Stifel Nicolaus Analysts Give Tsakos Energy Navigation (TNP) a $6.00 Price Target

Stifel Nicolaus set a $6.00 price objective on Tsakos Energy Navigation (NYSE:TNP) in a research report released on Wednesday morning. The firm currently has a buy rating on the shipping company’s stock.

Several other research analysts also recently commented on the stock. Maxim Group set a $6.00 price objective on shares of Tsakos Energy Navigation and gave the company a buy rating in a research report on Friday, November 17th. Jefferies Group started coverage on shares of Tsakos Energy Navigation in a report on Monday, December 18th. They set a buy rating and a $6.00 price target for the company. ValuEngine downgraded shares of Tsakos Energy Navigation from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded shares of Tsakos Energy Navigation from a hold rating to a strong sell rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $5.36.

Tsakos Energy Navigation (TNP) opened at $4.00 on Wednesday. Tsakos Energy Navigation has a 1 year low of $3.82 and a 1 year high of $5.27. The company has a market cap of $339.55, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.03.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. The firm had revenue of $96.92 million for the quarter, compared to analyst estimates of $101.62 million. equities research analysts anticipate that Tsakos Energy Navigation will post 0.02 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.20 annualized dividend and a dividend yield of 5.00%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 181.82%.

Several large investors have recently made changes to their positions in the company. Kopernik Global Investors LLC increased its holdings in shares of Tsakos Energy Navigation by 20.5% during the third quarter. Kopernik Global Investors LLC now owns 4,766,897 shares of the shipping company’s stock worth $21,404,000 after buying an additional 811,357 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Tsakos Energy Navigation by 37.6% during the third quarter. Russell Investments Group Ltd. now owns 2,391,789 shares of the shipping company’s stock worth $10,739,000 after buying an additional 653,517 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tsakos Energy Navigation by 795.2% during the second quarter. Northern Trust Corp now owns 818,197 shares of the shipping company’s stock worth $3,928,000 after buying an additional 726,800 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Tsakos Energy Navigation by 2.5% during the second quarter. Wells Fargo & Company MN now owns 716,895 shares of the shipping company’s stock worth $3,441,000 after buying an additional 17,648 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Tsakos Energy Navigation by 2.2% during the second quarter. California Public Employees Retirement System now owns 692,200 shares of the shipping company’s stock worth $3,323,000 after buying an additional 15,000 shares in the last quarter. Institutional investors own 25.80% 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. 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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