Tsakos Energy Navigation (NYSE:TEN - Get Free Report) posted its earnings results on Tuesday. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.63, Zacks reports. The firm had revenue of $153.51 million during the quarter, compared to analysts' expectations of $154.01 million. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. During the same quarter in the prior year, the business earned $1.05 earnings per share.
Tsakos Energy Navigation Trading Up 8.4%
TEN stock traded up $1.59 during mid-day trading on Tuesday, reaching $20.48. The company's stock had a trading volume of 1,027,524 shares, compared to its average volume of 299,270. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tsakos Energy Navigation has a 12 month low of $13.40 and a 12 month high of $30.40. The business's 50 day moving average price is $17.24 and its 200 day moving average price is $17.24. The company has a market cap of $617.11 million, a price-to-earnings ratio of 3.74 and a beta of -0.16.
Analysts Set New Price Targets
A number of analysts have weighed in on TEN shares. Jefferies Financial Group lifted their price target on Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a research note on Tuesday. Wall Street Zen cut shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
Check Out Our Latest Research Report on Tsakos Energy Navigation
About Tsakos Energy Navigation
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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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