Tsakos Energy Navigation Ltd – Consensus Indicates Potential -18.5% Downside

Broker Ratings
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Tsakos Energy Navigation Ltd found using ticker (TNP) now have 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 13 and 12 with a mean TP of 12.5. Given that the stocks previous close was at 15.33 this is indicating there is a potential downside of -18.5%. There is a 50 day moving average of 11.61 while the 200 day moving average is 9.71. The company has a market cap of $423m. Visit the company website at: https://www.tenn.gr

The potential market cap would be $345m 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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