Tsakos Energy Navigation (NYSE:TEN) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Tsakos Energy Navigation Ltd (NYSE:TEN)’s stock price crossed 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 changing hands.

Analyst Upgrades and Downgrades

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

Tsakos Energy Navigation Price Performance

The firm has a 50-day moving average of $16.56 and a 200-day moving average of $17.56. 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 debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.28.

Tsakos Energy Navigation (NYSE:TEN) last issued its earnings results on Thursday, March 27th. The company reported $0.42 earnings per share for the quarter, topping 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 analyst estimates of $158.71 million. Research analysts predict that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current year.

Hedge Funds 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 shares of Tsakos Energy Navigation Ltd (NYSE:TEN) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,638 shares of the company’s stock, valued at approximately $267,000. Hsbc Holdings PLC owned about 0.05% of Tsakos Energy Navigation at the end of the most recent reporting period. 19.24% of the stock is owned by institutional investors.

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.