Tsakos Energy Navigation Ltd – Consensus Indicates Potential -15.3% Downside

Broker Ratings
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Tsakos Energy Navigation Ltd found using ticker (TNP) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 13 and 12 calculating the mean target price we have 12.5. Now with the previous closing price of 14.76 this is indicating there is a potential downside of -15.3%. The 50 day moving average now sits at 12.24 and the 200 day MA is 9.88. The market cap for the company is $434m. You can visit the company’s website by visiting: https://www.tenn.gr

The potential market cap would be $367m based on the market concensus.

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 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.

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