Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) declared a semi-annual dividend on Wednesday, June 18th, Wall Street Journal reports. Investors of record on Monday, July 14th will be given a dividend of 0.60 per share on Friday, July 18th. This represents a yield of 5.7%. The ex-dividend date is Monday, July 14th.
Tsakos Energy Navigation has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tsakos Energy Navigation to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 41.4%.
Tsakos Energy Navigation Price Performance
NYSE TEN traded up $0.67 during trading hours on Wednesday, hitting $21.21. The company had a trading volume of 972,672 shares, compared to its average volume of 302,064. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.11. The firm has a market capitalization of $638.91 million, a price-to-earnings ratio of 4.20 and a beta of -0.16. Tsakos Energy Navigation has a 52 week low of $13.40 and a 52 week high of $30.40. The firm has a 50 day simple moving average of $17.35 and a 200 day simple moving average of $17.26.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its earnings results on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.29 by $0.63. Tsakos Energy Navigation had a return on equity of 14.60% and a net margin of 21.92%. The business had revenue of $153.51 million during the quarter, compared to analysts' expectations of $154.01 million. During the same period in the previous year, the business earned $1.05 earnings per share. Equities research analysts expect that Tsakos Energy Navigation will post 3.44 earnings per share for the current year.
Wall Street Analyst Weigh In
TEN has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday. Wall Street Zen lowered shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on TEN
Tsakos Energy Navigation Company Profile
(
Get Free Report)
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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