Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) crossed 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 trading hands.
Wall Street Analyst Weigh In
Several analysts have issued reports on TEN shares. Wall Street Zen lowered Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. Jefferies Financial Group upped their price objective on Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a research note on Tuesday, June 17th.
Check Out Our Latest Analysis on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Down 2.0%
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 firm has a market capitalization of $574.58 million, a P/E ratio of 4.25 and a beta of -0.14. The firm has a 50 day simple moving average of $19.05 and a two-hundred day simple moving average of $17.69.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.29 by $0.63. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. The business had revenue of $153.51 million for the quarter, compared to analyst estimates of $154.01 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Equities research analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.
Tsakos Energy Navigation Dividend Announcement
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, July 18th. Investors of record on Monday, July 14th were given a $0.60 dividend. The ex-dividend date was Monday, July 14th. This represents a dividend yield of 5.7%. Tsakos Energy Navigation's dividend payout ratio (DPR) is presently 26.73%.
Hedge Funds Weigh In On Tsakos Energy Navigation
A number of large investors have recently modified their holdings of TEN. Counterpoint Mutual Funds LLC purchased a new position in Tsakos Energy Navigation during the 2nd quarter valued at about $384,000. Hsbc Holdings PLC purchased a new position in Tsakos Energy Navigation in the 1st quarter worth approximately $267,000. Finally, Moors & Cabot Inc. increased 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 worth $1,779,000 after purchasing 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
(
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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