Tsakos Energy Navigation Ltd (NYSE:TNP) had its price target decreased by stock analysts at Morgan Stanley from $6.00 to $5.50 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the shipping company’s stock. Morgan Stanley’s price objective points to a potential upside of 23.60% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. BidaskClub cut Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Tsakos Energy Navigation in a report on Tuesday, July 4th. Cowen and Company decreased their target price on Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company cut Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 target price on the stock. in a report on Wednesday, August 2nd. Finally, ValuEngine cut Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Tsakos Energy Navigation presently has a consensus rating of “Hold” and an average price target of $5.71.

Tsakos Energy Navigation (NYSE TNP) traded down 0.22% during mid-day trading on Monday, hitting $4.44. The company had a trading volume of 86,686 shares. The firm’s 50 day moving average is $4.58 and its 200 day moving average is $4.63. The company has a market capitalization of $372.81 million, a price-to-earnings ratio of 11.72 and a beta of 1.69. Tsakos Energy Navigation has a 52 week low of $3.92 and a 52 week high of $5.28.

Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Friday, September 15th. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). Tsakos Energy Navigation had a return on equity of 2.48% and a net margin of 6.86%. The company had revenue of $104.06 million during the quarter, compared to the consensus estimate of $108.51 million. On average, equities research analysts predict that Tsakos Energy Navigation will post $0.35 EPS for the current year.

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Large investors have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in Tsakos Energy Navigation by 37.2% during the first quarter. Stifel Financial Corp now owns 253,654 shares of the shipping company’s stock valued at $1,220,000 after acquiring an additional 68,760 shares during the period. Wells Fargo & Company MN raised its holdings in Tsakos Energy Navigation by 34.5% during the first quarter. Wells Fargo & Company MN now owns 699,247 shares of the shipping company’s stock valued at $3,349,000 after acquiring an additional 179,537 shares during the period. Morgan Stanley raised its holdings in Tsakos Energy Navigation by 124.0% during the first quarter. Morgan Stanley now owns 444,556 shares of the shipping company’s stock valued at $2,129,000 after acquiring an additional 246,081 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Tsakos Energy Navigation by 8.1% during the first quarter. Parametric Portfolio Associates LLC now owns 908,886 shares of the shipping company’s stock valued at $4,354,000 after acquiring an additional 67,863 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Tsakos Energy Navigation by 49.8% during the first quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after acquiring an additional 9,060 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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