Tsakos Energy Navigation (NYSE:TNP - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.
Separately, Jefferies Financial Group reissued a "buy" rating and set a $30.00 price target on shares of Tsakos Energy Navigation in a research report on Wednesday.
Check Out Our Latest Stock Analysis on TNP
Tsakos Energy Navigation Stock Down 0.4 %
NYSE:TNP traded down $0.09 during mid-day trading on Thursday, reaching $25.39. The company's stock had a trading volume of 384,284 shares, compared to its average volume of 267,787. Tsakos Energy Navigation has a 1 year low of $15.50 and a 1 year high of $26.50. The stock has a fifty day moving average of $24.34 and a 200-day moving average of $22.43. The firm has a market capitalization of $749.26 million, a PE ratio of 2.24 and a beta of -0.15. The company has a quick ratio of 1.49, a current ratio of 1.54 and a debt-to-equity ratio of 0.84.
Hedge Funds Weigh In On Tsakos Energy Navigation
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd increased its holdings 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 worth $75,000 after buying an additional 1,000 shares during the period. Vident Advisory LLC increased its holdings in Tsakos Energy Navigation by 10.6% in the 4th quarter. Vident Advisory LLC now owns 11,615 shares of the shipping company's stock worth $258,000 after buying an additional 1,117 shares during the period. Citigroup Inc. acquired a new position in Tsakos Energy Navigation in the 4th quarter worth approximately $32,000. Royal Bank of Canada increased its holdings 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 worth $64,000 after buying an additional 2,100 shares during the period. Finally, State Street Corp increased its holdings in Tsakos Energy Navigation by 6.0% in the 1st quarter. State Street Corp now owns 45,046 shares of the shipping company's stock worth $875,000 after buying an additional 2,531 shares during the period. Institutional investors and hedge funds own 19.24% of the company's stock.
Tsakos Energy Navigation Company Profile
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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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