Tsakos Energy Navigation (NYSE:TNP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other research firms also recently weighed in on TNP. Stifel Nicolaus set a $7.00 price target on Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Maxim Group reiterated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a research report on Monday, September 18th. Jefferies Group reiterated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a research report on Monday, October 16th. BidaskClub upgraded Tsakos Energy Navigation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Morgan Stanley lowered their target price on Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.50.

Tsakos Energy Navigation (TNP) traded up $0.03 during trading on Tuesday, reaching $3.91. 332,620 shares of the company traded hands, compared to its average volume of 384,442. The stock has a market cap of $329.89, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 9.02 and a beta of 1.51. Tsakos Energy Navigation has a one year low of $3.82 and a one year high of $5.27. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a return on equity of 2.02% and a net margin of 5.64%. The business had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. analysts predict that Tsakos Energy Navigation will post 0.04 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in TNP. Ameriprise Financial Inc. increased its stake in Tsakos Energy Navigation by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after purchasing an additional 2,104 shares during the period. WFG Advisors LP increased its stake in shares of Tsakos Energy Navigation by 0.3% during the second quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after buying an additional 156 shares during the period. Virtu KCG Holdings LLC increased its stake in shares of Tsakos Energy Navigation by 65.2% during the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after buying an additional 20,577 shares during the period. State Street Corp increased its stake in shares of Tsakos Energy Navigation by 15.7% during the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock valued at $538,000 after buying an additional 15,231 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Tsakos Energy Navigation by 1.2% during the second quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock valued at $1,030,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 26.08% of the company’s stock.

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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.

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Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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