Tsakos Energy Navigation Ltd stock performance trend indicates that the stock price has rallied 2.95% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 1.45% . Looking at the past 52 week period, the stock price is down -24.19% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Tsakos Energy Navigation Ltd has a negative value of -25.63 compared to overall market performance.Tsakos Energy Navigation Limited is having a Relative Strength Index of 62.56 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Tsakos Energy Navigation Ltd (NYSE:TNP) has climbed 9.64% in the past week and advanced 2.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.38% and the outperformance has advanced to 1.14% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Tsakos Energy Navigation Ltd (NYSE:TNP) : On Friday heightened volatility was witnessed in Tsakos Energy Navigation Ltd (NYSE:TNP) which led to swings in the share price. The stock opened for trading at $4.88 and hit $4.91 on the upside , eventually ending the session at $4.89, with a gain of 4.49% or 0.21 points. The heightened volatility saw the trading volume jump to 1,468,096 shares. The 52-week high of the share price is $6.79 and the company has a market cap of $407 million. The 52-week low of the share price is at $3.92 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Tsakos Energy Navigation Ltd. was Downgraded by Credit Suisse to Neutral on Jan 13, 2017. Tsakos Energy Navigation Ltd. was Initiated by Maxim Group on Dec 20, 2016 to Buy, Price Target of the shares are set at $9.
Tsakos Energy Navigation Ltd. Last issued its quarterly earnings results on Sep 9, 2016. The company reported $0.15 EPS for the quarter. Analyst had a consensus estimate of $0.15. The company had revenue of $119.90 million for the quarter, compared to analysts expectations of $102.29 million. The companys revenue was down -22.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.
Tsakos Energy Navigation is a leading provider of international seaborne crude oil and petroleum product transportation services. It was incorporated in 1993 as an exempted company under the laws of Bermuda under the name Maritime Investment Fund Limited. In 1996, Maritime Investment Fund Limited was renamed MIF Limited. Their common shares were listed in 1993 on the Oslo Stock Exchange and the Bermuda Stock Exchange although they delisted from the OSE in March 2005 due to limited trading. The Companys shares are no longer actively traded on the Bermuda exchange. In July 2001, the Companys name was changed to Tsakos Energy Navigation to enhance their brand recognition in the tanker industry, particularly among charterers.