Tsakos Energy Navigation Ltd (NYSE:TNP) has received an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.57.

A number of analysts have issued reports on TNP shares. Jefferies Group LLC reissued a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a report on Monday, October 16th. Maxim Group reissued a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a report on Monday, September 18th. Cowen and Company cut their price objective on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, September 15th. BidaskClub raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company downgraded 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 report on Wednesday, August 2nd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in Tsakos Energy Navigation by 124.0% in the 1st quarter. Morgan Stanley now owns 444,556 shares of the shipping company’s stock valued at $2,129,000 after acquiring an additional 246,081 shares during the period. Parametric Portfolio Associates LLC increased its position in Tsakos Energy Navigation by 8.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 908,886 shares of the shipping company’s stock valued at $4,354,000 after acquiring an additional 67,863 shares during the period. Ameriprise Financial Inc. increased its position 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 valued at $130,000 after acquiring an additional 9,060 shares during the period. Foundation Resource Management Inc. increased its position in Tsakos Energy Navigation by 1.3% in the 2nd quarter. Foundation Resource Management Inc. now owns 626,916 shares of the shipping company’s stock valued at $3,009,000 after acquiring an additional 7,910 shares during the period. Finally, Blair William & Co. IL increased its position in Tsakos Energy Navigation by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock valued at $1,030,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 25.95% of the company’s stock.

Tsakos Energy Navigation (NYSE TNP) traded down 0.83% during midday trading on Friday, hitting $4.79. 204,836 shares of the company traded hands. The stock’s 50-day moving average price is $4.55 and its 200 day moving average price is $4.62. The company has a market capitalization of $406.61 million, a price-to-earnings ratio of 10.19 and a beta of 1.70. Tsakos Energy Navigation has a 12-month low of $3.92 and a 12-month high of $5.28.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). Tsakos Energy Navigation had a net margin of 6.86% and a return on equity of 2.39%. The company had revenue of $104.06 million during the quarter, compared to analyst estimates of $108.51 million. On average, equities analysts forecast that Tsakos Energy Navigation will post $0.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Wednesday, November 8th. Tsakos Energy Navigation’s dividend payout ratio is 95.24%.

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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.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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