Tsakos Energy Navigation Ltd (NYSE:TNP)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They presently have a $6.00 price target on the shipping company’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 33.04% from the stock’s current price.

A number of other analysts have also weighed in on TNP. Wells Fargo & Company lowered shares of 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 report on Wednesday, August 2nd. BidaskClub lowered shares of Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, ValuEngine lowered shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Tsakos Energy Navigation presently has an average rating of “Hold” and a consensus price target of $5.75.

Tsakos Energy Navigation (TNP) opened at 4.51 on Tuesday. The stock has a market cap of $378.69 million, a P/E ratio of 11.90 and a beta of 1.69. The company’s 50-day moving average price is $4.63 and its 200-day moving average price is $4.64. Tsakos Energy Navigation has a one year low of $3.92 and a one year high of $5.31.

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Several large investors have recently modified their holdings of the company. WFG Advisors LP increased its position 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 worth $248,000 after acquiring an additional 156 shares during the period. Afam Capital Inc. increased its position in shares of Tsakos Energy Navigation by 69.8% during the second quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock worth $2,592,000 after acquiring an additional 221,995 shares during the period. State Street Corp increased its position 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 worth $538,000 after acquiring an additional 15,231 shares during the period. Stifel Financial Corp increased its position in shares of Tsakos Energy Navigation by 4.4% during the second quarter. Stifel Financial Corp now owns 264,892 shares of the shipping company’s stock worth $1,273,000 after acquiring an additional 11,238 shares during the period. Finally, Virtu KCG Holdings LLC increased its position 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 worth $250,000 after acquiring an additional 20,577 shares during the period. 25.98% of the stock is currently owned by institutional investors and hedge funds.

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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