Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.97 and traded as high as $20.69. Tsakos Energy Navigation shares last traded at $19.97, with a volume of 342,259 shares.
Wall Street Analyst Weigh In
Several research analysts have issued reports on TEN shares. Jefferies Financial Group increased their target price on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen cut shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation currently has a consensus rating of "Buy" and a consensus price target of $30.50.
Read Our Latest Stock Report on TEN
Tsakos Energy Navigation Stock Up 0.7%
The firm has a market capitalization of $644.78 million, a P/E ratio of 4.77 and a beta of -0.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.11. The business's fifty day moving average price is $20.07 and its two-hundred day moving average price is $18.01.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last released its quarterly earnings results on Tuesday, June 17th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.63. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 14.17%. The business 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. Equities analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.
Tsakos Energy Navigation Announces Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, July 14th were issued a $0.60 dividend. This represents a dividend yield of 570.0%. The ex-dividend date was Monday, July 14th. Tsakos Energy Navigation's dividend payout ratio (DPR) is currently 26.73%.
Hedge Funds Weigh In On Tsakos Energy Navigation
Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Tsakos Energy Navigation by 312.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company's stock valued at $25,000 after acquiring an additional 993 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Tsakos Energy Navigation during the second quarter valued at about $58,000. Tidal Investments LLC increased its holdings in shares of Tsakos Energy Navigation by 13.2% during the second quarter. Tidal Investments LLC now owns 12,733 shares of the company's stock valued at $244,000 after acquiring an additional 1,482 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Tsakos Energy Navigation during the first quarter valued at about $267,000. Finally, Walleye Capital LLC acquired a new position in shares of Tsakos Energy Navigation during the second quarter valued at about $296,000. Institutional investors and hedge funds 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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