Tsakos Energy Navigation Ltd (NYSE:TNP) had its target price dropped by investment analysts at Cowen and Company from $7.00 to $6.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the shipping company’s stock. Cowen and Company’s target price points to a potential upside of 31.87% from the stock’s current price.

A number of other analysts have also recently weighed in on TNP. ValuEngine cut shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a report on Tuesday, July 4th. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company cut shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a report on Wednesday, August 2nd. Two 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.75.

Tsakos Energy Navigation (NYSE TNP) traded down 2.41% during midday trading on Friday, reaching $4.45. The company had a trading volume of 397,180 shares. Tsakos Energy Navigation has a 52-week low of $3.92 and a 52-week high of $5.28. The company’s 50 day moving average is $4.59 and its 200-day moving average is $4.63. The company has a market capitalization of $373.65 million, a P/E ratio of 11.74 and a beta of 1.69.

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A number of large investors have recently modified their holdings of TNP. Ameriprise Financial Inc. boosted its stake in Tsakos Energy Navigation by 49.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock worth $130,000 after purchasing an additional 9,060 shares during the period. KCG Holdings Inc. boosted its stake in Tsakos Energy Navigation by 74.6% in the 1st quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock worth $151,000 after purchasing an additional 13,473 shares during the period. Creative Planning boosted its stake in Tsakos Energy Navigation by 59.1% in the 2nd quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock worth $202,000 after purchasing an additional 15,660 shares during the period. WFG Advisors LP boosted its stake in Tsakos Energy Navigation by 0.3% in the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after purchasing an additional 156 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in Tsakos Energy Navigation by 65.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after purchasing an additional 20,577 shares during the period. Hedge funds and other institutional investors own 25.98% of the company’s stock.

About Tsakos Energy Navigation

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.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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