Tsakos Energy Navigation (NYSE:TNP) Stock Rating Lowered by StockNews.com

Tsakos Energy Navigation (NYSE:TNP – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group boosted their target price on shares of Tsakos Energy Navigation from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. TheStreet raised shares of Tsakos Energy Navigation from a “c+” rating to a “b” rating in a research report on Thursday, April 27th.

Tsakos Energy Navigation Price Performance

Shares of NYSE:TNP opened at $17.03 on Friday. The firm has a market cap of $502.49 million, a PE ratio of 2.92 and a beta of 0.09. The firm’s fifty day moving average is $18.89 and its 200-day moving average is $18.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. Tsakos Energy Navigation has a 52 week low of $8.40 and a 52 week high of $24.78.

Tsakos Energy Navigation (NYSE:TNP – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The shipping company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.07. The company had revenue of $224.12 million for the quarter, compared to analyst estimates of $225.00 million. Tsakos Energy Navigation had a net margin of 23.74% and a return on equity of 28.46%. Sell-side analysts predict that Tsakos Energy Navigation will post 9.15 earnings per share for the current year.

Institutional Investors Weigh In On Tsakos Energy Navigation

Institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Tsakos Energy Navigation in the 3rd quarter worth about $46,000. Aigen Investment Management LP bought a new position in shares of Tsakos Energy Navigation during the 3rd quarter valued at approximately $156,000. AE Wealth Management LLC bought a new position in shares of Tsakos Energy Navigation during the 4th quarter valued at approximately $549,000. Maxi Investments CY Ltd bought a new position in shares of Tsakos Energy Navigation during the 3rd quarter valued at approximately $305,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Tsakos Energy Navigation by 106.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 90,668 shares of the shipping company’s stock valued at $1,385,000 after acquiring an additional 46,773 shares during the period. 36.87% of the stock is owned by institutional investors.

Tsakos Energy Navigation Company Profile

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Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.