Tsakos Energy Navigation Ltd. (NYSE:TNP) fell 2.2% during mid-day trading on Friday . The stock traded as low as $5.23 and last traded at $5.26, with a volume of 272,830 shares. The stock had previously closed at $5.38.

Several brokerages recently issued reports on TNP. Jefferies Group reissued a “buy” rating on shares of Tsakos Energy Navigation in a research note on Tuesday, May 31st. Credit Suisse Group AG reissued an “outperform” rating on shares of Tsakos Energy Navigation in a research note on Wednesday, June 1st. Morgan Stanley reissued an “overweight” rating and issued a $8.00 price objective (down from $8.50) on shares of Tsakos Energy Navigation in a research note on Wednesday, June 1st. Zacks Investment Research raised Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, June 2nd. Finally, Seaport Global Securities reissued a “buy” rating and issued a $10.00 price objective on shares of Tsakos Energy Navigation in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Tsakos Energy Navigation currently has an average rating of “Buy” and a consensus target price of $9.71.

The stock has a market capitalization of $460.91 million and a P/E ratio of 3.52. The firm has a 50 day moving average price of $5.32 and a 200-day moving average price of $5.85.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings data on Tuesday, May 31st. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company 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 period last year, the firm earned $0.42 earnings per share. On average, analysts anticipate that Tsakos Energy Navigation Ltd. will post $1.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Wednesday, August 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, August 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.98%.

Several large investors recently made changes to their positions in the company. Systematic Financial Management LP boosted its stake 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 worth $9,808,000 after buying an additional 178,540 shares during the period. Russell Frank Co boosted its stake 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 worth $5,510,000 after buying an additional 66,226 shares during the period. Trilogy Global Advisors LP boosted its stake 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 worth $2,321,000 after buying an additional 33,592 shares during the period. Finally, Afam Capital Inc. boosted its stake 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 worth $1,592,000 after buying an additional 10,922 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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