Tsakos Energy Navigation (NYSE:TEN) Stock Price Up 4.8% - Should You Buy?

Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s share price shot up 4.8% during trading on Tuesday . The company traded as high as $19.95 and last traded at $19.80. 102,832 shares were traded during trading, a decline of 65% from the average session volume of 295,820 shares. The stock had previously closed at $18.89.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.

Tsakos Energy Navigation Trading Up 6.5%

The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $605.87 million, a price-to-earnings ratio of 3.67 and a beta of -0.16. The company's 50 day simple moving average is $17.24 and its two-hundred day simple moving average is $17.24.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $154.59 million during the quarter, compared to analysts' expectations of $158.71 million. As a group, research analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tsakos Energy Navigation

An institutional investor recently raised its position in Tsakos Energy Navigation stock. Moors & Cabot Inc. increased its position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,285 shares of the company's stock after buying an additional 1,000 shares during the quarter. Moors & Cabot Inc. owned about 0.35% of Tsakos Energy Navigation worth $1,779,000 at the end of the most recent reporting period. 19.24% of the stock is currently owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

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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