Tsakos Energy Navigation (NYSE:TEN) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Tsakos Energy Navigation from “buy” to “strong-buy,” though broader analyst coverage remains cautious, with an average “hold” rating and a $29.50 price target.
• Tsakos reported quarterly EPS of $3.14, beating estimates of $2.93, while revenue of $246.28 million also exceeded expectations. The company posted a 33.81% net margin and 46.44% return on equity.
• The stock opened at $52.06, near its 12-month high of $53.84, with a market capitalization of $1.57 billion and a low trailing P/E ratio of 5.27. Institutional investors own 19.24% of the shares, while an insider recently sold 5,000 shares.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $29.50.

Tsakos Energy Navigation Stock Performance

Tsakos Energy Navigation stock opened at $52.06 on Friday. The company's 50-day moving average price is $42.02 and its 200-day moving average price is $39.95. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.57 billion, a PE ratio of 5.27 and a beta of -0.26. Tsakos Energy Navigation has a twelve month low of $20.50 and a twelve month high of $53.84.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $2.93 by $0.21. Tsakos Energy Navigation had a return on equity of 46.44% and a net margin of 33.81%.The company had revenue of $246.28 million during the quarter, compared to analyst estimates of $238.87 million.

Insider Buying and Selling at Tsakos Energy Navigation

In other news, Director Clio Hatzimichalis sold 5,000 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $41.07, for a total transaction of $205,350.00. Following the completion of the sale, the director directly owned 5,000 shares of the company's stock, valued at approximately $205,350. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.41% of the company's stock.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Tsakos Energy Navigation by 56.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the company's stock worth $81,000 after acquiring an additional 743 shares during the period. Savant Capital LLC grew its stake in Tsakos Energy Navigation by 6.6% in the fourth quarter. Savant Capital LLC now owns 13,356 shares of the company's stock worth $299,000 after purchasing an additional 825 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in Tsakos Energy Navigation by 0.6% during the 4th quarter. Main Street Financial Solutions LLC now owns 396,909 shares of the company's stock worth $8,899,000 after purchasing an additional 2,445 shares during the period. Royal Bank of Canada increased its holdings in Tsakos Energy Navigation by 638.2% during the 1st quarter. Royal Bank of Canada now owns 2,997 shares of the company's stock worth $118,000 after purchasing an additional 2,591 shares during the period. Finally, R Squared Ltd bought a new stake in Tsakos Energy Navigation during the 1st quarter valued at $231,000. 19.24% of the stock is owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. is a Greek-based international tanker company that owns and operates vessels serving the global energy transportation industry. Its fleet has historically included crude oil tankers, product tankers, shuttle tankers and liquefied natural gas carriers, enabling the company to transport crude oil, refined petroleum products and other energy commodities.

Founded in 1993, Tsakos Energy Navigation developed a diversified fleet serving oil companies, refiners, commodity traders and other charterers.

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