Tsakos Energy Navigation (NYSE:TEN) Earns Hold Rating from Jefferies Financial Group

Tsakos Energy Navigation (NYSE:TEN)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research note issued on Thursday,Benzinga reports. They currently have a $24.00 target price on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 2.36% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, October 14th. Zacks Research lowered 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 Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.00.

Tsakos Energy Navigation Trading Down 1.8%

Shares of NYSE TEN opened at $24.58 on Thursday. The firm has a 50 day moving average price of $23.28 and a two-hundred day moving average price of $20.96. The stock has a market cap of $740.55 million, a P/E ratio of 8.78 and a beta of -0.15. Tsakos Energy Navigation has a 52-week low of $13.40 and a 52-week high of $26.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.30.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.05 earnings per share for the quarter. The company had revenue of $158.84 million for the quarter. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 12.03%. As a group, equities analysts forecast that Tsakos Energy Navigation will post 3.44 EPS for the current year.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. grew its stake in Tsakos Energy Navigation by 1.0% during the first quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock worth $1,779,000 after purchasing an additional 1,000 shares during the period. Hsbc Holdings PLC bought a new position in shares of Tsakos Energy Navigation during the 1st quarter worth approximately $267,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Tsakos Energy Navigation during the 2nd quarter worth approximately $384,000. JPMorgan Chase & Co. acquired a new stake in shares of Tsakos Energy Navigation during the 2nd quarter worth approximately $672,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Tsakos Energy Navigation in the 2nd quarter valued at $761,000. Institutional investors own 19.24% of the company’s stock.

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.