Tsakos Energy Navigation (TEN) to Release Earnings on Thursday

Tsakos Energy Navigation (NYSE:TEN) is projected to announce its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $158.71 million for the quarter.

Tsakos Energy Navigation Trading Down 0.4 %

TEN stock opened at $16.64 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $490.98 million, a P/E ratio of 3.04 and a beta of -0.31. Tsakos Energy Navigation has a 1-year low of $15.05 and a 1-year high of $30.40. The business’s 50 day moving average is $17.29 and its 200-day moving average is $19.84.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Alliance Global Partners started coverage on Tsakos Energy Navigation in a research note on Thursday, December 5th. They set a “buy” rating and a $40.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Tsakos Energy Navigation from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report 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.