Tsakos Energy Navigation (NYSE:TEN) Trading Down 3.8% - Should You Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price traded down 3.8% during trading on Monday . The company traded as low as $19.28 and last traded at $18.89. 37,076 shares were traded during trading, a decline of 87% from the average session volume of 294,860 shares. The stock had previously closed at $19.64.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Tsakos Energy Navigation from $18.00 to $21.00 and gave the company a "hold" rating in a report on Tuesday. Wall Street Zen cut shares of Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.

Tsakos Energy Navigation Stock Up 3.2%

The company has a market cap of $638.91 million, a PE ratio of 4.72 and a beta of -0.16. The company's fifty day moving average is $17.60 and its 200-day moving average is $17.32. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.85.

Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.29 by $0.63. The firm had revenue of $153.51 million for the quarter, compared to the consensus estimate of $154.01 million. Tsakos Energy Navigation had a net margin of 20.00% and a return on equity of 10.63%. During the same period last year, the firm earned $1.05 EPS. On average, analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.

Tsakos Energy Navigation Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, July 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, July 14th. This represents a yield of 5.7%. Tsakos Energy Navigation's dividend payout ratio is currently 35.64%.

Institutional Trading of Tsakos Energy Navigation

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

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.