Tsakos Energy Navigation (NYSE:TEN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.56 and traded as high as $18.45. Tsakos Energy Navigation shares last traded at $18.13, with a volume of 143,150 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Thursday, May 15th.

Tsakos Energy Navigation Price Performance

The stock has a market cap of $546.22 million, a PE ratio of 3.31 and a beta of -0.25. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $16.56 and its two-hundred day moving average price is $17.56.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $154.59 million for the quarter, compared to the consensus estimate of $158.71 million. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%. On average, equities analysts expect 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 bought a new position in Tsakos Energy Navigation stock. Hsbc Holdings PLC acquired a new position in Tsakos Energy Navigation Ltd (NYSE:TEN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 19.24% of the stock is owned by hedge funds and other institutional investors.

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.