Tsakos Energy Navigation Ltd (NYSE:TNP) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.75.

A number of research analysts recently weighed in on TNP shares. Maxim Group set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Sunday, May 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, April 24th. ValuEngine lowered shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNP. Ameriprise Financial Inc. raised its position in Tsakos Energy Navigation by 49.8% in the first quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock worth $130,000 after buying an additional 9,060 shares during the period. KCG Holdings Inc. raised its position in Tsakos Energy Navigation by 74.6% in the first quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock worth $151,000 after buying an additional 13,473 shares during the period. Creative Planning raised its position in Tsakos Energy Navigation by 59.1% in the second quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock worth $202,000 after buying an additional 15,660 shares during the period. Essex Investment Management Co. LLC raised its position in Tsakos Energy Navigation by 29.9% in the first quarter. Essex Investment Management Co. LLC now owns 99,023 shares of the shipping company’s stock worth $474,000 after buying an additional 22,802 shares during the period. Finally, HPM Partners LLC purchased a new position in Tsakos Energy Navigation during the first quarter worth approximately $484,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded down 0.21% during midday trading on Tuesday, hitting $4.80. The company had a trading volume of 311,424 shares. The company has a market capitalization of $403.04 million, a price-to-earnings ratio of 12.66 and a beta of 1.69. Tsakos Energy Navigation has a 12-month low of $3.92 and a 12-month high of $5.41. The company’s 50-day moving average price is $4.82 and its 200 day moving average price is $4.69.

Tsakos Energy Navigation (NYSE:TNP) last released its quarterly earnings data on Friday, May 12th. The shipping company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Tsakos Energy Navigation had a net margin of 9.61% and a return on equity of 3.40%. The business had revenue of $108.16 million during the quarter, compared to analyst estimates of $113.51 million. Equities research analysts predict that Tsakos Energy Navigation will post $0.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Tuesday, July 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.17%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 51.28%.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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