Tsakos Energy Navigation (NYSE:TEN) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tsakos Energy Navigation's stock recently climbed above its 200-day moving average (200‑day MA $28.89), trading as high as $40.38 and last around $39.91 on volume of about 216,856 shares, with a 50‑day MA of $36.99.
• Analysts remain mixed: the consensus rating is Hold with a consensus target price of $29.50 (well below the current price); one firm upgraded to Buy while three maintain Hold ratings.
• The company reported a strong quarter, beating EPS estimates ($1.70 vs. $0.77) and revenue estimates ($182.96M vs. $162.84M), showing a 20.15% net margin and 17.26% ROE, with a market cap of ~$1.2B and a P/E of 8.95.

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 $28.89 and traded as high as $40.38. Tsakos Energy Navigation shares last traded at $39.9070, with a volume of 216,856 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on TEN shares. Wall Street Zen upgraded shares of Tsakos Energy Navigation from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Tsakos Energy Navigation in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Tsakos Energy Navigation presently has a consensus rating of "Hold" and a consensus target price of $29.50.

Tsakos Energy Navigation Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87. The company's 50 day moving average is $36.99 and its 200 day moving average is $28.89. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 8.95 and a beta of -0.30.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its quarterly earnings results on Friday, March 6th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $0.77 by $0.93. Tsakos Energy Navigation had a net margin of 20.15% and a return on equity of 17.26%. The business had revenue of $182.96 million for the quarter, compared to the consensus estimate of $162.84 million.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several institutional investors and hedge funds have recently bought and sold shares of the company. Drucker Wealth 3.0 LLC bought a new stake in Tsakos Energy Navigation during the first quarter worth about $235,000. XTX Topco Ltd lifted its position in Tsakos Energy Navigation by 55.0% during the fourth quarter. XTX Topco Ltd now owns 33,097 shares of the company's stock worth $742,000 after purchasing an additional 11,740 shares during the period. Susquehanna Portfolio Strategies LLC lifted its position in Tsakos Energy Navigation by 16.8% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 63,497 shares of the company's stock worth $1,424,000 after purchasing an additional 9,131 shares during the period. Tudor Investment Corp ET AL lifted its position in Tsakos Energy Navigation by 1.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 78,555 shares of the company's stock worth $1,761,000 after purchasing an additional 1,445 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Tsakos Energy Navigation during the fourth quarter worth about $56,000. Institutional investors own 19.24% of the company's stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. NYSE: TEN is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.

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