Tsakos Energy Navigation (NYSE:TEN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tsakos Energy Navigation Ltd (NYSE:TEN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.68 and traded as high as $39.50. Tsakos Energy Navigation shares last traded at $39.0660, with a volume of 162,199 shares.

Analyst Ratings Changes

TEN has been the subject of a number of analyst reports. Wall Street Zen raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Tsakos Energy Navigation currently has an average rating of “Hold” and a consensus price target of $29.50.

Tsakos Energy Navigation Stock Performance

The business has a fifty day simple moving average of $38.35 and a two-hundred day simple moving average of $36.68. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.18 billion, a P/E ratio of 6.36 and a beta of -0.28.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings data on Thursday, May 21st. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.65. The firm had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%.

Tsakos Energy Navigation Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were paid a dividend of $1.00 per share. This represents a dividend yield of 507.0%. The ex-dividend date was Thursday, July 23rd. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 32.57%.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tsakos Energy Navigation by 602.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company’s stock worth $15,917,000 after purchasing an additional 711,313 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in Tsakos Energy Navigation during the first quarter valued at $15,688,000. Walleye Capital LLC raised its position in Tsakos Energy Navigation by 654.1% during the first quarter. Walleye Capital LLC now owns 286,314 shares of the company’s stock valued at $11,298,000 after purchasing an additional 248,345 shares during the period. Millennium Management LLC boosted its stake in Tsakos Energy Navigation by 347.1% during the third quarter. Millennium Management LLC now owns 287,149 shares of the company’s stock worth $6,380,000 after buying an additional 222,931 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted 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 worth $32,114,000 after purchasing an additional 151,195 shares during the last quarter. 19.24% of the stock is currently owned by hedge funds and other institutional investors.

About Tsakos Energy Navigation

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.