Tsakos Energy Navigation (NYSE:TEN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.69 and traded as high as $18.20. Tsakos Energy Navigation shares last traded at $17.70, with a volume of 283,619 shares changing hands.

Tsakos Energy Navigation Trading Up 0.9%

The business’s fifty day moving average is $16.28 and its 200-day moving average is $17.69. The stock has a market capitalization of $533.27 million, a PE ratio of 3.23 and a beta of -0.25. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88.

Tsakos Energy Navigation (NYSE:TEN) last released its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%. The firm had revenue of $154.59 million during the quarter, compared to the consensus estimate of $158.71 million. As a group, analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Tsakos Energy Navigation

A hedge fund recently raised its stake in Tsakos Energy Navigation stock. Moors & Cabot Inc. grew its holdings in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,285 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Moors & Cabot Inc. owned 0.35% of Tsakos Energy Navigation worth $1,779,000 at the end of the most recent quarter. Institutional investors own 19.24% of the company’s stock.

About Tsakos Energy Navigation

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.