Shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.79 and traded as high as $19.60. Tsakos Energy Navigation shares last traded at $19.23, with a volume of 165,599 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TEN shares. Wall Street Zen cut shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. Jefferies Financial Group lifted their price objective on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, June 17th.
Check Out Our Latest Stock Report on Tsakos Energy Navigation
Tsakos Energy Navigation Stock Performance
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 has a market cap of $631.63 million, a P/E ratio of 4.66 and a beta of -0.09. The company's 50-day moving average is $19.40 and its two-hundred day moving average is $17.77.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its earnings results on Tuesday, June 17th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.63. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. The business had revenue of $153.51 million for the quarter, compared to the consensus estimate of $154.01 million. During the same period last year, the firm posted $1.05 earnings per share. Equities analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.
Tsakos Energy Navigation Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, July 14th were issued a dividend of $0.60 per share. This represents a dividend yield of 570.0%. The ex-dividend date was Monday, July 14th. Tsakos Energy Navigation's payout ratio is 26.73%.
Institutional Trading of Tsakos Energy Navigation
Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in Tsakos Energy Navigation in the 1st quarter worth about $267,000. Counterpoint Mutual Funds LLC bought a new position in Tsakos Energy Navigation in the 2nd quarter worth about $384,000. Finally, Moors & Cabot Inc. boosted its stake in Tsakos Energy Navigation by 1.0% in 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 in the last quarter. 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.
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