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Research analysts at EuroPacific Canada hoisted their price target on shares of Tsakos Energy Navigation (NYSE:TNP) from $11.00 to $11.50 in a report released on Monday. EuroPacific Canada’s target price indicates a potential upside of 65.47% from the stock’s previous close.

Separately, analysts at Eurobank EFG initiated coverage on shares of Tsakos Energy Navigation in a research note on Wednesday, March 26th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $9.28.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded up 3.31% during mid-day trading on Monday, hitting $7.18. 493,935 shares of the company’s stock traded hands. Tsakos Energy Navigation has a 1-year low of $3.88 and a 1-year high of $8.48. The stock’s 50-day moving average is $7.28 and its 200-day moving average is $6.50. The company’s market cap is $478.5 million.

Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Friday, May 16th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.04. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $87.87 million. During the same quarter last year, the company posted $0.02 earnings per share. Tsakos Energy Navigation’s revenue was up 31.6% compared to the same quarter last year. On average, analysts predict that Tsakos Energy Navigation will post $0.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Monday, August 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, August 7th.

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services.

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