Cleaves Securities Downgrades Tsakos Energy (TNP) to Hold


Tsakos Energy (TNP) received a Hold rating and a $3.20 price target from Cleaves Securities analyst Joakim Hannisdahl yesterday. The company’s shares closed last Monday at $3.98.

According to TipRanks.com, Hannisdahl is a 3-star analyst with an average return of 1.1% and a 54.1% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

Currently, the analyst consensus on Tsakos Energy is a Hold with an average price target of $3.20.

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The company has a one-year high of $4.66 and a one-year low of $1.71. Currently, Tsakos Energy has an average volume of 831.2K.

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Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.

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