uploads///TNP

JPMorgan Chase: Revisions for TNP and EURN

By

Mar. 29 2018, Updated 9:02 a.m. ET

Revisions

JPMorgan Chase revised its recommendations and target prices for most of the crude tanker companies in week 12—the week ending March 23, 2018.

Article continues below advertisement

Tsakos Energy Navigation

On March 23, 2018, JPMorgan Chase reduced Tsakos Energy Navigation’s (TNP) target price to $5 from $5.5. Of the 12 analysts who gave recommendations on Tsakos Energy Navigation, 67% are bullish and 33% are neutral on the stock. The consensus 12-month target price for Tsakos Energy Navigation is $5.1, which implies a potential upside of 51.7% from the market price on March 26, 2018.

Euronav

On March 23, 2018, JPMorgan Chase raised Euronav’s (EURN) target price to $9 from $8.5. Of the 12 analysts who gave recommendations on Euronav, 75% are bullish on the stock and 25% are neutral. The consensus 12-month target price for Euronav is $10.29, which implies a potential upside of 21.7% from the market price on March 26, 2018.

Sell ratings

None of the analysts are bearish on Tsakos Energy Navigation or Euronav. In contrast, 9% of the analysts are bearish on Teekay Tankers (TNK), 50% of the analysts are bearish on Navios Maritime Midstream Partners (NAP), and 43% of the analysts are bearish on Frontline (FRO).

Next, we’ll discuss more revisions for crude tanker stocks.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.