Tsakos Energy Navigation Limited (NYSE: TNP) is 137.43% higher on its value in year-to-date trading and has touched a low of $6.95 and a high of $20.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TNP stock was last observed hovering at around $17.72 in the last trading session, with the day’s loss setting it -0.53% off its average median price target of $22.00 for the next 12 months. It is also 31.24% off the consensus price target high of $25.00 offered by 2 analysts, but current levels are 9.53% higher than the price target low of $19.00 for the same period.
Currently trading at $17.19, the stock is -5.62% and -1.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -2.99% at the moment leaves the stock 35.90% off its SMA200. TNP registered 129.20% gain for a year compared to 6-month gain of 47.55%.
The stock witnessed a -1.83% loss in the last 1 month and extending the period to 3 months gives it a 12.13%, and is -7.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.88% over the week and 6.08% over the month.
Fwd P/E is 2.49. Profit margin for the company is -17.40%. Distance from 52-week low is 147.34% and -14.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.60%).
Tsakos Energy Navigation Limited (TNP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tsakos Energy Navigation Limited (TNP) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Tsakos Energy Navigation Limited is expected to release its quarterly report on 03/29/2023.The EPS is expected to grow by 211.90% this year
Tsakos Energy Navigation Limited (TNP) Top Institutional Holders
The shares outstanding are 28.40M, and float is at 19.68M with Short Float at 0.46%.
Tsakos Energy Navigation Limited (TNP): Who are the competitors?
The company’s main competitors (and peers) include Ardmore Shipping Corporation (ASC) that is trading 275.84% up over the past 12 months and Frontline Ltd. (FRO) that is 96.87% higher over the same period. Teekay Corporation (TK) is 28.65% up on the 1-year trading charts.