Wall Street Zen Upgrades Tsakos Energy Navigation (NYSE:TEN) to “Strong-Buy”

by · The Cerbat Gem

Tsakos Energy Navigation (NYSE:TEN – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note 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, the company presently has a consensus rating of “Hold” and a consensus price target of $29.50.

View Our Latest Stock Report on TEN

Tsakos Energy Navigation Price Performance

TEN opened at $52.06 on Friday. The stock’s 50-day moving average price is $42.02 and its 200 day moving average price is $39.97. Tsakos Energy Navigation has a 12-month low of $20.50 and a 12-month high of $53.84. The company has a current ratio of 1.40, a quick ratio of 1.35 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 5.27 and a beta of -0.26.

Tsakos Energy Navigation (NYSE:TEN – Get Free Report) last released its earnings results on Thursday, September 10th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.21. The company had revenue of $246.28 million during the quarter, compared to the consensus estimate of $238.87 million. Tsakos Energy Navigation had a return on equity of 29.44% and a net margin of 33.81%.

Insider Activity at Tsakos Energy Navigation

In related news, Director Clio Hatzimichalis sold 5,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $41.07, for a total value of $205,350.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $205,350. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Tsakos Energy Navigation

Institutional investors have recently modified their holdings of the stock. Sagil Capital LLP lifted its position in Tsakos Energy Navigation by 13.7% in the fourth quarter. Sagil Capital LLP now owns 861,366 shares of the company’s stock valued at $19,312,000 after acquiring an additional 103,801 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Tsakos Energy Navigation by 22.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 813,845 shares of the company’s stock valued at $32,114,000 after acquiring an additional 151,195 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Tsakos Energy Navigation by 15.2% during the first quarter. Renaissance Technologies LLC now owns 466,225 shares of the company’s stock worth $18,397,000 after purchasing an additional 61,428 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Tsakos Energy Navigation during the first quarter worth about $15,688,000. Finally, Main Street Financial Solutions LLC increased its position in shares of Tsakos Energy Navigation by 0.6% during the fourth quarter. Main Street Financial Solutions LLC now owns 396,909 shares of the company’s stock worth $8,899,000 after purchasing an additional 2,445 shares in the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s stock.

About Tsakos Energy Navigation

(Get Free Report)

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.

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