Tsakos Energy Navigation (NYSE:TEN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.14 and traded as high as $25.15. Tsakos Energy Navigation shares last traded at $25.10, with a volume of 807,750 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group restated a “hold” rating and set a $24.00 price target on shares of Tsakos Energy Navigation in a research report on Thursday, November 20th. Clarkson Capital began coverage on Tsakos Energy Navigation in a report on Monday, December 15th. They set a “buy” rating and a $35.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, October 14th. One equities research 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 has a consensus rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Stock Performance

The firm has a market capitalization of $756.26 million, a price-to-earnings ratio of 7.89 and a beta of -0.21. The firm has a 50 day moving average price of $23.81 and a 200-day moving average price of $22.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings results on Thursday, November 20th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $158.84 million for the quarter, compared to the consensus estimate of $170.78 million. Tsakos Energy Navigation had a return on equity of 13.36% and a net margin of 15.97%. As a group, sell-side analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Tsakos Energy Navigation Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, February 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a yield of 399.0%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is 31.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in shares of 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 purchasing an additional 684 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after buying an additional 993 shares during the last quarter. Tidal Investments LLC increased its holdings in Tsakos Energy Navigation by 13.2% in the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after buying an additional 1,482 shares during the last quarter. UBS Group AG raised its stake in Tsakos Energy Navigation by 1.8% in the third quarter. UBS Group AG now owns 115,500 shares of the company’s stock valued at $2,566,000 after buying an additional 2,089 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Tsakos Energy Navigation by 12.0% during the 3rd quarter. Moors & Cabot Inc. now owns 21,020 shares of the company’s stock worth $467,000 after buying an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 19.24% of the company’s stock.

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.