The company has seen three downward estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Tsakos Energy Navigation carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
However, some better-ranked stocks in the shipping industry include KNOT Offshore Partners LP (KNOP), Capital Product Partners L.P. (CPLP) and Danaos Corporation (DAC). While KNOT Offshore sports a Zacks Rank #1 (Strong Buy), Capital Product Partners and Danaos Corporation hold a Zacks Rank #2 (Buy).
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