Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) crossed 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 traded.
Analysts Set New Price Targets
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.
Get Our Latest Analysis on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Up 3.6%
The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market capitalization of $539.92 million, a price-to-earnings ratio of 3.27 and a beta of -0.25. The business's 50-day simple moving average is $16.59 and its 200-day simple moving average is $17.53.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. The company had revenue of $154.59 million for the quarter, compared to the consensus estimate of $158.71 million. On average, research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Tsakos Energy Navigation stock. Moors & Cabot Inc. raised 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 13F filing with the Securities and Exchange Commission. The firm owned 104,285 shares of the company's stock after purchasing an additional 1,000 shares during the period. Moors & Cabot Inc. owned 0.35% of Tsakos Energy Navigation worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission. 19.24% of the stock is owned by hedge funds and other 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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