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 traded.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
View Our Latest Analysis on Tsakos Energy Navigation
Tsakos Energy Navigation Price Performance
The company has a market cap of $567.91 million, a P/E ratio of 3.44 and a beta of -0.16. The firm's 50-day moving average is $17.14 and its two-hundred day moving average is $17.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.28.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. The business had revenue of $154.59 million for the quarter, compared to analyst estimates of $158.71 million. Analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.
Hedge Funds Weigh In On Tsakos Energy Navigation
An institutional investor recently bought a new position in Tsakos Energy Navigation stock. Hsbc Holdings PLC bought a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned about 0.05% of Tsakos Energy Navigation as of its most recent SEC filing. 19.24% of the stock is currently 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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