Tsakos Energy Navigation (NYSE:TNP) had its target price decreased by JPMorgan Chase & Co. from $5.50 to $5.00 in a report issued on Friday. The firm presently has an “overweight” rating on the shipping company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 43.27% from the company’s current price.

TNP has been the subject of several other reports. Morgan Stanley cut their price objective on Tsakos Energy Navigation from $5.50 to $4.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Zacks Investment Research lowered Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th. ValuEngine lowered Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Maxim Group cut their price objective on Tsakos Energy Navigation from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, March 13th. Finally, Jefferies Group initiated coverage on Tsakos Energy Navigation in a research note on Monday, December 18th. They set a “buy” rating and a $6.00 price objective for the company. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Tsakos Energy Navigation presently has a consensus rating of “Hold” and an average price target of $5.00.

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Shares of Tsakos Energy Navigation (TNP) opened at $3.49 on Friday. Tsakos Energy Navigation has a 52 week low of $3.11 and a 52 week 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 company has a market capitalization of $302.20, a P/E ratio of -19.39, a price-to-earnings-growth ratio of 22.65 and a beta of 1.37.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings data on Monday, March 12th. The shipping company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. Tsakos Energy Navigation had a return on equity of 1.34% and a net margin of 1.44%. The company had revenue of $106.64 million during the quarter, compared to analyst estimates of $110.06 million. equities analysts anticipate that Tsakos Energy Navigation will post 0.02 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $466,000. Goldman Sachs Group Inc. purchased a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $237,000. Kopernik Global Investors LLC grew its position in shares of Tsakos Energy Navigation by 12.8% in the fourth quarter. Kopernik Global Investors LLC now owns 5,376,985 shares of the shipping company’s stock valued at $21,024,000 after purchasing an additional 610,088 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Tsakos Energy Navigation by 534.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,609 shares of the shipping company’s stock valued at $374,000 after purchasing an additional 80,538 shares in the last quarter. Finally, Afam Capital Inc. grew its position in shares of Tsakos Energy Navigation by 2.8% in the fourth quarter. Afam Capital Inc. now owns 566,948 shares of the shipping company’s stock valued at $2,217,000 after purchasing an additional 15,710 shares in the last quarter. Institutional investors and hedge funds own 27.23% of the company’s stock.

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About Tsakos Energy Navigation

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. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

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