Tsakos Energy Navigation Ltd. (NYSE:TNP) shares were down 5.1% during trading on Thursday . The stock traded as low as $4.64 and last traded at $4.70, with a volume of 986,031 shares. The stock had previously closed at $4.95.

Several research analysts have recently commented on TNP shares. 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 report on Wednesday, March 16th. JPMorgan Chase & Co. decreased their price objective on Tsakos Energy Navigation from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 7th. Morgan Stanley reiterated an “overweight” rating and issued a $8.00 price objective (down previously from $8.50) on shares of Tsakos Energy Navigation in a report on Wednesday, June 1st. Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Tsakos Energy Navigation in a report on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $9.71.

The firm has a market cap of $404.05 million and a P/E ratio of 3.09. The stock has a 50 day moving average of $5.59 and a 200-day moving average of $6.00.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, August 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend is Monday, August 1st.

Several hedge funds and institutional investors recently added to or reduced their stakes in TNP. Afam Capital Inc. increased its position in 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 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 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 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 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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