Tsakos Energy Navigation PT Raised to $11.00 (TNP)

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Analysts at Jefferies Group increased their price objective on shares of Tsakos Energy Navigation (NYSE:TNP) from $6.50 to $11.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. Jefferies Group’s price target suggests a potential upside of 64.42% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Tsakos Energy Navigation in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $12.00 price target on the stock. Analysts at Global Hunter Securities upgraded shares of Tsakos Energy Navigation from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.73.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded down 1.35% during mid-day trading on Friday, hitting $6.57. 384,996 shares of the company’s stock traded hands. Tsakos Energy Navigation has a 52-week low of $3.29 and a 52-week high of $8.17. The stock’s 50-day moving average is $6.57 and its 200-day moving average is $5.42. The company’s market cap is $374.0 million.

Tsakos Energy Navigation (NYSE:TNP) last released its earnings data on Wednesday, November 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $73.80 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Analysts expect that Tsakos Energy Navigation will post $-0.13 EPS for the current fiscal year.

Tsakos Energy Navigation Limited (NYSE:TNP) is a provider of international seaborne crude oil and petroleum product transportation services.

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