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

Tsakos Energy Navigation Ltd (NYSE:TEN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.89 and traded as high as $27.27. Tsakos Energy Navigation shares last traded at $27.05, with a volume of 178,874 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TEN shares. Clarkson Capital assumed coverage on Tsakos Energy Navigation in a research report on Monday, December 15th. They issued a “buy” rating and a $35.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Friday, January 9th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $24.00 price target on shares of Tsakos Energy Navigation in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Stock Performance

The firm has a market cap of $815.02 million, a price-to-earnings ratio of 8.51 and a beta of -0.21. 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 firm has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $22.89.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $158.84 million during the quarter, compared to analyst estimates of $170.78 million. Tsakos Energy Navigation had a net margin of 15.97% and a return on equity of 13.36%. On average, analysts expect that Tsakos Energy Navigation Ltd will post 3.44 EPS for the current 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 given a $0.50 dividend. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Wednesday, February 11th. Tsakos Energy Navigation’s dividend payout ratio is presently 31.45%.

Institutional Trading of Tsakos Energy Navigation

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Tsakos Energy Navigation in the second quarter worth about $672,000. Hsbc Holdings PLC raised its position in Tsakos Energy Navigation by 91.1% during the 2nd quarter. Hsbc Holdings PLC now owns 29,880 shares of the company’s stock worth $573,000 after buying an additional 14,242 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Tsakos Energy Navigation during the 2nd quarter valued at approximately $761,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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. Finally, Walleye Capital LLC acquired a new stake in shares of Tsakos Energy Navigation in the second quarter worth $296,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

About Tsakos Energy Navigation

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.