Shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.56 and traded as high as $18.45. Tsakos Energy Navigation shares last traded at $18.13, with a volume of 143,150 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
View Our Latest Report on TEN
Tsakos Energy Navigation Stock Performance
The company's 50-day moving average price is $16.64 and its 200 day moving average price is $17.43. The stock has a market capitalization of $539.92 million, a PE ratio of 3.27 and a beta of -0.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.32.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $154.59 million during the quarter, compared to analyst estimates of $158.71 million. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. On average, equities research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tsakos Energy Navigation
A hedge fund recently bought a new stake in Tsakos Energy Navigation stock. Hsbc Holdings PLC acquired a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned approximately 0.05% of Tsakos Energy Navigation at the end of the most recent quarter. Hedge funds and other institutional investors own 19.24% of the company's stock.
Tsakos Energy Navigation Company Profile
(
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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.
Further Reading
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