Headed For A Crash? – Tsakos Energy Navigation Limited (TNP), Daqo New Energy Corp. (DQ)

Tsakos Energy Navigation Limited (NYSE:TNP) recent rally took place on significantly more volume which surged nearly 0.52 million contracts on 17-Oct-17 versus its daily average of 0.29 million. The first sale was made at $4.66 but later the stock became weaker, and closed with a gain of 3.44%. It was last traded at $4.81 apiece.

Tsakos Energy Navigation Limited (TNP): Outperform Candidate With 23.7% Upside Potential

Tsakos Energy Navigation Limited is maintained at an average outperform rating by 10 stock analysts, and there are at least 2% of shares outstanding that are currently legally short sold. The shares went up by 7.85% in value last month. Year-to-date it jumped 2.56%. Analysts are turning out to be more optimistic than before, with 8 of analysts who cover Tsakos Energy Navigation Limited (NYSE:TNP) advice adding it to buy candidate list. Wall Street experts also assign a $5.95 price target on Tsakos Energy Navigation Limited, pointing towards a 23.7% rally from current levels. The stock is trading for about -8.9% less than its 52-week high.

Tsakos Energy Navigation Limited Reports -21.35% Sales Growth

Tsakos Energy Navigation Limited (TNP) remained unsuccessful in beating the consensus-estimated $0.04 as it actually earned -$0.03 per share in its last reported financial results. Revenue, on the other hand, scored -21.35% growth from the previous quarter, coming up with $108.87 million.

TNP Adds 8.58% In A Week

This company shares (TNP) so far managed to recover 22.7% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.51% while shortening the period to a week, volatility was 2.62%. The share price has already crossed its 20 days moving average, floating at a distance of 6.46% and sits 6.48% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 8.58% gains and is up by 3.23% compared with its 200-day moving average of $4.62. Also, Tsakos Energy Navigation Limited (TNP) needs to overturn a -1.64% decrease it experienced over the past twelve months.

Daqo New Energy Corp. (NYSE:DQ) Consensus Call At 2.3

As regular trading ended, Daqo New Energy Corp. (DQ) stock brought in a -$1.29 drop to $30.46. The day started at a price of $31.45 but then traded as high as $31.46 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.3. Daqo New Energy Corp. is given 0 buy-equivalent recommendations, 0 sells and 1 holds. The company shares sank -12.05% from their peak of $34.63 and now has a $316.78 million market value of equity.

Daqo New Energy Corp. Could Grow -1.18% More

DQ’s mean recommendation on Reuter’s scale presents no change from 2.33 thirty days ago to 2.33 now, which indicates a hold consensus from the analyst community. They see Daqo New Energy Corp. (DQ) price hitting a mean target of $30.1 a share, meaning the stock still has potential that could drag the price another -1.18% Also, the recent close suggests the stock is underpriced by 24.75% compared to the most bullish target.

Daqo New Energy Corp. (DQ) Returns 57.82% This Year

The company had seen its current volume reaching at 0.24 million shares in the last trade. That compares with the recent volume average of 0.12 million. At the close of regular trading, its last week’s stock price volatility was 4.35% which for the month reaches 4.32%. Daqo New Energy Corp. dipped to as low as $30.21 throughout the day and has returned 57.82% in this year. At one point in the past year, the shares traded as low as $18.01 but has recovered 69.13% since then.

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