Tsakos Energy Navigation Limited (NYSE:TNP - Get Free Report)'s stock price shot up 3.4% on Thursday . The stock traded as high as $26.18 and last traded at $26.04. 29,765 shares were traded during trading, a decline of 89% from the average session volume of 275,594 shares. The stock had previously closed at $25.18.
Analysts Set New Price Targets
Several brokerages recently weighed in on TNP. Jefferies Financial Group restated a "buy" rating and set a $30.00 target price on shares of Tsakos Energy Navigation in a research note on Wednesday, March 27th. StockNews.com downgraded Tsakos Energy Navigation from a "buy" rating to a "hold" rating in a research note on Friday, April 5th.
Check Out Our Latest Stock Analysis on TNP
Tsakos Energy Navigation Trading Up 2.5 %
The stock has a fifty day moving average price of $24.67 and a 200-day moving average price of $22.89. The firm has a market capitalization of $761.65 million, a price-to-earnings ratio of 2.86 and a beta of -0.14.
Institutional Investors Weigh In On Tsakos Energy Navigation
A number of large investors have recently bought and sold shares of the business. Citigroup Inc. bought a new position in Tsakos Energy Navigation in the 4th quarter valued at $32,000. Point72 Asset Management L.P. bought a new position in Tsakos Energy Navigation in the 4th quarter valued at $47,000. Altshuler Shaham Ltd boosted its position in Tsakos Energy Navigation by 33.3% in the 4th quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company's stock valued at $75,000 after buying an additional 1,000 shares during the last quarter. Royal Bank of Canada boosted its position in Tsakos Energy Navigation by 100.9% in the 3rd quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company's stock valued at $64,000 after buying an additional 2,100 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Tsakos Energy Navigation in the 3rd quarter valued at $91,000. 19.24% of the stock is currently owned by institutional investors.
Tsakos Energy Navigation Company Profile
(
Get Free Report)
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. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.
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