Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report) was down 3.8% during trading on Monday . The company traded as low as $19.28 and last traded at $18.89. Approximately 37,076 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 294,860 shares. The stock had previously closed at $19.64.
Analyst Ratings Changes
Separately, Wall Street Zen cut Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Check Out Our Latest Report on TEN
Tsakos Energy Navigation Stock Performance
The stock has a market capitalization of $565.50 million, a price-to-earnings ratio of 3.42 and a beta of -0.16. The company's fifty day simple moving average is $17.14 and its 200 day simple moving average is $17.24. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%. The company had revenue of $154.59 million for the quarter, compared to analyst estimates of $158.71 million. On average, equities research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.
Institutional Investors Weigh In On Tsakos Energy Navigation
An institutional investor recently bought a new position in Tsakos Energy Navigation stock. Hsbc Holdings PLC acquired a new stake in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,638 shares of the company's stock, valued at approximately $267,000. Hsbc Holdings PLC owned approximately 0.05% of Tsakos Energy Navigation as of its most recent SEC filing. 19.24% of the stock is currently owned by institutional investors and hedge funds.
Tsakos Energy Navigation Company Profile
(
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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