Tsakos Energy Navigation (NYSE:TEN) Shares Break Above Two Hundred Day Moving Average – Should You Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $40.52 and traded as high as $47.67. Tsakos Energy Navigation shares last traded at $47.1070, with a volume of 454,793 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TEN shares. Wall Street Zen raised Tsakos Energy Navigation from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.40. The business’s 50 day simple moving average is $43.34 and its 200-day simple moving average is $40.61. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 4.98 and a beta of -0.26.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings results on Thursday, September 10th. The company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.93 by $0.21. The company had revenue of $246.28 million for the quarter, compared to analyst estimates of $238.87 million. Tsakos Energy Navigation had a net margin of 33.81% and a return on equity of 29.44%.

Insider Buying and Selling

In other Tsakos Energy Navigation news, Director Clio Hatzimichalis sold 5,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $41.07, for a total transaction of $205,350.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $205,350. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theoharrys Kosmatos sold 10,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $53.00, for a total value of $530,000.00. Following the completion of the transaction, the chief financial officer directly owned 14,700 shares of the company’s stock, valued at approximately $779,100. The trade was a 40.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new stake in Tsakos Energy Navigation in the second quarter worth about $346,000. State Street Corp increased its stake in Tsakos Energy Navigation by 2.4% during the 2nd quarter. State Street Corp now owns 65,687 shares of the company’s stock valued at $2,323,000 after buying an additional 1,522 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Tsakos Energy Navigation during the 2nd quarter worth about $669,000. Navellier & Associates Inc. raised its position in shares of Tsakos Energy Navigation by 297.0% during the 2nd quarter. Navellier & Associates Inc. now owns 96,633 shares of the company’s stock worth $3,418,000 after buying an additional 72,293 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Tsakos Energy Navigation by 25,093.5% in the 1st quarter. NewEdge Advisors LLC now owns 11,589 shares of the company’s stock worth $457,000 after acquiring an additional 11,543 shares during the period. Institutional investors and hedge funds own 19.24% of the company’s stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. is a Greek-based international tanker company that owns and operates vessels serving the global energy transportation industry. Its fleet has historically included crude oil tankers, product tankers, shuttle tankers and liquefied natural gas carriers, enabling the company to transport crude oil, refined petroleum products and other energy commodities.

Founded in 1993, Tsakos Energy Navigation developed a diversified fleet serving oil companies, refiners, commodity traders and other charterers.