Shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.33 and traded as high as $18.31. Tsakos Energy Navigation shares last traded at $18.04, with a volume of 206,217 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
View Our Latest Stock Analysis on TEN
Tsakos Energy Navigation Stock Performance
The firm has a fifty day moving average price of $16.83 and a 200 day moving average price of $17.29. The firm has a market capitalization of $535.46 million, a PE ratio of 3.24 and a beta of -0.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.28.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. The company had revenue of $154.59 million during the quarter, compared to analyst estimates of $158.71 million. Research analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Tsakos Energy Navigation stock. Hsbc Holdings PLC purchased a new position in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 reporting period. 19.24% of the stock is currently owned by institutional investors and hedge funds.
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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