Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) have been given an average rating of “Buy” by the six research firms that are covering the company. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.50.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Morgan Stanley set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Monday, September 12th.

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Tsakos Energy Navigation (NYSE:TNP) traded up 1.83% during trading on Tuesday, hitting $4.45. 318,026 shares of the stock traded hands. Tsakos Energy Navigation has a 52-week low of $3.92 and a 52-week high of $8.12. The stock has a market cap of $374.49 million, a P/E ratio of 3.64 and a beta of 2.13. The stock has a 50 day moving average price of $4.64 and a 200-day moving average price of $5.08.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm earned $119.85 million during the quarter. Tsakos Energy Navigation had a net margin of 23.06% and a return on equity of 8.59%. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that Tsakos Energy Navigation will post $0.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Friday, November 4th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend was Wednesday, November 2nd. Tsakos Energy Navigation’s dividend payout ratio is presently 26.02%.

Several large investors have recently modified their holdings of the company. Oxford Asset Management boosted its stake in shares of Tsakos Energy Navigation by 34.8% in the second quarter. Oxford Asset Management now owns 303,897 shares of the company’s stock worth $1,425,000 after buying an additional 78,440 shares during the last quarter. LSV Asset Management boosted its stake in shares of Tsakos Energy Navigation by 123.5% in the second quarter. LSV Asset Management now owns 2,010,674 shares of the company’s stock worth $9,430,000 after buying an additional 1,110,999 shares during the last quarter. Princeton Alpha Management LP boosted its stake in shares of Tsakos Energy Navigation by 87.3% in the second quarter. Princeton Alpha Management LP now owns 32,874 shares of the company’s stock worth $154,000 after buying an additional 15,320 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Tsakos Energy Navigation by 49.5% in the second quarter. GSA Capital Partners LLP now owns 380,847 shares of the company’s stock worth $1,786,000 after buying an additional 126,115 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Tsakos Energy Navigation during the second quarter worth approximately $4,668,000. 26.00% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited 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 50 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.

5 Day Chart for NYSE:TNP

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