Reaffirmed: Tsakos Energy (NYSE:TNP) “Buy” Rating Reconfirmed by Analysts at Jefferies; $6.0 Target in Place

September 17, 2017 - By Marguerite Chambers

 Reaffirmed: Tsakos Energy (NYSE:TNP)

Tsakos Energy (NYSE:TNP) Rating Reaffirmed

Jefferies now has a $6.0 TP on shares of Tsakos Energy (NYSE:TNP). The TP means a potential upside of 34.83 % from the last price of Tsakos Energy (NYSE:TNP). This rating was shown in analysts report on Monday morning.

Tsakos Energy Navigation Ltd. (NYSE:TNP) Ratings Coverage

Among 9 analysts covering Tsakos Energy Navigation Ltd (NYSE:TNP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tsakos Energy Navigation Ltd has $14 highest and $3.2500 lowest target. $7.47’s average target is 67.87% above currents $4.45 stock price. Tsakos Energy Navigation Ltd had 17 analyst reports since January 19, 2016 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Thursday, April 7 report. The firm has “Buy” rating given on Monday, August 7 by Jefferies. The firm earned “Overweight” rating on Wednesday, June 1 by Morgan Stanley. On Tuesday, May 30 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, March 15 by JP Morgan. The firm earned “Buy” rating on Monday, July 3 by Jefferies. Wells Fargo downgraded the shares of TNP in report on Wednesday, August 2 to “Hold” rating. The company was downgraded on Friday, January 13 by Credit Suisse. The stock of Tsakos Energy Navigation Ltd. (NYSE:TNP) has “Buy” rating given on Monday, September 11 by Jefferies.

The stock decreased 2.41% or $0.11 on September 15, reaching $4.45. About 397,180 shares traded or 57.32% up from the average. Tsakos Energy Navigation Ltd. (NYSE:TNP) has declined 21.03% since September 17, 2016 and is downtrending. It has underperformed by 37.73% the S&P500.

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The company has market cap of $375.01 million. The Firm operates through maritime transportation of liquid energy related products segment. It has a 11.77 P/E ratio. It operates a fleet of approximately 57 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.

More notable recent Tsakos Energy Navigation Ltd. (NYSE:TNP) news were published by: Seekingalpha.com which released: “Tsakos Energy Navigation’s (TNP) CEO Nikolas Tsakos on Q4 2016 Results …” on March 17, 2017, also Hellenicshippingnews.com with their article: “The Tsakos Energy Navigation Ltd (NYSE:TNP) Given Consensus Rating Of “HOLD …” published on July 16, 2017, Seekingalpha.com published: “Tsakos Energy Navigation’s (TNP) CEO Nikolas Tsakos on Q1 2017 Results …” on May 15, 2017. More interesting news about Tsakos Energy Navigation Ltd. (NYSE:TNP) were released by: Seekingalpha.com and their article: “Tsakos Energy Navigation – We’re Adding This 7% Yielder To All Our Portfolios” published on August 24, 2017 as well as Nasdaq.com‘s news article titled: “Tsakos Energy Navigation Ltd (TNP) Ex-Dividend Date Scheduled for July 07, 2017” with publication date: July 06, 2017.

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