Technical Roundup On Two Stocks – Tsakos Energy Navigation Limited (TNP), Forterra, Inc. (FRTA)

Tsakos Energy Navigation Limited (NYSE:TNP) recently saw its volume around 0.51 million shares and on average it trades 0.32 million shares a day. The opening price of $4.13, led it to gain -4.06% to reach $4.02 upon the closing bell.

Tsakos Energy Navigation Limited (TNP) Analyst Opinion

Tsakos Energy Navigation Limited has a consensus outperform rating from 10 Wall Street analysts, and the number of shares currently sold short amount to at least 2.37% of shares outstanding. The stock sank -10.47% last month and is down -14.29 this year. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover TNP having a buy-equivalent rating. Analysts have placed a $5.65 price target on Tsakos Energy Navigation Limited, suggesting a 40.55% gain from recent close. It’s currently trading about -23.86% below its 52-week high.

Tsakos Energy Navigation Limited Earnings Surprise

Tsakos Energy Navigation Limited (TNP) failed to surprise the stock market in its last reported earnings when it earned -$0.12 a piece versus the consensus-estimated -$0.1. Its revenue totaled $101.68 million down -2.29% from the previous quarter.

Tsakos Energy Navigation Limited (NYSE:TNP) Intraday View

This stock (TNP) is ahead of its 52-week low with 5.24%. Its last month’s stock price volatility remained 8.11% which for the week stands at 3.87%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.79% and stays -9.57% away from its 50 days moving average. Over the last five days, shares have faced -2.9% losses and now is down -12.27% since hitting its 200-day moving average of $4.55. Tsakos Energy Navigation Limited (TNP) has made its way to a 12-month decline of -16.6%.

Turning to Forterra, Inc. (NASDAQ:FRTA), its shares were trading at $8.75 a retreat of $-0.37, on the trading floor. The stock, after opening at $9.14, touched a high of $9.35 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.8. Forterra, Inc. has 1 buy ratings, 7 holds and 0 sells even after the stock tumbled -61.56% from its high of $22.76 to a $558.24 million market value through last close.

Forterra, Inc. (FRTA) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.75 to 2.75 during a month. Analysts set a 12-month price target of $6.5 a share. The target implies a -25.71% decrease from where the shares are currently trading. Also, the current price highlights a discount of 2.86% to analysts’ high consensus price target.

Forterra, Inc. (NASDAQ:FRTA) Intraday Trading

The counter witnessed a trading volume of 0.53 million shares versus an average volume of 1.32 million shares during last trading session. Its last month’s stock price volatility remained 7.09% which for the week approaches 10.7%. The lowest price the stock reached in the last trading day was $8.68 and compares with the $3.02 52-week low. The stock recovered 189.74% since its low point and has performed -59.6% year-to-date.

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