Shares of TSAKOS ENERGY N/SH (NYSE:TNP) have been given a consensus rating of “Buy” by the seven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.38.
Several analysts recently weighed in on the company. Wells Fargo & Co lowered their price objective on TSAKOS ENERGY N/SH from $3.20 to $3.00 and set a “buy” rating for the company in a report on Monday, December 3rd. Maxim Group reissued a “buy” rating and issued a $4.50 price objective on shares of TSAKOS ENERGY N/SH in a report on Monday, November 19th. Finally, JPMorgan Chase & Co. lowered TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 23rd.
A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in TSAKOS ENERGY N/SH by 2.9% in the third quarter. Renaissance Technologies LLC now owns 2,217,100 shares of the shipping company’s stock valued at $7,516,000 after acquiring an additional 62,300 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in TSAKOS ENERGY N/SH in the third quarter valued at approximately $4,025,000. Camarda Financial Advisors LLC boosted its stake in TSAKOS ENERGY N/SH by 2,961.6% in the fourth quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock valued at $1,604,000 after acquiring an additional 583,429 shares during the period. FMR LLC boosted its stake in TSAKOS ENERGY N/SH by 11.1% in the second quarter. FMR LLC now owns 500,307 shares of the shipping company’s stock valued at $1,861,000 after acquiring an additional 50,000 shares during the period. Finally, California Public Employees Retirement System boosted its stake in TSAKOS ENERGY N/SH by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock valued at $1,239,000 after acquiring an additional 8,798 shares during the period. 23.87% of the stock is owned by hedge funds and other institutional investors.
TSAKOS ENERGY N/SH stock traded down $0.04 during midday trading on Friday, hitting $3.08. The stock had a trading volume of 44,553 shares, compared to its average volume of 103,415. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. The firm has a market cap of $264.85 million, a P/E ratio of 12.83 and a beta of 1.41. TSAKOS ENERGY N/SH has a 12 month low of $2.56 and a 12 month high of $3.99.
TSAKOS ENERGY N/SH (NYSE:TNP) last announced its quarterly earnings data on Friday, November 30th. The shipping company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.09). The firm had revenue of $92.60 million during the quarter, compared to the consensus estimate of $99.89 million. TSAKOS ENERGY N/SH had a negative net margin of 9.04% and a negative return on equity of 2.18%. As a group, equities research analysts anticipate that TSAKOS ENERGY N/SH will post -0.66 earnings per share for the current year.
About TSAKOS ENERGY N/SH
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.
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