Shares of TSAKOS ENERGY N/SH (NYSE:TNP) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $3.83.
TNP has been the subject of several research analyst reports. Seaport Global Securities reissued a “buy” rating on shares of TSAKOS ENERGY N/SH in a research note on Friday, March 29th. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, June 12th.
A number of hedge funds have recently modified their holdings of TNP. Camarda Financial Advisors LLC lifted its stake in TSAKOS ENERGY N/SH by 3.1% during the first quarter. Camarda Financial Advisors LLC now owns 621,703 shares of the shipping company’s stock worth $1,927,000 after purchasing an additional 18,574 shares during the last quarter. Stephens Inc. AR lifted its stake in TSAKOS ENERGY N/SH by 43.3% during the first quarter. Stephens Inc. AR now owns 32,348 shares of the shipping company’s stock worth $100,000 after purchasing an additional 9,778 shares during the last quarter. California Public Employees Retirement System lifted its stake in TSAKOS ENERGY N/SH by 1.9% during the fourth quarter. California Public Employees Retirement System now owns 465,821 shares of the shipping company’s stock worth $1,239,000 after purchasing an additional 8,798 shares during the last quarter. Finally, Foundation Resource Management Inc. lifted its stake in TSAKOS ENERGY N/SH by 0.9% during the second quarter. Foundation Resource Management Inc. now owns 480,816 shares of the shipping company’s stock worth $1,582,000 after purchasing an additional 4,339 shares during the last quarter. 22.42% of the stock is owned by hedge funds and other institutional investors.
TSAKOS ENERGY N/SH (NYSE:TNP) last posted its quarterly earnings data on Thursday, June 6th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $115.48 million during the quarter, compared to analyst estimates of $122.78 million. TSAKOS ENERGY N/SH had a negative return on equity of 0.64% and a negative net margin of 13.80%. Equities analysts forecast that TSAKOS ENERGY N/SH will post 0.13 earnings per share for the current fiscal year.
TSAKOS ENERGY N/SH 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. As of April 20, 2018, it operated a fleet of 64 double-hull vessels, including 59 conventional tankers, 2 liquefied natural gas carriers, and 3 suezmax DP2 shuttle tankers.
Read More: What does an outperform rating mean?
Receive News & Ratings for TSAKOS ENERGY N/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TSAKOS ENERGY N/SH and related companies with MarketBeat.com's FREE daily email newsletter.