TSAKOS ENERGY N/SH (NYSE:TNP) Raised to Hold at ValuEngine

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TSAKOS ENERGY N/SH (NYSE:TNP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of TSAKOS ENERGY N/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.50.

Shares of NYSE TNP opened at $3.49 on Tuesday. The firm has a market capitalization of $318.13 million, a PE ratio of -4.53 and a beta of 1.28. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. TSAKOS ENERGY N/SH has a 1 year low of $2.56 and a 1 year high of $4.00. The firm’s 50-day moving average is $3.61 and its 200-day moving average is $3.24.

TSAKOS ENERGY N/SH (NYSE:TNP) last issued its earnings results on Tuesday, November 26th. The shipping company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The business had revenue of $100.87 million during the quarter, compared to the consensus estimate of $106.83 million. TSAKOS ENERGY N/SH had a negative net margin of 10.62% and a positive return on equity of 0.33%. As a group, equities research analysts anticipate that TSAKOS ENERGY N/SH will post 0.12 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR boosted its stake in shares of TSAKOS ENERGY N/SH by 9.4% in the 3rd quarter. Stephens Inc. AR now owns 38,302 shares of the shipping company’s stock valued at $113,000 after purchasing an additional 3,278 shares during the last quarter. Wolverine Trading LLC boosted its stake in shares of TSAKOS ENERGY N/SH by 49.4% in the 2nd quarter. Wolverine Trading LLC now owns 17,945 shares of the shipping company’s stock valued at $59,000 after purchasing an additional 5,931 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of TSAKOS ENERGY N/SH by 42.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,151 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 7,159 shares during the last quarter. WealthTrust Axiom LLC boosted its stake in shares of TSAKOS ENERGY N/SH by 2.4% in the 3rd quarter. WealthTrust Axiom LLC now owns 444,202 shares of the shipping company’s stock valued at $1,310,000 after purchasing an additional 10,200 shares during the last quarter. Finally, State Street Corp boosted its stake in TSAKOS ENERGY N/SH by 10.2% during the 3rd quarter. State Street Corp now owns 117,083 shares of the shipping company’s stock worth $345,000 after acquiring an additional 10,795 shares during the last quarter. 24.26% of the stock is currently owned by institutional investors.

About TSAKOS ENERGY N/SH

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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