Tsakos Energy Navigation (NYSE:TEN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) had its target price increased by stock analysts at Jefferies Financial Group from $18.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 1.04% from the stock's current price.

Separately, Wall Street Zen cut shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.

Tsakos Energy Navigation Stock Down 2.1%

Shares of NYSE:TEN traded down $0.46 during trading on Tuesday, hitting $20.78. 540,045 shares of the company were exchanged, compared to its average volume of 303,048. The stock has a market cap of $626.22 million, a price-to-earnings ratio of 4.63 and a beta of -0.16. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Tsakos Energy Navigation has a fifty-two week low of $13.40 and a fifty-two week high of $30.40. The firm has a fifty day moving average price of $17.70 and a two-hundred day moving average price of $17.33.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.63. Tsakos Energy Navigation had a return on equity of 10.63% and a net margin of 20.00%. The business had revenue of $153.51 million during the quarter, compared to the consensus estimate of $154.01 million. During the same quarter last year, the firm posted $1.05 EPS. As a group, research analysts anticipate that Tsakos Energy Navigation will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tsakos Energy Navigation

A hedge fund recently raised its stake in Tsakos Energy Navigation stock. Moors & Cabot Inc. grew its holdings in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,285 shares of the company's stock after purchasing an additional 1,000 shares during the period. Moors & Cabot Inc. owned about 0.35% of Tsakos Energy Navigation worth $1,779,000 at the end of the most recent quarter. 19.24% of the stock is currently owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

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.