Shares of Tsakos Energy Navigation Ltd (NYSE:TNP) traded at a new 52-week high today of $18.80. This new high was reached on approximately average trading volume as 259,000 shares traded hands, while the average 30-day volume is approximately 301,000 shares.
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.
Over the past year, Tsakos Energy Navigation Ltd has traded in a range of $6.95 to $18.80 and is now at $18.45, 165% above that low.
Potential upside of 2.9% exists for Tsakos Energy Navigation Ltd, based on a current level of $18.45 and analysts’ average consensus price target of $18.98.
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