Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.64 and traded as high as $19.50. Tsakos Energy Navigation shares last traded at $18.95, with a volume of 327,274 shares.
Analysts Set New Price Targets
Several equities research analysts have weighed in on TEN shares. Wall Street Zen downgraded Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th. Jefferies Financial Group increased their price target on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a research report on Tuesday, June 17th.
Read Our Latest Stock Report on TEN
Tsakos Energy Navigation Trading Up 1.3%
The stock has a market cap of $583.88 million, a PE ratio of 4.32 and a beta of -0.14. 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 company's 50-day moving average price is $18.98 and its 200 day moving average price is $17.65.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its quarterly 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. The business had revenue of $153.51 million during 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 quarter in the previous year, the firm posted $1.05 earnings per share. On average, sell-side analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.
Tsakos Energy Navigation Announces Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, July 18th. Investors of record on Monday, July 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a yield of 5.7%. Tsakos Energy Navigation's dividend payout ratio (DPR) is presently 26.73%.
Institutional Investors Weigh In On Tsakos Energy Navigation
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. grew its position in Tsakos Energy Navigation by 1.0% during the first 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 period. Counterpoint Mutual Funds LLC acquired a new stake in Tsakos Energy Navigation during the second quarter worth approximately $384,000. Finally, Hsbc Holdings PLC acquired a new stake in Tsakos Energy Navigation during the first quarter worth approximately $267,000. 19.24% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
Before you consider Tsakos Energy Navigation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tsakos Energy Navigation wasn't on the list.
While Tsakos Energy Navigation currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
