Tsakos Energy Navigation (NYSE:TEN - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.
Other research analysts have also issued research reports about the company. Zacks Research lowered Tsakos Energy Navigation from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Jefferies Financial Group reaffirmed a "hold" rating and set a $22.00 price objective on shares of Tsakos Energy Navigation in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.00.
Read Our Latest Stock Report on Tsakos Energy Navigation
Tsakos Energy Navigation Stock Up 0.7%
Shares of NYSE:TEN traded up $0.15 during trading on Tuesday, hitting $21.42. The stock had a trading volume of 153,552 shares, compared to its average volume of 325,376. Tsakos Energy Navigation has a 12 month low of $13.40 and a 12 month high of $25.17. The company has a market capitalization of $645.38 million, a PE ratio of 7.66 and a beta of -0.13. The firm's fifty day moving average is $21.73 and its 200 day moving average is $19.37. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.90.
Tsakos Energy Navigation (NYSE:TEN - Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.08. Tsakos Energy Navigation had a return on equity of 12.03% and a net margin of 14.17%.The company had revenue of $161.39 million during the quarter, compared to analyst estimates of $163.62 million. Analysts anticipate that Tsakos Energy Navigation will post 3.44 EPS for the current fiscal year.
Institutional Trading of Tsakos Energy Navigation
Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tsakos Energy Navigation by 602.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company's stock valued at $15,917,000 after purchasing an additional 711,313 shares during the last quarter. Pale Fire Capital SE boosted its stake in shares of Tsakos Energy Navigation by 2.1% in the 2nd quarter. Pale Fire Capital SE now owns 360,433 shares of the company's stock worth $6,917,000 after buying an additional 7,376 shares during the last quarter. Foundation Resource Management Inc. boosted its stake in shares of Tsakos Energy Navigation by 0.7% in the 3rd quarter. Foundation Resource Management Inc. now owns 352,024 shares of the company's stock worth $7,822,000 after buying an additional 2,443 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Tsakos Energy Navigation by 693.1% in the 2nd quarter. Jump Financial LLC now owns 124,223 shares of the company's stock worth $2,384,000 after buying an additional 108,561 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company's stock worth $1,779,000 after buying an additional 1,000 shares during the last quarter. 19.24% of the stock is currently owned by hedge funds and other institutional investors.
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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