Tsakos Energy Navigation (NYSE:TEN) Announces Quarterly Earnings Results

Tsakos Energy Navigation (NYSE:TEN) released its quarterly earnings results on Thursday. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%.

Tsakos Energy Navigation Stock Up 2.6 %

Shares of NYSE TEN traded up $0.44 during midday trading on Thursday, hitting $17.10. The stock had a trading volume of 317,276 shares, compared to its average volume of 285,612. Tsakos Energy Navigation has a 52 week low of $15.05 and a 52 week high of $30.40. The business’s 50 day moving average is $17.22 and its 200-day moving average is $19.81. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market cap of $504.55 million, a P/E ratio of 3.12 and a beta of -0.31.

Wall Street Analyst Weigh In

TEN has been the topic of several analyst reports. Alliance Global Partners began coverage on shares of Tsakos Energy Navigation in a report on Thursday, December 5th. They set a “buy” rating and a $40.00 price target on the stock. StockNews.com raised Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th.

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.