Tsakos Energy Navigation (NYSE:TEN) Receives Hold Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has reissued a "hold" rating for Tsakos Energy Navigation (NYSE:TEN) with a price target of $22.00, indicating a potential upside of 2.25% from the current price.
• Several ratings have been assigned to the stock, with Zacks Research downgrading it from "strong-buy" to "hold" and Wall Street Zen moving it from "hold" to "sell".
• Tsakos Energy Navigation reported an EPS of $0.67 for the last quarter, surpassing the consensus estimate of $0.59.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $22.00 price target on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 2.25% from the stock's current price.

Several other research firms have also weighed in on TEN. Zacks Research lowered shares of Tsakos Energy Navigation from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen lowered shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

Tsakos Energy Navigation Stock Performance

NYSE:TEN traded down $0.92 during mid-day trading on Wednesday, hitting $21.52. The company's stock had a trading volume of 449,756 shares, compared to its average volume of 326,965. Tsakos Energy Navigation has a 1 year low of $13.40 and a 1 year high of $26.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.11 and a quick ratio of 1.06. The stock has a market cap of $648.25 million, a price-to-earnings ratio of 4.80 and a beta of -0.07. The business's fifty day moving average is $20.53 and its two-hundred day moving average is $18.37.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. Analysts anticipate that Tsakos Energy Navigation will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tsakos Energy Navigation by 602.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company's stock worth $15,917,000 after purchasing an additional 711,313 shares during the last quarter. Pale Fire Capital SE boosted its stake in Tsakos Energy Navigation by 2.1% during the 2nd quarter. Pale Fire Capital SE now owns 360,433 shares of the company's stock worth $6,917,000 after purchasing an additional 7,376 shares during the last quarter. Jump Financial LLC boosted its stake in Tsakos Energy Navigation by 693.1% during the 2nd quarter. Jump Financial LLC now owns 124,223 shares of the company's stock worth $2,384,000 after purchasing an additional 108,561 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Tsakos Energy Navigation by 1.0% during the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock worth $1,779,000 after purchasing an additional 1,000 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Tsakos Energy Navigation during the 2nd quarter worth $761,000. Institutional investors and hedge funds own 19.24% of the company's stock.

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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