Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price dropped 4% during mid-day trading on Tuesday . The stock traded as low as $19.39 and last traded at $19.53. Approximately 241,200 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 314,476 shares. The stock had previously closed at $20.34.
Analyst Upgrades and Downgrades
TEN has been the subject of several analyst reports. Wall Street Zen lowered Tsakos Energy Navigation from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. Jefferies Financial Group raised their price target on Tsakos Energy Navigation from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, June 17th.
Get Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Down 2.3%
The company has a 50 day moving average of $18.11 and a two-hundred day moving average of $17.38. 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 stock has a market capitalization of $594.71 million, a PE ratio of 4.40 and a beta of -0.16.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.63. Tsakos Energy Navigation had a return on equity of 10.63% and a net margin of 20.00%. The company had revenue of $153.51 million during the quarter, compared to analysts' expectations of $154.01 million. During the same quarter in the previous year, the firm posted $1.05 EPS. Sell-side analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.
Tsakos Energy Navigation Announces Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, July 18th. Investors 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 payout ratio is 40.09%.
Hedge Funds Weigh In On Tsakos Energy Navigation
A hedge fund recently bought a new stake in Tsakos Energy Navigation stock. Hsbc Holdings PLC acquired a new position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter. 19.24% of the stock is owned by institutional investors and hedge funds.
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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