TSAKOS ENERGY N/SH (NYSE:TNP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.83.

TNP traded up $0.02 on Thursday, reaching $3.42. 205,241 shares of the stock were exchanged, compared to its average volume of 167,469. The company’s 50-day moving average price is $3.49 and its 200 day moving average price is $3.22. TSAKOS ENERGY N/SH has a fifty-two week low of $2.56 and a fifty-two week high of $4.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.08 and a quick ratio of 1.03. The firm has a market capitalization of $291.24 million, a PE ratio of -4.44 and a beta of 1.30.

TSAKOS ENERGY N/SH (NYSE:TNP) last issued its quarterly earnings results on Friday, September 6th. The shipping company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). TSAKOS ENERGY N/SH had a negative return on equity of 0.02% and a negative net margin of 11.59%. The firm had revenue of $108.83 million for the quarter, compared to analyst estimates of $99.61 million. As a group, equities analysts forecast that TSAKOS ENERGY N/SH will post 0.49 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of TNP. Foundation Resource Management Inc. boosted its holdings in TSAKOS ENERGY N/SH by 0.9% in the second quarter. Foundation Resource Management Inc. now owns 480,816 shares of the shipping company’s stock worth $1,582,000 after acquiring an additional 4,339 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of TSAKOS ENERGY N/SH during the second quarter valued at $271,000. Envestnet Asset Management Inc. lifted its holdings in shares of TSAKOS ENERGY N/SH by 42.1% during the second quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 7,159 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TSAKOS ENERGY N/SH by 53.9% during the second quarter. JPMorgan Chase & Co. now owns 114,432 shares of the shipping company’s stock valued at $364,000 after purchasing an additional 40,080 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its holdings in shares of TSAKOS ENERGY N/SH by 4.4% during the second quarter. WealthTrust Axiom LLC now owns 434,002 shares of the shipping company’s stock valued at $1,427,000 after purchasing an additional 18,352 shares in the last quarter. 22.07% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Cost of Equity For A Business, Investors

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Analyst Recommendations for TSAKOS ENERGY N/SH (NYSE:TNP)

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