Tsakos Energy Navigation Limited (TNP) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 20.22% since Aug 7.
This shipping stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Tsakos Energy Navigation. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Tsakos Energy Navigation carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same sector include Rand Logistics, Inc. (RLOG), Ship Finance International Limited (SFL) and China Shipping Development Company Limited (CSDXY). While Rand Logistics and Ship Finance International sport a Zacks Rank #1 (Strong Buy), China Shipping Development Company holds a Zacks Rank #2 (Buy).
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