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Analyst Recommendations for Tsakos Energy Navigation before Q1

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First-quarter results

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.

Stock performance

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:

  • Nordic American Tankers (NAT): fell 4.9%
  • Teekay Tankers (TNK): fell 20.7%
  • Euronav (EURN): 0%
  • DHT Holdings (DHT): rose 14.7%
  • Navios Maritime Midstream Partners (NAP): fell 57.2%
  • Gener8 Maritime Partners (GNRT): rose 0.6%

Analysts’ recommendations

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.”

Target price

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.

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