Shares of Tsakos Energy Navigation Ltd (NYSE:TNP) traded today at $18.86, eclipsing its 52-week high. Approximately 581,000 shares have changed hands today, as compared to an average 30-day volume of 350,000 shares.
In the past 52 weeks, shares of Tsakos Energy Navigation Ltd have traded between a low of $6.95 and a high of $18.86 and is now at $18.33, which is 164% above that low price.
Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company’s carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat and voyage charters, contracts of affreightment, and pool arrangements.
Tsakos Energy Navigation Ltd (NYSE:TNP) has potential upside of 55.3% based on a current price of $18.33 and analysts’ consensus price target of $28.47.
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