Tsakos Energy Navigation Ltd. (NYSE:TNP) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.50.

TNP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Jefferies Group set a $7.00 price objective on shares of Tsakos Energy Navigation and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Morgan Stanley reissued an “overweight” rating and set a $8.00 price objective (down from $8.50) on shares of Tsakos Energy Navigation in a research report on Wednesday, June 1st. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of Tsakos Energy Navigation in a research report on Wednesday, June 1st.

Tsakos Energy Navigation (NYSE:TNP) opened at 4.97 on Monday. The firm has a market cap of $424.98 million, a P/E ratio of 4.07 and a beta of 1.89. Tsakos Energy Navigation has a 52-week low of $4.48 and a 52-week high of $9.63. The company’s 50 day moving average is $4.98 and its 200 day moving average is $5.58.

Tsakos Energy Navigation (NYSE:TNP) last posted its earnings results on Friday, September 9th. The company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $119.85 million for the quarter. Tsakos Energy Navigation had a net margin of 23.06% and a return on equity of 8.60%. The company’s quarterly revenue was down 22.1% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. Equities research analysts forecast that Tsakos Energy Navigation will post $0.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, November 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Wednesday, November 2nd. Tsakos Energy Navigation’s payout ratio is 26.02%.

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Tsakos Energy Navigation by 33.4% in the second quarter. Royal Bank of Canada now owns 403,203 shares of the company’s stock valued at $1,891,000 after buying an additional 101,035 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Tsakos Energy Navigation by 12.6% in the second quarter. Stifel Financial Corp now owns 255,723 shares of the company’s stock valued at $1,200,000 after buying an additional 28,549 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Tsakos Energy Navigation during the second quarter valued at $1,204,000. Guggenheim Capital LLC increased its stake in shares of Tsakos Energy Navigation by 10.2% in the second quarter. Guggenheim Capital LLC now owns 161,074 shares of the company’s stock valued at $755,000 after buying an additional 14,857 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new stake in shares of Tsakos Energy Navigation during the second quarter valued at $215,000. 31.29% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited 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 50 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.

5 Day Chart for NYSE:TNP

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