Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.35 and traded as high as $20.00. Tsakos Energy Navigation shares last traded at $19.44, with a volume of 370,780 shares.
Analyst Upgrades and Downgrades
TEN has been the topic of a number of research analyst reports. Wall Street Zen downgraded Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th. Jefferies Financial Group increased their price objective on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Tuesday, June 17th.
Get Our Latest Stock Report on Tsakos Energy Navigation
Tsakos Energy Navigation Stock Down 2.3%
The company's fifty day simple moving average is $18.11 and its 200 day simple moving average is $17.38. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $594.71 million, a P/E ratio of 4.40 and a beta of -0.16.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 10.63%. The company had revenue of $153.51 million for the quarter, compared to analysts' expectations of $154.01 million. During the same quarter in the previous year, the company earned $1.05 earnings per share. Research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.
Tsakos Energy Navigation Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, July 14th will be paid a $0.60 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, July 14th. Tsakos Energy Navigation's payout ratio is presently 40.09%.
Institutional Investors 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 stake in shares of 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 and Exchange Commission. The fund bought 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned approximately 0.05% of Tsakos Energy Navigation at the end of the most recent quarter. Institutional investors own 19.24% of the company's stock.
Tsakos Energy Navigation Company Profile
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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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