Shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. 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 boosted their target price 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.
Get Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Up 1.8%
The company has a debt-to-equity ratio of 0.85, a current ratio of 1.11 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $18.80 and a 200-day simple moving average of $17.59. The firm has a market cap of $625.46 million, a P/E ratio of 4.62 and a beta of -0.14.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its earnings results on Tuesday, June 17th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.63. Tsakos Energy Navigation had a return on equity of 14.17% and a net margin of 20.00%. The company had revenue of $153.51 million for the quarter, compared to analysts' expectations of $154.01 million. During the same period last year, the business earned $1.05 EPS. On average, equities research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.
Tsakos Energy Navigation Dividend Announcement
The firm also recently declared a semi-annual dividend, which will be paid on Friday, July 18th. Investors of record on Monday, July 14th will be given a $0.60 dividend. The ex-dividend date is Monday, July 14th. This represents a yield of 5.7%. Tsakos Energy Navigation's payout ratio is 26.73%.
Institutional Trading of Tsakos Energy Navigation
A hedge fund recently raised its stake in Tsakos Energy Navigation stock. Moors & Cabot Inc. raised its stake in Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,285 shares of the company's stock after purchasing an additional 1,000 shares during the quarter. Moors & Cabot Inc. owned 0.35% of Tsakos Energy Navigation worth $1,779,000 as of its most recent filing with the Securities & Exchange Commission. 19.24% of the stock is 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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