Tsakos Energy Navigation (NYSE:TEN - Get Free Report) had its price target increased by investment analysts at Jefferies Financial Group from $18.00 to $21.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 2.03% from the stock's previous close.
Separately, Wall Street Zen downgraded shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
View Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Up 9.0%
Shares of Tsakos Energy Navigation stock traded up $1.69 during trading on Tuesday, hitting $20.58. The stock had a trading volume of 652,489 shares, compared to its average volume of 297,962. The stock has a 50 day simple moving average of $17.24 and a 200 day simple moving average of $17.24. Tsakos Energy Navigation has a 1 year low of $13.40 and a 1 year high of $30.40. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $620.12 million, a PE ratio of 3.74 and a beta of -0.16.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $154.59 million for the quarter, compared to the consensus estimate of $158.71 million. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%. On average, research analysts expect that Tsakos Energy Navigation will post 3.44 EPS for the current fiscal year.
Institutional Investors Weigh In On Tsakos Energy Navigation
An institutional investor recently bought a new position in Tsakos Energy Navigation stock. Hsbc Holdings PLC purchased a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned about 0.05% of Tsakos Energy Navigation at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.24% of the company's stock.
About Tsakos Energy Navigation
(
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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