Tsakos Energy Navigation Ltd (TNP) : 6 brokerage houses believe that Tsakos Energy Navigation Ltd (TNP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tsakos Energy Navigation Ltd (TNP). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.31.
Tsakos Energy Navigation Ltd (TNP) : Average target price received by Tsakos Energy Navigation Ltd (TNP) is $9.07 with an expected standard deviation of $2.52. The most aggressive target on the stock is $13, whereas the most downbeat target is $6. 7 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Tsakos Energy Navigation Ltd (NYSE:TNP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.82 and $4.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.94, notching a gain of 2.70% for the day. The total traded volume was 384,503 . The stock had closed at $4.81 on the previous day.
Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. As of April 8, 2015, the Company operated a fleet of 47 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. The Companys fleet also includes one liquefied natural gas (LNG) carrier and two shuttle suezmax tankers with dynamic positioning technology (DP2), as well as VLCC, aframax, panamax, handysize, handymax tankers, and the two DP2 shuttle tankers. Its fleet is managed by Tsakos Energy Management Limited (Tsakos Energy Management). Tsakos Energy Management provides the Company with advisory, financial, accounting and administrative services. Its tanker fleets technical management, including crewing, maintenance and repair, and voyage operations, is subcontracted to Tsakos Columbia Shipmanagement (TCM).