Tsakos Energy Navigation (NYSE:TEN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.05 and traded as high as $22.76. Tsakos Energy Navigation shares last traded at $22.2440, with a volume of 137,496 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Tuesday, October 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price objective on shares of Tsakos Energy Navigation in a research note on Thursday, November 20th. Finally, Clarkson Capital assumed coverage on Tsakos Energy Navigation in a research report on Monday, December 15th. They set a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Stock Down 1.7%

The company has a market cap of $670.21 million, a P/E ratio of 6.99 and a beta of -0.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. The business’s 50 day moving average price is $23.91 and its 200-day moving average price is $22.05.

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

Tsakos Energy Navigation Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, February 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 11th. This represents a yield of 399.0%. Tsakos Energy Navigation’s dividend payout ratio is 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 second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after purchasing an additional 993 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Tsakos Energy Navigation during the 2nd quarter worth $58,000. Osaic Holdings Inc. boosted its position 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 buying an additional 684 shares during the last quarter. State of Wyoming acquired a new stake in shares of Tsakos Energy Navigation in the 3rd quarter valued at $198,000. Finally, MQS Management LLC bought a new stake in shares of Tsakos Energy Navigation during the third quarter worth $222,000. 19.24% of the stock is owned by institutional investors.

Tsakos Energy Navigation Company Profile

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.