Analyst Rating Update on Tsakos Energy Navigation Ltd (TNP)

Tsakos Energy Navigation Ltd (NYSE:TNP) : 7 analysts are covering Tsakos Energy Navigation Ltd (NYSE:TNP) and their average rating on the stock is 1.07, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Tsakos Energy Navigation Ltd (NYSE:TNP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Tsakos Energy Navigation Ltd (NYSE:TNP) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $8. The average forecast of all the analysts is $10.17 and the expected standard deviation is $1.72.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Tsakos Energy Navigation Ltd (NYSE:TNP). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Morgan Stanley lowers the price target from $8.5 per share to $8 per share. The rating by the firm was issued on June 1, 2016.

Tsakos Energy Navigation Ltd (NYSE:TNP): stock turned positive on Tuesday. Though the stock opened at $4.65, the bulls momentum made the stock top out at $4.83 level for the day. The stock recorded a low of $4.56 and closed the trading day at $4.81, in the green by 7.13%. The total traded volume for the day was 1,204,920. The stock had closed at $4.49 in the previous days trading.

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 Companys 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 fleets technical management, including crewing, maintenance and repair, and voyage operations, is subcontracted to Tsakos Columbia Shipmanagement (TCM).

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