Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.68 and traded as high as $39.50. Tsakos Energy Navigation shares last traded at $39.0660, with a volume of 162,199 shares changing hands.
Analyst Ratings Changes
Several equities analysts have weighed in on TEN shares. Wall Street Zen raised Tsakos Energy Navigation from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Weiss Ratings restated a "hold (c)" rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.50.
View Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Price Performance
The firm has a market capitalization of $1.18 billion, a PE ratio of 6.36 and a beta of -0.28. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.95 and a quick ratio of 0.92. The business's 50 day moving average is $38.35 and its two-hundred day moving average is $36.68.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its earnings results on Thursday, May 21st. The company reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.65. The business had revenue of $223.12 million for the quarter, compared to analysts' expectations of $208.77 million. Tsakos Energy Navigation had a return on equity of 23.26% and a net margin of 24.81%.
Tsakos Energy Navigation Announces Dividend
The firm also recently declared a dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a dividend yield of 507.0%. Tsakos Energy Navigation's dividend payout ratio (DPR) is 32.57%.
Hedge Funds Weigh In On Tsakos Energy Navigation
Several institutional investors and hedge funds have recently made changes to their positions in TEN. Osaic Holdings Inc. grew its holdings in shares of Tsakos Energy Navigation by 9.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,821 shares of the company's stock worth $150,000 after acquiring an additional 684 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Tsakos Energy Navigation by 56.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the company's stock valued at $81,000 after purchasing an additional 743 shares in the last quarter. Savant Capital LLC grew its stake in Tsakos Energy Navigation by 6.6% in the fourth quarter. Savant Capital LLC now owns 13,356 shares of the company's stock worth $299,000 after purchasing an additional 825 shares during the period. Tudor Investment Corp ET AL raised its holdings in Tsakos Energy Navigation by 1.9% in 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 in the last quarter. Finally, Tidal Investments LLC raised its holdings in Tsakos Energy Navigation by 13.2% in the second quarter. Tidal Investments LLC now owns 12,733 shares of the company's stock worth $244,000 after purchasing an additional 1,482 shares in the last quarter. Institutional investors own 19.24% of the company's stock.
About Tsakos Energy Navigation
(
Get Free Report)
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.
Further Reading
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