Tsakos Energy Navigation (NYSE:TEN) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s share price crossed 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 traded.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TEN. Jefferies Financial Group boosted their target price on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, June 17th. Wall Street Zen downgraded shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.

Tsakos Energy Navigation Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $19.19 and a 200 day moving average price of $17.76. The stock has a market cap of $585.72 million, a PE ratio of 4.33 and a beta of -0.14.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.29 by $0.63. The business had revenue of $153.51 million for the quarter, compared to the consensus estimate of $154.01 million. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. During the same period in the prior year, the firm earned $1.05 earnings per share. As a group, research analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Tsakos Energy Navigation Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, July 18th. Investors of record on Monday, July 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a yield of 5.7%. Tsakos Energy Navigation's dividend payout ratio (DPR) is 26.73%.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of institutional investors and hedge funds have recently modified their holdings of TEN. Counterpoint Mutual Funds LLC purchased a new stake in shares of Tsakos Energy Navigation in the second quarter worth $384,000. Hsbc Holdings PLC purchased a new stake in shares of Tsakos Energy Navigation in the 1st quarter valued at about $267,000. Finally, Moors & Cabot Inc. raised its holdings in shares of Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock valued at $1,779,000 after acquiring an additional 1,000 shares in the last quarter. 19.24% of the stock is owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

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.