Tsakos Energy Navigation (NYSE:TEN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Tsakos Energy Navigation (NYSE:TEN) from a buy rating to a hold rating in a research note published on Sunday morning.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Friday, January 9th. Clarkson Capital started coverage on shares of Tsakos Energy Navigation in a report on Monday, December 15th. They set a “buy” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.50.

Tsakos Energy Navigation Stock Down 1.8%

TEN stock opened at $35.64 on Friday. The company has a 50 day moving average price of $30.28 and a two-hundred day moving average price of $25.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.30. The stock has a market capitalization of $1.07 billion, a P/E ratio of 7.99 and a beta of -0.27. Tsakos Energy Navigation has a one year low of $13.40 and a one year high of $38.87.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings results on Friday, March 6th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.93. Tsakos Energy Navigation had a return on equity of 26.29% and a net margin of 20.15%.The company had revenue of $182.96 million for the quarter, compared to analyst estimates of $162.84 million. As a group, sell-side analysts expect that Tsakos Energy Navigation will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Tsakos Energy Navigation by 312.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after buying an additional 993 shares during the period. Barclays PLC acquired a new stake in Tsakos Energy Navigation in the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC raised its stake in shares of Tsakos Energy Navigation by 186.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company’s stock valued at $54,000 after purchasing an additional 1,585 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Tsakos Energy Navigation during the fourth quarter valued at approximately $56,000. Finally, Morse Asset Management Inc lifted its position in shares of Tsakos Energy Navigation by 255.6% during the fourth quarter. Morse Asset Management Inc now owns 2,845 shares of the company’s stock worth $64,000 after purchasing an additional 2,045 shares in the last quarter. Institutional investors and hedge funds own 19.24% of the company’s stock.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.