Jefferies Financial Group Reaffirms “Hold” Rating for Tsakos Energy Navigation (NYSE:TEN)

Tsakos Energy Navigation (NYSE:TEN)‘s stock had its “hold” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $22.00 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 0.46% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a research note on Thursday, May 15th. Zacks Research lowered shares of Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Tsakos Energy Navigation Price Performance

NYSE:TEN opened at $21.90 on Wednesday. Tsakos Energy Navigation has a one year low of $13.40 and a one year high of $26.90. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.11. The firm has a market cap of $659.85 million, a price-to-earnings ratio of 7.82 and a beta of -0.07. The firm’s fifty day moving average is $20.59 and its two-hundred day moving average is $18.43.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 18.25%. The company had revenue of $161.39 million for the quarter, compared to analyst estimates of $163.62 million. Research analysts expect that Tsakos Energy Navigation will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TEN. Osaic Holdings Inc. raised its holdings in Tsakos Energy Navigation by 9.6% in the 2nd quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock valued at $150,000 after acquiring an additional 684 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after acquiring an additional 993 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock valued at $1,779,000 after acquiring an additional 1,000 shares during the last quarter. Tidal Investments LLC raised its holdings in Tsakos Energy Navigation by 13.2% in the 2nd quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Tsakos Energy Navigation in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds 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.