Tsakos Energy Navigation Ltd (NYSE:TNP) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently commented on TNP. Jefferies Group LLC restated a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. Wells Fargo & Company cut Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 price objective on the stock. in a research note on Wednesday, August 2nd. Maxim Group set a $7.00 price objective on Tsakos Energy Navigation and gave the stock a “buy” rating in a research note on Sunday, May 14th. Zacks Investment Research cut Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Finally, ValuEngine cut Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.75.

Tsakos Energy Navigation (NYSE:TNP) opened at 4.57 on Friday. The firm has a 50-day moving average price of $4.78 and a 200 day moving average price of $4.65. The stock has a market cap of $383.72 million, a price-to-earnings ratio of 12.06 and a beta of 1.69. Tsakos Energy Navigation has a 1-year low of $3.92 and a 1-year high of $5.41.

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Several hedge funds have recently made changes to their positions in TNP. Stifel Financial Corp raised its stake in shares of Tsakos Energy Navigation by 37.2% in the first quarter. Stifel Financial Corp now owns 253,654 shares of the shipping company’s stock worth $1,220,000 after buying an additional 68,760 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Tsakos Energy Navigation by 34.5% in the first quarter. Wells Fargo & Company MN now owns 699,247 shares of the shipping company’s stock worth $3,349,000 after buying an additional 179,537 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Tsakos Energy Navigation by 8.1% in the first quarter. Parametric Portfolio Associates LLC now owns 908,886 shares of the shipping company’s stock worth $4,354,000 after buying an additional 67,863 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Tsakos Energy Navigation by 49.8% in the first quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock worth $130,000 after buying an additional 9,060 shares during the last quarter. Finally, Foundation Resource Management Inc. raised its stake in shares of Tsakos Energy Navigation by 1.3% in the second quarter. Foundation Resource Management Inc. now owns 626,916 shares of the shipping company’s stock worth $3,009,000 after buying an additional 7,910 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

About Tsakos Energy Navigation

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.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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