Tsakos Energy Navigation (NYSE:TEN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Tsakos Energy Navigation Ltd (NYSE:TEN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.37 and traded as high as $26.05. Tsakos Energy Navigation shares last traded at $25.5460, with a volume of 425,380 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TEN. Jefferies Financial Group restated a “hold” rating and set a $24.00 price objective on shares of Tsakos Energy Navigation in a research report on Thursday, November 20th. Clarkson Capital initiated coverage on Tsakos Energy Navigation in a research note on Monday, December 15th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.50.

Tsakos Energy Navigation Trading Down 0.2%

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.30. The company has a market capitalization of $769.65 million, a price-to-earnings ratio of 8.03 and a beta of -0.21. The firm has a fifty day moving average price of $23.95 and a 200-day moving average price of $22.37.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $158.84 million for the quarter, compared to the consensus estimate of $170.78 million. Tsakos Energy Navigation had a net margin of 15.97% and a return on equity of 13.36%. As a group, equities analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.

Tsakos Energy Navigation Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.50 per share. This represents a yield of 399.0%. The ex-dividend date is Wednesday, February 11th. Tsakos Energy Navigation’s payout ratio is currently 31.45%.

Hedge Funds Weigh In On Tsakos Energy Navigation

A number of institutional investors have recently modified their holdings of TEN. EverSource Wealth Advisors LLC lifted its position in shares of Tsakos Energy Navigation by 312.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after buying an additional 993 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Tsakos Energy Navigation during the second quarter worth about $58,000. Osaic Holdings Inc. lifted its holdings in shares of Tsakos Energy Navigation by 9.6% in the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock worth $150,000 after acquiring an additional 684 shares during the last quarter. State of Wyoming bought a new position in shares of Tsakos Energy Navigation in the third quarter worth about $198,000. Finally, MQS Management LLC acquired a new stake in shares of Tsakos Energy Navigation in the 3rd quarter valued at approximately $222,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.