Economy

Tsakos Energy Navigation's (TNP) "Buy" Rating Reaffirmed at Jefferies Group LLC

The rating was maintained by Morgan Stanley with "Overweight" on Wednesday, June 1.

Tsakos Energy Navigation (NYSE:TNP)'s had a "buy" recommendation reissued by Maxim Group in a study report released on early Monday. Tsakos Energy Navigation Ltd had 17 analyst reports since January 19, 2016 according to SRatingsIntel.

Tsakos Energy Navigation (NYSE TNP) declined 0.22% on early Monday, topping $4.45. the share had a trading volume of 196,495 Stocks. Jefferies Group LLC reiterated a buy rating and set a $6.00 price target on shares of Tsakos Energy Navigation in a research report on Tuesday, July 4th. The last stock price is down -4.17% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same period. 1 firm rating the stock a strong buy, zero brokerages rating the company a buy, one broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $10.03. The stock has "Buy" rating by Maxim Group on Monday, April 24.

Shares of Tsakos Energy Navigation Ltd closed the previous trading session at with shares trading hands.

Tsakos Energy Navigation Ltd has a 50 day moving average of 4.56 and a 200 day moving average of 4.63. Company has a valuation of $373.65 M, a PE book ratio of 11.74 along with a stock beta of 1.69. JP Morgan maintained the shares of TNP in report on Thursday, April 7 with "Overweight" rating. Companies may issue new shares and buy back their own shares. The company has market cap of $9.97 million. BidaskClub dropped Tsakos Energy Navigation from a "hold" recommendation to a "sell" recommendation in a study on Fri, Jul 28th.

About 930 shares traded.

COPYRIGHT VIOLATION NOTICE: This report was posted by Equities Focus and is the property of of Equities Focus. If you are accessing this report on another domain, it was copied illegally and republished in violation of USA & global trademark & copyright laws. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Blair William IL has an ownership of 214,500 stocks of the shipping firms shares valued $1,030,000 after scooping up an extra 2,500 shares through out the quarter. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends.

We also note that Monsanto Company (NYSE:MON) has a Shareholder Yield of 0.013834 and a Shareholder Yield (Mebane Faber) of 0.02728.

A hedge fund recently raised its stake in Tsakos Energy Navigation stock. National Bank & Trust Of America Corp De owns 0% invested in eGain Corp (NASDAQ:EGAN) for 1,065 shares. Foundation Resource Management upgraded its holdings in Tsakos Energy Navigation by 1.3% through out the Fiscal Q2. On Friday, January 13 the stock rating was downgraded by Credit Suisse to "Neutral". Wells Fargo & Company MN raised its holdings in Tsakos Energy Navigation by 34.5% during the 1st quarter. Creative Planning now owns 42,160 shares of the shipping company's stock worth $202,000 after purchasing an additional 15,660 shares during the last quarter. State Street Corp owned approximately 0.13% of Tsakos Energy Navigation worth $538,000 at the end of the most recent reporting period. They now have a $6.00 price objective on the shipping company's stock. Morgan Stanley now owns 444,556 shares of the shipping company's stock worth $2,129,000 after buying an additional 246,081 shares during the period.

Tsakos Energy Navigation Limited, launched on July 16, 1993, is a provider of worldwide seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment.



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