Tsakos Energy Navigation Ltd (NYSE:TNP) had its target price reduced by Cowen and Company from $7.00 to $6.00 in a report released on Friday, MarketBeat reports. They currently have a buy rating on the shipping company’s stock.

A number of other equities analysts have also issued reports on TNP. ValuEngine lowered Tsakos Energy Navigation from a buy rating to a hold rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a buy rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. BidaskClub raised Tsakos Energy Navigation from a sell rating to a hold rating in a research note on Thursday, July 6th. Finally, Wells Fargo & Company lowered Tsakos Energy Navigation from an outperform rating to a market perform rating and set a $3.00 price target for the company. in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $5.75.

Tsakos Energy Navigation (NYSE TNP) opened at 4.45 on Friday. Tsakos Energy Navigation has a one year low of $3.92 and a one year high of $5.28. The company’s 50-day moving average price is $4.58 and its 200 day moving average price is $4.63. The firm has a market capitalization of $373.65 million, a PE ratio of 11.74 and a beta of 1.69.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Friday, September 15th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). The firm had revenue of $104.06 million for the quarter, compared to the consensus estimate of $108.51 million. Tsakos Energy Navigation had a net margin of 9.61% and a return on equity of 3.40%. On average, analysts forecast that Tsakos Energy Navigation will post $0.35 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. WFG Advisors LP lifted its position in shares of Tsakos Energy Navigation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock valued at $248,000 after acquiring an additional 156 shares during the last quarter. Afam Capital Inc. lifted its position in shares of Tsakos Energy Navigation by 69.8% during the 2nd quarter. Afam Capital Inc. now owns 540,084 shares of the shipping company’s stock valued at $2,592,000 after acquiring an additional 221,995 shares during the last quarter. State Street Corp lifted its position in shares of Tsakos Energy Navigation by 15.7% during the 2nd quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock valued at $538,000 after acquiring an additional 15,231 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Tsakos Energy Navigation by 4.4% during the 2nd quarter. Stifel Financial Corp now owns 264,892 shares of the shipping company’s stock valued at $1,273,000 after acquiring an additional 11,238 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in shares of Tsakos Energy Navigation by 65.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after acquiring an additional 20,577 shares during the last quarter. Institutional investors own 25.98% of the company’s stock.

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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