In yesterday’s Wall Street session, Tsakos Energy Navigation Limited (NYSE:TNP) shares traded at $20.65, up 3.77% from the previous session.
1 analysts cover Tsakos Energy Navigation Limited (NYSE:TNP), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $28.00, we find $28.00. Given the previous closing price of $19.90, this indicates a potential upside of 40.7 percent. TNP stock price is now -0.92% away from the 50-day moving average and 6.65% away from the 200-day moving average. The market capitalization of the company currently stands at $623.22M.
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The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $28.00 as their price target over the next twelve months.
With the price target enhanced from $12 to $25, Jefferies Upgraded its rating from Hold to Buy for Tsakos Energy Navigation Limited (NYSE: TNP).
A total of 28.04% of the company’s stock is owned by insiders.
On Wednesday morning Tsakos Energy Navigation Limited (NYSE: TNP) stock kicked off with the opening price of $19.90. During the past 12 months, Tsakos Energy Navigation Limited has had a low of $14.73 and a high of $24.33. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.54, and a quick ratio of 1.49. According to the stock market information, the enterprise value for the company is $1.68B, which is based on a 1.82 price-to-earnings ratio, a 0.18 price-to-earnings-growth ratio, and a beta of 0.06. The fifty day moving average price for TNP is $21.03 and a two-hundred day moving average price translates $19.67 for the stock.
The latest earnings results from Tsakos Energy Navigation Limited (NYSE: TNP) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.83, inline with analysts’ expectations of $0.83. This compares to $1.64 EPS in the same period last year. The net profit margin was 35.50% and return on equity was 24.23% for TNP. The company reported revenue of $221.45 million for the quarter, compared to $216.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.19 percent. For the current quarter, analysts expect TNP to generate $186.35M in revenue.
Tsakos Energy Navigation Limited(TNP) 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. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
