Counterpoint Mutual Funds LLC Acquires Shares of 20,034 Tsakos Energy Navigation Ltd $TEN

Key Points

• Counterpoint Mutual Funds LLC has acquired 20,034 shares of Tsakos Energy Navigation Ltd, valued at approximately $384,000, representing 0.07% of the company's stock.
• Analysts have recently adjusted their ratings on Tsakos Energy Navigation, with a current average price target of $31.00, and ratings varying from Strong Buy to Hold.
• Tsakos reported a quarterly EPS of $0.67, exceeding estimates, with revenue of $161.39 million, slightly below expected figures.

Counterpoint Mutual Funds LLC acquired a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,034 shares of the company's stock, valued at approximately $384,000. Counterpoint Mutual Funds LLC owned 0.07% of Tsakos Energy Navigation at the end of the most recent reporting period.

Separately, Hsbc Holdings PLC acquired a new stake in Tsakos Energy Navigation during the 1st quarter worth about $267,000. 19.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TEN. Jefferies Financial Group restated a "hold" rating and issued a $22.00 target price on shares of Tsakos Energy Navigation in a research note on Wednesday, September 10th. Zacks Research lowered Tsakos Energy Navigation from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.00.

Tsakos Energy Navigation Price Performance

Shares of Tsakos Energy Navigation stock opened at $23.43 on Wednesday. The firm has a market cap of $705.75 million, a PE ratio of 8.37 and a beta of -0.07. Tsakos Energy Navigation Ltd has a twelve month low of $13.40 and a twelve month high of $26.90. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $21.04 and a 200 day moving average price of $18.82.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. The company had revenue of $161.39 million for the quarter, compared to analyst estimates of $163.62 million. Tsakos Energy Navigation had a return on equity of 18.25% and a net margin of 14.17%. Sell-side analysts predict that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.

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