Tsakos Energy Navigation Ltd (TNP) to Release Quarterly Earnings on Friday
Tsakos Energy Navigation Ltd (NYSE:TNP) is scheduled to announce its earnings results before the market opens on Friday, September 15th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Shares of Tsakos Energy Navigation Ltd (TNP) opened at 4.52 on Friday. Tsakos Energy Navigation Ltd has a 52 week low of $3.92 and a 52 week high of $5.31. The firm has a market capitalization of $379.53 million, a PE ratio of 11.93 and a beta of 1.69. The stock has a 50 day moving average of $4.65 and a 200-day moving average of $4.64.
An institutional investor recently raised its position in Tsakos Energy Navigation stock. State Street Corp boosted its stake in shares of Tsakos Energy Navigation Ltd (NYSE:TNP) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,100 shares of the shipping company’s stock after purchasing an additional 15,231 shares during the quarter. State Street Corp owned about 0.13% of Tsakos Energy Navigation worth $538,000 at the end of the most recent reporting period. 25.98% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on TNP. Maxim Group set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Sunday, May 14th. BidaskClub cut shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research report on Tuesday, July 4th. Wells Fargo & Company cut shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 price objective for the company. in a research report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Tsakos Energy Navigation currently has a consensus rating of “Hold” and a consensus target price of $5.75.
Tsakos Energy Navigation Company Profile
Tsakos Energy Navigation Ltd 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 57 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.
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