TSAKOS ENERGY N/SH’s (TNP) Buy Rating Reaffirmed at Seaport Global Securities

TSAKOS ENERGY N/SH (NYSE:TNP)‘s stock had its “buy” rating reiterated by equities research analysts at Seaport Global Securities in a research report issued on Friday, March 29th, Zacks.com reports.

Several other equities analysts have also weighed in on TNP. JPMorgan Chase & Co. lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 23rd. Zacks Investment Research lowered shares of TSAKOS ENERGY N/SH from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Morgan Stanley lowered shares of TSAKOS ENERGY N/SH from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a report on Friday, February 15th. Finally, Wells Fargo & Co cut their target price on shares of TSAKOS ENERGY N/SH from $3.20 to $3.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TSAKOS ENERGY N/SH has an average rating of “Hold” and a consensus target price of $4.38.

TSAKOS ENERGY N/SH stock traded down $0.01 during trading hours on Friday, hitting $3.34. 90,000 shares of the stock were exchanged, compared to its average volume of 106,029. The stock has a market capitalization of $294.35 million, a price-to-earnings ratio of -4.34 and a beta of 1.43. TSAKOS ENERGY N/SH has a 12 month low of $2.56 and a 12 month high of $3.99.

TSAKOS ENERGY N/SH (NYSE:TNP) last issued its quarterly earnings data on Friday, March 29th. The shipping company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.12). TSAKOS ENERGY N/SH had a negative return on equity of 2.16% and a negative net margin of 18.72%. The firm had revenue of $118.97 million for the quarter, compared to the consensus estimate of $121.61 million. As a group, equities analysts expect that TSAKOS ENERGY N/SH will post -0.08 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TNP. Wealthsource Partners LLC grew its position in TSAKOS ENERGY N/SH by 36.7% in the fourth quarter. Wealthsource Partners LLC now owns 15,234 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 4,092 shares in the last quarter. Virtu Financial LLC grew its position in shares of TSAKOS ENERGY N/SH by 95.1% in the 4th quarter. Virtu Financial LLC now owns 39,525 shares of the shipping company’s stock valued at $105,000 after acquiring an additional 19,263 shares during the period. WealthTrust Axiom LLC grew its position in shares of TSAKOS ENERGY N/SH by 6.3% in the 4th quarter. WealthTrust Axiom LLC now owns 424,150 shares of the shipping company’s stock valued at $1,128,000 after acquiring an additional 25,000 shares during the period. California Public Employees Retirement System grew its position in shares of TSAKOS ENERGY N/SH by 1.9% in the 4th quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock valued at $1,239,000 after acquiring an additional 8,798 shares during the period. Finally, Camarda Financial Advisors LLC grew its position in shares of TSAKOS ENERGY N/SH by 2,961.6% in the 4th quarter. Camarda Financial Advisors LLC now owns 603,129 shares of the shipping company’s stock valued at $1,604,000 after acquiring an additional 583,429 shares during the period. 23.47% of the stock is owned by institutional investors and hedge funds.

TSAKOS ENERGY N/SH Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.

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Analyst Recommendations for TSAKOS ENERGY N/SH (NYSE:TNP)

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