Credit Suisse Group AG Reiterates Hold Rating for Tsakos Energy Navigation Ltd. (TNP)

Tsakos Energy Navigation Ltd. (NYSE:TNP)‘s stock had its “hold” rating reaffirmed by Credit Suisse Group AG in a note issued to investors on Friday. They currently have a $5.00 target price on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 3.52% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TNP. JPMorgan Chase & Co. dropped their target price on shares of Tsakos Energy Navigation from $8.00 to $7.50 and set an “overweight” rating for the company in a research report on Wednesday, November 30th. Maxim Group started coverage on shares of Tsakos Energy Navigation in a research report on Tuesday, December 20th. They set a “buy” rating and a $9.00 target price for the company. Clarkson Capital reiterated a “buy” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, January 10th. Finally, Zacks Investment Research cut shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Tsakos Energy Navigation has an average rating of “Buy” and an average price target of $7.42.

Analyst Recommendations for Tsakos Energy Navigation (NYSE:TNP)

Shares of Tsakos Energy Navigation (NYSE:TNP) opened at 4.83 on Friday. The stock has a market cap of $404.66 million, a PE ratio of 6.13 and a beta of 1.87. Tsakos Energy Navigation has a 12-month low of $3.92 and a 12-month high of $6.79. The firm has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.77.

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Several large investors have recently made changes to their positions in TNP. Royal Bank of Canada boosted its stake in shares of Tsakos Energy Navigation by 33.4% in the second quarter. Royal Bank of Canada now owns 403,203 shares of the company’s stock worth $1,891,000 after buying an additional 101,035 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Tsakos Energy Navigation by 118.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 25,300 shares of the company’s stock worth $122,000 after buying an additional 13,700 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Tsakos Energy Navigation by 29.9% in the third quarter. Wells Fargo & Company MN now owns 396,423 shares of the company’s stock worth $1,911,000 after buying an additional 91,187 shares in the last quarter. Kopernik Global Investors LLC raised its stake in shares of Tsakos Energy Navigation by 30.5% in the third quarter. Kopernik Global Investors LLC now owns 3,354,509 shares of the company’s stock worth $16,168,000 after buying an additional 783,364 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its stake in shares of Tsakos Energy Navigation by 11.9% in the third quarter. WealthTrust Axiom LLC now owns 230,860 shares of the company’s stock worth $1,112,000 after buying an additional 24,627 shares in the last quarter. Institutional investors and hedge funds own 27.25% of the company’s stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 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.

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