Tsakos Energy Navigation (NYSE:TEN) Issues Earnings Results

Tsakos Energy Navigation (NYSE:TEN) announced its quarterly earnings data 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 net margin of 22.57% and a return on equity of 19.07%.

Tsakos Energy Navigation Stock Performance

TEN traded up $0.44 during trading on Thursday, hitting $17.10. The stock had a trading volume of 317,276 shares, compared to its average volume of 285,612. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.28. The company has a 50 day moving average price of $17.22 and a 200-day moving average price of $19.81. Tsakos Energy Navigation has a one year low of $15.05 and a one year high of $30.40. The firm has a market cap of $504.55 million, a price-to-earnings ratio of 3.12 and a beta of -0.31.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TEN shares. StockNews.com upgraded Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Alliance Global Partners started coverage on Tsakos Energy Navigation in a report on Thursday, December 5th. They set a “buy” rating and a $40.00 target price on the stock.

About Tsakos Energy Navigation

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.