Shares of Tsakos Energy Navigation Ltd (NYSE:TNP) traded today at $16.73, eclipsing its 52-week high. So far today approximately 137,000 shares have been exchanged, as compared to an average 30-day volume of 277,000 shares.
Over the past year, Tsakos Energy Navigation Ltd has traded in a range of $6.95 to $16.73 and is now at $16.36, 135% above that low.
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.
Potential upside of 4.4% exists for Tsakos Energy Navigation Ltd, based on a current level of $16.36 and analysts’ average consensus price target of $17.08.
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