Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $18.55, but opened at $19.24. Tsakos Energy Navigation shares last traded at $19.20, with a volume of 124,605 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Check Out Our Latest Stock Report on Tsakos Energy Navigation
Tsakos Energy Navigation Price Performance
The stock has a market capitalization of $592.92 million, a price-to-earnings ratio of 3.59 and a beta of -0.16. The company has a 50 day moving average of $17.14 and a 200 day moving average of $17.26. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $154.59 million during the quarter, compared to analyst estimates of $158.71 million. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%. As a group, equities research analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.
Institutional Investors Weigh In On Tsakos Energy Navigation
An institutional investor recently raised its position in Tsakos Energy Navigation stock. Moors & Cabot Inc. lifted its stake in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,285 shares of the company's stock after buying an additional 1,000 shares during the period. Moors & Cabot Inc. owned approximately 0.35% of Tsakos Energy Navigation worth $1,779,000 as of its most recent SEC filing. 19.24% of the stock is owned by hedge funds and other institutional investors.
Tsakos Energy Navigation Company Profile
(
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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