Analysts Set Tsakos Energy Navigation Ltd. (TNP) Price Target at $7.08

Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) have earned an average rating of “Buy” from the eight brokerages that are currently covering the company. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.08.

TNP has been the subject of several recent research reports. Clarkson Capital restated a “buy” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, January 10th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Tsakos Energy Navigation in a research note on Wednesday, February 22nd. Maxim Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Tsakos Energy Navigation in a research note on Tuesday, March 21st. Finally, Zacks Investment Research lowered shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Wednesday, February 1st.

Tsakos Energy Navigation (NYSE:TNP) traded up 0.84% during trading on Monday, hitting $4.79. The stock had a trading volume of 110,731 shares. The company has a market cap of $401.02 million, a PE ratio of 10.19 and a beta of 1.87. The stock has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.74. Tsakos Energy Navigation has a 52 week low of $3.92 and a 52 week high of $6.67.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Tuesday, April 25th will be given a $0.05 dividend. The ex-dividend date is Friday, April 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.21%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 25.32%.

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Institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in Tsakos Energy Navigation by 118.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 25,300 shares of the shipping company’s stock worth $122,000 after buying an additional 13,700 shares during the period. Wells Fargo & Company MN raised its stake in shares of Tsakos Energy Navigation by 29.9% in the third quarter. Wells Fargo & Company MN now owns 396,423 shares of the shipping company’s stock valued at $1,911,000 after buying an additional 91,187 shares during the last quarter. Kopernik Global Investors LLC raised its stake in shares of Tsakos Energy Navigation by 30.5% in the third quarter. Kopernik Global Investors LLC now owns 3,354,509 shares of the shipping company’s stock valued at $16,168,000 after buying an additional 783,364 shares during the last quarter. WealthTrust Axiom LLC raised its stake in shares of Tsakos Energy Navigation by 11.9% in the third quarter. WealthTrust Axiom LLC now owns 230,860 shares of the shipping company’s stock valued at $1,112,000 after buying an additional 24,627 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Tsakos Energy Navigation by 70.4% in the third quarter. JPMorgan Chase & Co. now owns 354,239 shares of the shipping company’s stock valued at $1,707,000 after buying an additional 146,382 shares during the last quarter. Institutional investors own 27.25% of the company’s stock.

About Tsakos Energy Navigation

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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