Tsakos Energy Navigation’s (TNP) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Tsakos Energy Navigation (NYSE:TNP) in a report issued on Wednesday, Benzinga reports. They currently have a $30.00 price target on the shipping company’s stock.

Separately, StockNews.com lowered Tsakos Energy Navigation from a buy rating to a hold rating in a report on Saturday, January 13th.

Tsakos Energy Navigation Stock Down 0.5 %

TNP stock opened at $25.48 on Wednesday. The firm’s fifty day moving average is $24.32 and its 200 day moving average is $22.41. The firm has a market cap of $751.81 million, a PE ratio of 2.25 and a beta of -0.15. Tsakos Energy Navigation has a one year low of $15.50 and a one year high of $26.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 1.54.

Hedge Funds Weigh In On Tsakos Energy Navigation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNP. Citigroup Inc. purchased a new stake in shares of Tsakos Energy Navigation during the fourth quarter worth about $32,000. Point72 Asset Management L.P. purchased a new stake in Tsakos Energy Navigation during the 4th quarter worth approximately $47,000. Altshuler Shaham Ltd raised its holdings in shares of Tsakos Energy Navigation by 33.3% during the fourth quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company’s stock valued at $75,000 after acquiring an additional 1,000 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Tsakos Energy Navigation by 100.9% in the third quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company’s stock valued at $64,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Tsakos Energy Navigation in the third quarter worth approximately $91,000. 19.24% of the stock is owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

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.