Brokerage firm UBS Downgrades its rating on Tsakos Energy Navigation Ltd.(NYSE:TNP). In a research note issued to the investors, the brokerage major Lowers the price-target to $5.50 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Jul 26, 2016.
In a different note, On Jun 1, 2016, Morgan Stanley said it Maintains its rating on Tsakos Energy Navigation Ltd.. In the research note, the firm Lowers the price-target to $8.50 per share. The shares have been rated ‘Overweight’ by the firm. On May 4, 2016, Seaport Global said it Assumes its rating on Tsakos Energy Navigation Ltd.. The shares have been rated ‘Buy’ by the firm.
Tsakos Energy Navigation Ltd. (TNP) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.19% at a volume of 5,07,658. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.13. The peak price level was also seen at $5.13 while the days lowest was $5.01. Finally the shares closed at $5.12. The 52-week high of the shares is $9.98 while the 52-week low is $4.48. According to the latest information available, the market cap of the company is $447 M.
Tsakos Energy Navigation Ltd.(TNP) last announced its earnings results on May 31, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $122.09M. Analysts had an estimated revenue of $114.44M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.31.
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 Company’s 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 fleet’s technical management including crewing maintenance and repair and voyage operations is subcontracted to Tsakos Columbia Shipmanagement (TCM).