Tsakos Energy Navigation (NYSE:TNP) Rating Reiterated by Jefferies Financial Group

Tsakos Energy Navigation (NYSE:TNP)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a report released on Wednesday, Benzinga reports. They presently have a $30.00 target price on the shipping company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 18.16% from the company’s current price.

Separately, StockNews.com downgraded shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Saturday, January 13th.

Tsakos Energy Navigation Stock Down 0.4 %

Shares of NYSE TNP opened at $25.39 on Wednesday. The company has a 50 day simple moving average of $24.34 and a 200-day simple moving average of $22.43. The company has a market capitalization of $749.26 million, a P/E ratio of 2.24 and a beta of -0.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.49. Tsakos Energy Navigation has a 1 year low of $15.50 and a 1 year high of $26.50.

Institutional Investors Weigh In On Tsakos Energy Navigation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its stake in Tsakos Energy Navigation by 89.6% in the fourth quarter. Millennium Management LLC now owns 1,048,370 shares of the shipping company’s stock valued at $17,749,000 after purchasing an additional 495,349 shares during the period. Marshall Wace LLP increased its stake in Tsakos Energy Navigation by 10.3% in the second quarter. Marshall Wace LLP now owns 518,534 shares of the shipping company’s stock valued at $9,240,000 after purchasing an additional 48,522 shares during the period. Two Sigma Investments LP increased its stake in shares of Tsakos Energy Navigation by 20.6% during the fourth quarter. Two Sigma Investments LP now owns 447,857 shares of the shipping company’s stock worth $7,582,000 after acquiring an additional 76,457 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Tsakos Energy Navigation by 7.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 404,801 shares of the shipping company’s stock worth $7,865,000 after acquiring an additional 28,916 shares during the period. Finally, Foundation Resource Management Inc. increased its stake in shares of Tsakos Energy Navigation by 18.9% during the fourth quarter. Foundation Resource Management Inc. now owns 367,102 shares of the shipping company’s stock worth $8,157,000 after acquiring an additional 58,451 shares during the period. 19.24% of the stock is owned by hedge funds and other institutional investors.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.