Tsakos Energy Navigation (NYSE:TEN - Get Free Report)'s stock had its "hold" rating reissued by Jefferies Financial Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $22.00 price target on the stock. Jefferies Financial Group's price target would suggest a potential downside of 5.87% from the company's previous close.
Several other brokerages have also issued reports 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.
View Our Latest Stock Report on Tsakos Energy Navigation
Tsakos Energy Navigation Price Performance
Shares of NYSE:TEN traded up $1.08 during midday trading on Wednesday, hitting $23.37. The stock had a trading volume of 533,979 shares, compared to its average volume of 332,672. The company has a market capitalization of $704.17 million, a P/E ratio of 8.35 and a beta of -0.07. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85. The company's 50-day moving average price is $20.63 and its 200-day moving average price is $18.50. Tsakos Energy Navigation has a fifty-two week low of $13.40 and a fifty-two week high of $26.90.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.08. The company had revenue of $161.39 million for the quarter, compared to analyst estimates of $163.62 million. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 18.25%. As a group, equities research analysts predict that Tsakos Energy Navigation will post 3.44 EPS for the current fiscal year.
Institutional Investors Weigh In On Tsakos Energy Navigation
A number of institutional investors have recently added to or reduced their stakes in TEN. EverSource Wealth Advisors LLC lifted its position in shares of Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company's stock worth $25,000 after purchasing an additional 993 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Tsakos Energy Navigation in the 2nd quarter worth approximately $58,000. Osaic Holdings Inc. lifted its position in shares of Tsakos Energy Navigation by 9.6% in the 2nd quarter. Osaic Holdings Inc. now owns 7,821 shares of the company's stock worth $150,000 after purchasing an additional 684 shares during the period. Tidal Investments LLC lifted its position in shares of Tsakos Energy Navigation by 13.2% in the 2nd quarter. Tidal Investments LLC now owns 12,733 shares of the company's stock worth $244,000 after purchasing an additional 1,482 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Tsakos Energy Navigation in the 1st quarter worth approximately $267,000. 19.24% of the stock is owned by institutional investors.
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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