Tsakos Energy Navigation Ltd (TNP) Shares are Up 2.22%

Tsakos Energy Navigation Ltd (TNP) has been under a strong bear grip, hence the stock is down -5.6% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.25% in the past 1 week. The stock has risen by 2.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.23% in the past 4 weeks.

Tsakos Energy Navigation Limited has dropped 12.26% during the last 3-month period . Year-to-Date the stock performance stands at -34.11%. The stock has recorded a 20-day Moving Average of 2.07% and the 50-Day Moving Average is 0.51%.


Tsakos Energy Navigation Ltd (NYSE:TNP): The stock opened at $5.03 on Friday but the bulls could not build on the opening and the stock topped out at $5.11 for the day. The stock traded down to $5.02 during the day, due to lack of any buying support eventually closed down at $5.07 with a loss of -0.20% for the day. The stock had closed at $5.08 on the previous day. The total traded volume was 339,296 shares.

Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Tsakos Energy Navigation Ltd (NYSE:TNP). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $9 per share to $7 per share. The rating by the firm was issued on July 27, 2016.

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).

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