Tsakos Energy Navigation Now Covered by Analysts at Maxim Group (TNP)
Maxim Group initiated coverage on shares of Tsakos Energy Navigation (NYSE:TNP) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $12.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 90.48% from the company’s current price.
TNP has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities upgraded shares of Tsakos Energy Navigation from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, analysts at TheStreet upgraded shares of Tsakos Energy Navigation to a “hold” rating in a research note to investors on Friday, October 18th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $7.60.
Shares of Tsakos Energy Navigation (NYSE:TNP) traded up 7.62% during mid-day trading on Thursday, hitting $6.78. The stock had a trading volume of 450,954 shares. Tsakos Energy Navigation has a one year low of $3.29 and a one year high of $6.47. The stock has a 50-day moving average of $5.44 and a 200-day moving average of $5.10. The company’s market cap is $386.0 million.
Tsakos Energy Navigation (NYSE:TNP) last released its earnings data on Wednesday, November 20th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.18) earnings per share. Analysts expect that Tsakos Energy Navigation will post $-0.12 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.
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