Tsakos Energy Navigation Upgraded to “Buy” by Global Hunter Securities (TNP)
Tsakos Energy Navigation (NYSE:TNP) was upgraded by equities research analysts at Global Hunter Securities from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TNP. Analysts at Jefferies Group raised their price target on shares of Tsakos Energy Navigation from $6.00 to $6.50 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Analysts at TheStreet upgraded shares of Tsakos Energy Navigation to a “hold” rating in a research note to investors on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.13.
Tsakos Energy Navigation (NYSE:TNP) opened at 5.94 on Monday. Tsakos Energy Navigation has a 52 week low of $3.29 and a 52 week high of $6.19. The stock has a 50-day moving average of $5.3 and a 200-day moving average of $5.06. The company’s market cap is $338.1 million.
Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings results on Wednesday, November 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $73.80 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. On average, analysts predict that Tsakos Energy Navigation will post $-0.12 earnings per share for the current fiscal year.
Tsakos Energy Navigation Limited (NYSE:TNP) is a provider of international seaborne crude oil and petroleum product transportation services.
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