Tsakos Energy Navigation (NYSE:TNP) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Tsakos Energy Navigation (NYSE:TNP) in a research note issued on Wednesday. The firm set a “hold” rating on the shipping company’s stock.

Separately, Jefferies Financial Group reissued a “buy” rating and set a $30.00 price target on shares of Tsakos Energy Navigation in a research note on Wednesday, March 27th.

Tsakos Energy Navigation Stock Performance

The company has a market cap of $864.05 million, a P/E ratio of 5.94 and a beta of -0.15. Tsakos Energy Navigation has a fifty-two week low of $16.96 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.51 and a current ratio of 1.58. The company has a 50-day moving average of $29.15 and a two-hundred day moving average of $26.01.

Institutional Trading of Tsakos Energy Navigation

Large investors have recently made changes to their positions in the business. Foundation Resource Management Inc. lifted its position in Tsakos Energy Navigation by 0.6% in the first quarter. Foundation Resource Management Inc. now owns 369,134 shares of the shipping company’s stock worth $9,372,000 after buying an additional 2,032 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Tsakos Energy Navigation during the 4th quarter worth about $2,942,000. Glenorchy Capital Ltd bought a new position in Tsakos Energy Navigation during the 4th quarter valued at about $2,106,000. Quadrature Capital Ltd raised its position in Tsakos Energy Navigation by 29.0% in the 1st quarter. Quadrature Capital Ltd now owns 54,786 shares of the shipping company’s stock worth $1,391,000 after purchasing an additional 12,322 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in Tsakos Energy Navigation in the first quarter worth about $1,340,000. 19.24% of the stock is currently owned by 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.