Shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.52 and traded as high as $21.08. Tsakos Energy Navigation shares last traded at $20.75, with a volume of 275,146 shares trading hands.
Analysts Set New Price Targets
TEN has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a research report on Tuesday, June 17th. Wall Street Zen downgraded shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
View Our Latest Research Report on TEN
Tsakos Energy Navigation Trading Down 0.7%
The firm has a market cap of $620.34 million, a PE ratio of 4.59 and a beta of -0.14. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85. The company's 50 day moving average price is $18.59 and its two-hundred day moving average price is $17.52.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.29 by $0.63. The company had revenue of $153.51 million for the quarter, compared to the consensus estimate of $154.01 million. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. During the same quarter last year, the firm posted $1.05 EPS. As a group, sell-side analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.
Tsakos Energy Navigation Dividend Announcement
The business also recently declared a semi-annual dividend, which will be paid on Friday, July 18th. Investors of record on Monday, July 14th will be paid a $0.60 dividend. This represents a yield of 5.7%. The ex-dividend date is Monday, July 14th. Tsakos Energy Navigation's dividend payout ratio is presently 26.73%.
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) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned 0.05% of Tsakos Energy Navigation at the end of the most recent reporting period. Institutional investors own 19.24% of the company's stock.
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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