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 $17.44 and traded as high as $18.15. Tsakos Energy Navigation shares last traded at $17.88, with a volume of 208,315 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
View Our Latest Analysis on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Up 2.1%
The company has a market cap of $548.33 million, a PE ratio of 3.32 and a beta of -0.25. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average of $16.73 and a two-hundred day moving average of $17.40.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%. The company had revenue of $154.59 million during the quarter, compared to analysts' expectations of $158.71 million. As a group, sell-side analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.
Institutional Trading of Tsakos Energy Navigation
A hedge fund recently bought a new stake in Tsakos Energy Navigation stock. Hsbc Holdings PLC purchased a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned about 0.05% of Tsakos Energy Navigation at the end of the most recent reporting period. Institutional investors own 19.24% of the company's stock.
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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