Michael Webber of Wells Fargo Securities stamped the owner’s New York-quoted stock with an “outperform” rating and set a valuation range of $9.00 to $10.00 per share.
“Tsakos owns a fleet of 62 tankers (42 crude, 16 product, two shuttle tankers, and two LNG carriers), which provides exposure to what we believe will be a gradually firming tanker market in the second-half of 2014/2015,” he told clients Monday.
“Further,
