Tsakos Energy Navigation Ltd. (NYSE:TNP) has been given an average rating of “Hold” by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.50.

Several analysts recently commented on TNP shares. Cowen cut their price objective on Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, September 15th. Maxim Group set a $6.00 target price on Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. Jefferies Group restated a “buy” rating and issued a $6.00 price objective on shares of Tsakos Energy Navigation in a research report on Tuesday, September 12th. Finally, Morgan Stanley lowered their price objective on Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating on the stock in a research report on Monday, September 18th.

Shares of Tsakos Energy Navigation (TNP) remained flat at $$3.98 during trading hours on Friday. 213,783 shares of the company’s stock were exchanged, compared to its average volume of 310,571. The firm has a market cap of $334.96, a PE ratio of 19.90, a PEG ratio of 0.79 and a beta of 1.52. Tsakos Energy Navigation has a one year low of $3.82 and a one year high of $5.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The company had revenue of $96.92 million for the quarter, compared to analysts’ expectations of $101.62 million. Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. equities analysts predict that Tsakos Energy Navigation will post 0.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.20 annualized dividend and a dividend yield of 5.03%. Tsakos Energy Navigation’s payout ratio is 100.00%.

Several institutional investors have recently made changes to their positions in TNP. Kopernik Global Investors LLC lifted its position in shares of Tsakos Energy Navigation by 20.5% in the third quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock valued at $21,404,000 after acquiring an additional 811,357 shares in the last quarter. Northern Trust Corp lifted its position in shares of Tsakos Energy Navigation by 795.2% in the second quarter. Northern Trust Corp now owns 818,197 shares of the shipping company’s stock worth $3,928,000 after buying an additional 726,800 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Tsakos Energy Navigation by 37.6% in the third quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock worth $10,739,000 after buying an additional 653,517 shares in the last quarter. Afam Capital Inc. lifted its position in shares of Tsakos Energy Navigation by 69.8% in the second quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock worth $2,592,000 after buying an additional 221,995 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Tsakos Energy Navigation by 218.3% in the third quarter. JPMorgan Chase & Co. now owns 323,107 shares of the shipping company’s stock worth $1,473,000 after buying an additional 221,587 shares in the last quarter. Institutional investors and hedge funds own 25.96% 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.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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