Hold” and a consensus price target of $6.48.
Tsakos Energy Navigation (NYSE:TNP) traded up 0.76% on Tuesday, hitting $5.28. The stock had a trading volume of 27,035 shares. Tsakos Energy Navigation has a 52-week low of $3.04 and a 52-week high of $5.75. The stock’s 50-day moving average is $5.08 and its 200-day moving average is $4.62. The company’s market cap is $298.0 million.
Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
Tsakos Energy Navigation Limited (NYSE:TNP) is a provider of international seaborne crude oil and petroleum product transportation services.
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