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How Crude Tanker Companies Fared in Week 48

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Part 5
How Crude Tanker Companies Fared in Week 48 PART 5 OF 5

These Analysts Revised Tsakos Energy Navigation’s Target Price

Revisions

In week 48, which ended on December 1, 2017, analysts revised their target prices for Tsakos Energy Navigation (TNP) after its 3Q17 results. JP Morgan reduced its target price for Tsakos Energy Navigation to $6 from $7. Evercore reduced the target price for TNP to $5 from $6.5.

These Analysts Revised Tsakos Energy Navigation&#8217;s Target Price

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Earlier weeks

In week 47, which ended on November 24, 2017, Morgan Stanley reduced the target price for Frontline (FRO) to $5 from $5.50. In week 46, Teekay Tankers’ (TNK) target price was reduced to $2 from $5 by Deutsche Bank. In week 45, Teekay Tankers’ target price was cut from $1.60 to $1.30 by Bank of America Merrill Lynch. Morgan Stanley reduced Nordic American Tankers’ (NAT) target price from $6.50 to $5. Evercore reduced NAT’s target price to $4 from $4.50.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers (NAT), none of them are bullish on the stock. About 55% of them are neutral, while 45% are bearish. The consensus target price is $4.35, which implies a potential upside of 11.8% from the market price of $3.89 on December 4, 2017.
  • Five analysts gave recommendations for Frontline, and 20% of them are bullish on the stock. About 60% are neutral, and 20.0% are bearish. The consensus 12-month target price is $5.90, which implies a potential upside of 13.7% from the market price of $5.19 on December 4, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT), and 72% are bullish, while 28% are bearish on the stock. The consensus 12-month target price is $6.08, which implies a potential upside of 33.3% from the market price of $4.56 on December 4, 2017.
  • Ten analysts gave recommendations on Teekay Tankers. 30% of these analysts are bullish, 50% are neutral, and 20% are bearish on the stock. The 12-month consensus target price is $2.10, which implies a potential upside of 29.6% from the market price of $1.62 on December 4, 2017.

 

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