Tsakos Energy Navigation (NYSE:TNP) had its price target lowered by investment analysts at Morgan Stanley from $5.50 to $4.00 in a research note issued on Monday. The brokerage presently has an “overweight” rating on the shipping company’s stock. Morgan Stanley’s price target would suggest a potential upside of 19.76% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Maxim Group set a $6.00 target price on Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Thursday, November 30th. 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. Jefferies Group restated a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, October 16th. ValuEngine lowered Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $5.14.
Shares of Tsakos Energy Navigation (TNP) traded up $0.13 during trading hours on Monday, hitting $3.34. The stock had a trading volume of 57,638 shares, compared to its average volume of 398,202. 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 has a twelve month low of $3.11 and a twelve month high of $5.27. The stock has a market capitalization of $270.83, a P/E ratio of 16.70, a P/E/G ratio of 2.96 and a beta of 1.33.
Large investors have recently added to or reduced their stakes in the business. Wall Street Access Asset Management LLC lifted its holdings in shares of Tsakos Energy Navigation by 4.4% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 23,500 shares of the shipping company’s stock worth $110,000 after purchasing an additional 1,000 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Tsakos Energy Navigation by 118.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 25,300 shares of the shipping company’s stock worth $122,000 after purchasing an additional 13,700 shares during the last quarter. Creative Planning lifted its holdings in shares of Tsakos Energy Navigation by 10.4% in the 2nd quarter. Creative Planning now owns 26,500 shares of the shipping company’s stock worth $124,000 after purchasing an additional 2,500 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Tsakos Energy Navigation in the 2nd quarter valued at approximately $151,000. 26.00% of the stock is currently owned by institutional investors.
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. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.
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