TSAKOS ENERGY N/SH (TNP) Receives Consensus Rating of “Hold” from Analysts
Shares of TSAKOS ENERGY N/SH (NYSE:TNP) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.50.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 23rd. Maxim Group reissued a “buy” rating and issued a $4.50 price target on shares of TSAKOS ENERGY N/SH in a research report on Monday, November 19th. Morgan Stanley downgraded shares of TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Co reduced their price target on shares of TSAKOS ENERGY N/SH from $3.20 to $3.00 and set a “buy” rating for the company in a research report on Monday, December 3rd.
A number of hedge funds and other institutional investors have recently bought and sold shares of TNP. Mirae Asset Global Investments Co. Ltd. acquired a new stake in TSAKOS ENERGY N/SH in the 3rd quarter valued at $4,025,000. Camarda Financial Advisors LLC grew its position in TSAKOS ENERGY N/SH by 2,961.6% in the 4th quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock valued at $1,604,000 after purchasing an additional 583,429 shares during the period. WealthTrust Axiom LLC grew its position in TSAKOS ENERGY N/SH by 20.8% in the 3rd quarter. WealthTrust Axiom LLC now owns 399,150 shares of the shipping company’s stock valued at $1,353,000 after purchasing an additional 68,650 shares during the period. Renaissance Technologies LLC grew its position in TSAKOS ENERGY N/SH by 2.9% in the 3rd quarter. Renaissance Technologies LLC now owns 2,217,100 shares of the shipping company’s stock valued at $7,516,000 after purchasing an additional 62,300 shares during the period. Finally, FMR LLC lifted its stake in TSAKOS ENERGY N/SH by 11.1% during the 2nd quarter. FMR LLC now owns 500,307 shares of the shipping company’s stock valued at $1,861,000 after acquiring an additional 50,000 shares in the last quarter. 23.47% of the stock is owned by institutional investors and hedge funds.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings data on Friday, November 30th. The shipping company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.09). The company had revenue of $92.60 million for the quarter, compared to analyst estimates of $99.89 million. TSAKOS ENERGY N/SH had a negative return on equity of 2.18% and a negative net margin of 9.04%. Analysts anticipate that TSAKOS ENERGY N/SH will post -0.66 earnings per share for the current year.
TSAKOS ENERGY N/SH Company Profile
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
Recommended Story: What is the Current Ratio?
Receive News & Ratings for TSAKOS ENERGY N/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TSAKOS ENERGY N/SH and related companies with MarketBeat.com's FREE daily email newsletter.