Jefferies Group started coverage on shares of Tsakos Energy Navigation (NYSE:TNP) in a report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $6.00 price target on the shipping company’s stock. Jefferies Group’s price objective suggests a potential upside of 52.67% from the stock’s current price.

Several other research analysts also recently weighed in on TNP. BidaskClub upgraded Tsakos Energy Navigation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Cowen dropped their price target on Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Morgan Stanley dropped their price target on Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Maxim Group reiterated a “buy” rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, September 18th. Finally, Stifel Nicolaus set a $7.00 price target on Tsakos Energy Navigation and gave the company a “buy” rating in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.50.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded up $0.02 during mid-day trading on Monday, reaching $3.93. The company had a trading volume of 462,181 shares, compared to its average volume of 355,728. Tsakos Energy Navigation has a 1 year low of $3.82 and a 1 year high of $5.27. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a market cap of $331.91, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 9.02 and a beta of 1.51.

Tsakos Energy Navigation (NYSE:TNP) last announced its earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a return on equity of 2.02% and a net margin of 5.64%. The business had revenue of $96.92 million for the quarter, compared to analysts’ expectations of $101.62 million. sell-side analysts predict that Tsakos Energy Navigation will post 0.04 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Kopernik Global Investors LLC lifted its holdings in shares of Tsakos Energy Navigation by 20.5% in the 3rd quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock valued at $21,404,000 after buying an additional 811,357 shares during the period. Russell Investments Group Ltd. raised its holdings in Tsakos Energy Navigation by 37.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock worth $10,739,000 after purchasing an additional 653,517 shares during the period. Northern Trust Corp raised its holdings in Tsakos Energy Navigation by 795.2% in the 2nd quarter. Northern Trust Corp now owns 818,197 shares of the shipping company’s stock worth $3,928,000 after purchasing an additional 726,800 shares during the period. Wells Fargo & Company MN raised its holdings in Tsakos Energy Navigation by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 716,895 shares of the shipping company’s stock worth $3,441,000 after purchasing an additional 17,648 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Tsakos Energy Navigation by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 692,200 shares of the shipping company’s stock worth $3,323,000 after purchasing an additional 15,000 shares during the period. 26.08% of the stock is owned by institutional investors and hedge funds.

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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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