Shares of Tsakos Energy Navigation Ltd (NYSE:TNP) have earned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.57.

A number of equities research analysts have issued reports on TNP shares. Jefferies Group LLC reissued a “buy” rating and issued a $6.00 price target on shares of Tsakos Energy Navigation in a report on Tuesday, July 4th. BidaskClub downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Wells Fargo & Company downgraded shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 price objective for the company. in a research note on Wednesday, August 2nd. Cowen and Company dropped their target price on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, September 15th. Finally, Maxim Group reiterated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a report on Monday, September 18th.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded up 1.34% on Wednesday, hitting $4.55. The stock had a trading volume of 134,044 shares. Tsakos Energy Navigation has a 1-year low of $3.92 and a 1-year high of $5.28. The firm has a 50 day moving average of $4.55 and a 200-day moving average of $4.63. The firm has a market capitalization of $383.49 million, a price-to-earnings ratio of 23.10 and a beta of 1.70.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly 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 net margin of 6.86% and a return on equity of 2.48%. The firm had revenue of $104.06 million for the quarter, compared to the consensus estimate of $108.51 million. Equities analysts predict that Tsakos Energy Navigation will post $0.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, November 8th. Tsakos Energy Navigation’s payout ratio is currently 95.24%.

TRADEMARK VIOLATION WARNING: “Tsakos Energy Navigation Ltd (TNP) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/02/tsakos-energy-navigation-ltd-tnp-receives-consensus-recommendation-of-hold-from-brokerages.html.

Several large investors have recently bought and sold shares of TNP. Ameriprise Financial Inc. boosted its stake in shares of Tsakos Energy Navigation by 49.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,235 shares of the shipping company’s stock valued at $130,000 after purchasing an additional 9,060 shares in the last quarter. KCG Holdings Inc. increased its position in shares of Tsakos Energy Navigation by 74.6% during the first quarter. KCG Holdings Inc. now owns 31,543 shares of the shipping company’s stock valued at $151,000 after buying an additional 13,473 shares during the period. Creative Planning increased its position in shares of Tsakos Energy Navigation by 59.1% during the second quarter. Creative Planning now owns 42,160 shares of the shipping company’s stock valued at $202,000 after buying an additional 15,660 shares during the period. 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 valued at $248,000 after buying an additional 156 shares during the period. Finally, Virtu KCG Holdings LLC raised its stake in Tsakos Energy Navigation by 65.2% in the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after buying an additional 20,577 shares in the last quarter. 25.98% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Tsakos Energy Navigation Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation Ltd and related stocks with our FREE daily email newsletter.