Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.71 and traded as high as $20.28. Tsakos Energy Navigation shares last traded at $20.09, with a volume of 349,220 shares.
Analysts Set New Price Targets
Several brokerages recently weighed in on TEN. Wall Street Zen lowered Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th. Jefferies Financial Group lifted their price objective on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Tuesday, June 17th.
Get Our Latest Analysis on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Down 1.2%
The firm has a 50 day simple moving average of $19.14 and a 200 day simple moving average of $17.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.11. The firm has a market cap of $597.24 million, a P/E ratio of 4.41 and a beta of -0.14.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its earnings results on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.29 by $0.63. Tsakos Energy Navigation had a return on equity of 14.17% and a net margin of 20.00%. The business had revenue of $153.51 million during the quarter, compared to the consensus estimate of $154.01 million. During the same quarter last year, the company earned $1.05 EPS. On average, equities research analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.
Tsakos Energy Navigation Announces Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, July 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a dividend yield of 5.7%. Tsakos Energy Navigation's dividend payout ratio (DPR) is presently 26.73%.
Institutional Trading of Tsakos Energy Navigation
A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new stake in Tsakos Energy Navigation in the 1st quarter worth approximately $267,000. Counterpoint Mutual Funds LLC bought a new stake in Tsakos Energy Navigation in the 2nd quarter worth approximately $384,000. Finally, Moors & Cabot Inc. lifted its position 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 buying an additional 1,000 shares during the last quarter. Institutional investors own 19.24% of the company's stock.
About Tsakos Energy Navigation
(
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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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