Tsakos Energy Navigation (NYSE:TEN) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tsakos Energy Navigation's stock price recently surpassed its 200-day moving average of $17.86, reaching a high of $20.34 during trading.
• Analysts have given mixed ratings, with Wall Street Zen downgrading to a "sell" while Jefferies raised the target price from $18.00 to $21.00 and maintained a "hold" rating.
• The company reported a record EPS of $0.92 for the last quarter, significantly exceeding analysts' estimates, despite a slight revenue miss.

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 $17.86 and traded as high as $20.34. Tsakos Energy Navigation shares last traded at $19.80, with a volume of 181,438 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TEN shares. Wall Street Zen lowered shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. 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 research note on Tuesday, June 17th.

Tsakos Energy Navigation Price Performance

The stock has a market capitalization of $596.54 million, a PE ratio of 4.41 and a beta of -0.09. The stock's 50 day moving average is $19.65 and its two-hundred day moving average is $17.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.11.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued 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. The firm had revenue of $153.51 million for the quarter, compared to analyst estimates 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 period last year, the company posted $1.05 EPS. On average, equities analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.

Tsakos Energy Navigation Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, July 14th were issued a $0.60 dividend. The ex-dividend date was Monday, July 14th. This represents a yield of 570.0%. Tsakos Energy Navigation's dividend payout ratio is presently 26.73%.

Institutional Trading of Tsakos Energy Navigation

A number of hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. raised its holdings in Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock valued at $1,779,000 after acquiring an additional 1,000 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Tsakos Energy Navigation in the 2nd quarter valued at about $384,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Tsakos Energy Navigation during the 1st quarter worth approximately $267,000. Institutional investors and hedge funds own 19.24% of the company's stock.

Tsakos Energy Navigation Company Profile

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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