Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) saw unusually-high trading volume on Tuesday . Approximately 1,492,406 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 985,086 shares.The stock last traded at $4.73 and had previously closed at $4.93.

TNP has been the topic of a number of recent research reports. Zacks Investment Research lowered Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Wednesday, March 9th. JPMorgan Chase & Co. increased their price objective on Tsakos Energy Navigation from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, March 15th. Jefferies Group decreased their price objective on Tsakos Energy Navigation from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Seaport Global Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of Tsakos Energy Navigation in a research report on Wednesday, May 4th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $8.00 price objective (down from $8.50) on shares of Tsakos Energy Navigation in a research report on Wednesday, June 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Tsakos Energy Navigation presently has an average rating of “Buy” and a consensus price target of $9.71.

The firm has a 50-day moving average of $5.59 and a 200-day moving average of $6.00. The firm has a market cap of $400.60 million and a PE ratio of 3.06.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Tuesday, May 31st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $99.60 million for the quarter, compared to analyst estimates of $111.56 million. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities research analysts predict that Tsakos Energy Navigation Ltd. will post $1.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Wednesday, August 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 1st. This represents a $0.32 annualized dividend and a dividend yield of 6.46%.

Other hedge funds and institutional investors recently made changes to their positions in the company. Afam Capital Inc. increased its position in shares of Tsakos Energy Navigation by 5.7% in the fourth quarter. Afam Capital Inc. now owns 200,972 shares of the company’s stock valued at $1,592,000 after buying an additional 10,922 shares during the period. Trilogy Global Advisors LP increased its position in shares of Tsakos Energy Navigation by 12.9% in the fourth quarter. Trilogy Global Advisors LP now owns 293,047 shares of the company’s stock valued at $2,321,000 after buying an additional 33,592 shares during the period. Russell Frank Co increased its position in shares of Tsakos Energy Navigation by 9.9% in the fourth quarter. Russell Frank Co now owns 733,689 shares of the company’s stock valued at $5,510,000 after buying an additional 66,226 shares during the period. Wells Fargo & Company MN increased its position in shares of Tsakos Energy Navigation by 83.1% in the fourth quarter. Wells Fargo & Company MN now owns 325,098 shares of the company’s stock valued at $2,574,000 after buying an additional 147,566 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of Tsakos Energy Navigation by 16.8% in the fourth quarter. Systematic Financial Management LP now owns 1,238,470 shares of the company’s stock valued at $9,808,000 after buying an additional 178,540 shares during the period.

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. As of April 8, 2015, the Company operated a fleet of 47 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.

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