Tsakos Energy Navigation Receives Average Recommendation of “Buy” from Brokerages (NYSE:TNP)
Shares of Tsakos Energy Navigation (NYSE:TNP) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Stock Ratings Network reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.32.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Tsakos Energy Navigation in a research note on Tuesday, July 8th. They set a “buy” rating and a $9.50 price target on the stock. Analysts at EuroPacific Canada raised their price target on shares of Tsakos Energy Navigation from $11.00 to $11.50 in a research note on Monday, May 19th.
Shares of Tsakos Energy Navigation (NYSE:TNP) opened at 6.86 on Wednesday. Tsakos Energy Navigation has a 52 week low of $4.52 and a 52 week high of $8.48. The stock has a 50-day moving average of $7.08 and a 200-day moving average of $7.05. The company’s market cap is $494.2 million.
Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Friday, May 16th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 31.6% on a year-over-year basis. On average, analysts predict that Tsakos Energy Navigation will post $0.46 earnings per share for the current fiscal year.
Tsakos Energy Navigation Ltd 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.