Why Tsakos Energy Navigation Ltd (NYSE:TNP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.73 on Tsakos Energy Navigation Ltd (NYSE:TNP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.98 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Tsakos Energy Navigation Ltd (NYSE:TNP) stands at 3.32.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Tsakos Energy Navigation Ltd Co, the PEG ratio for coming 3-5 years is 0.08.

Technical Analysis

The technical analysis highlights that Tsakos Energy Navigation Ltd Co current is trading $0.02 points away or +0.38% from its 50-day moving average of $5.03. Further it is trading $-0.63 or -11.07% away its 200-day moving average of $5.68.

The 52-week high of Tsakos Energy Navigation Ltd (NYSE:TNP) was $9.63 while lowest point recorded in 52-week was $4.48. It implies if stock price makes a movement of over $-4.58, it will record a new 52-week high. In the case of +12.72% drop, it will touch a new 52-week low.

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