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Tsakos Energy Navigation: Analyst Recommendations before 4Q17

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Updated

Tsakos before its 4Q17 results

We already saw what analysts expect for Tsakos Energy Navigation’s (TNP) revenue and EBITDA (earnings before interest, tax, depreciation, and amortization) for 4Q17 and fiscal 2017. In this part of the series, we’ll look at analysts’ recommendations for the company and other crude oil (DBO) tanker companies.

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Latest revisions

On March 5, 2018, UBS reduced Tsakos Energy Navigation’s target price to $3.50 from $4.50.

Target price

The 12-month consensus target price for Tsakos Energy Navigation is $5.13. Compared to the current market price of $3.37 on March 8, 2018, the target price implies a potential upside of 52.2%.

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Analysts’ recommendations

Of the 13 analysts covering Tsakos Energy Navigation, two of them have recommended a “strong buy,” while six have recommended a “buy.” Five analysts (or 38%) have given it a “hold” rating. None of them have given the company a “strong sell” or “sell” rating.

Peers

  • Nine analysts are covering Nordic American Tankers (NAT). None of them have given the company a “strong buy” recommendation, and one has given it a “buy” recommendation. About 55% of them have given it a “hold” rating, and 33% of them are bearish on the stock.
  • Teekay Tankers (TNK) is covered by 12 analysts. About 33% of them have given the company a “buy” recommendation, 50% have given it a “hold,” and 17% have given it a “sell.”
  • Of the 15 analysts covering DHT Holdings (DHT), 6% have given it a “strong buy” recommendation, 40% have given it a “buy,” and 54% have given it a “hold.”
  • Seven analysts are covering General Maritime Partners (GNRT). About 14% of them have given the company a “strong buy” recommendation, 14% have given it a “buy,” and 72% have given it a “hold.”
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