Tsakos Energy Navigation (TNP) is expected to release its first-quarter results on June 15. It’s one of the last companies among its peers to release its first-quarter earnings.
Tsakos Energy Navigation stock has fallen 5.6% YTD (year-to-date) as of May 30. The following are the YTD returns for TNP’s peers:
Tsakos Energy Navigation is one of analysts’ favorite crude oil tanker stocks. According to Reuters, the consensus rating for Tsakos Energy Navigation is 2.0, which means a “buy.” The company has had a consensus “buy” rating for more than two years. During that period, no analysts have rated the company a “sell.”
Of the ten analysts covering Tsakos Energy Navigation, two have recommended a “strong buy,” and six have recommended a “buy.” Two analysts have rated it a “hold.” None of them have rated it a “strong sell” or “sell.”
The consensus 12-month target price for Tsakos Energy Navigation is $5.23, which implies a potential upside of 41.7% from its market price of $3.69 on May 30.
In the next part of this series, we’ll see what analysts are estimating for Tsakos Energy Navigation’s upcoming first-quarter results.