Tsakos Energy Navigation (TNP) Receiving Somewhat Favorable Media Coverage, Study Shows

Headlines about Tsakos Energy Navigation (NYSE:TNP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tsakos Energy Navigation earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 45.6410275158063 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

TNP has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $6.00 target price on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. ValuEngine cut shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company cut shares of Tsakos Energy Navigation from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.75.

Shares of Tsakos Energy Navigation (NYSE:TNP) traded up 1.77% during trading on Tuesday, hitting $4.59. 277,659 shares of the stock were exchanged. The company has a market cap of $385.40 million, a P/E ratio of 12.11 and a beta of 1.69. The firm’s 50-day moving average is $4.63 and its 200 day moving average is $4.64. Tsakos Energy Navigation has a 1-year low of $3.92 and a 1-year high of $5.28.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 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.

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