Tsakos Energy Navigation (NYSE:TEN) Sets New 1-Year High – Should You Buy?

Shares of Tsakos Energy Navigation Ltd (NYSE:TEN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.88 and last traded at $25.76, with a volume of 127801 shares traded. The stock had previously closed at $25.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.00 target price on shares of Tsakos Energy Navigation in a report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, October 14th. Finally, Zacks Research lowered Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.00.

Tsakos Energy Navigation Price Performance

The stock has a market cap of $777.18 million, a PE ratio of 9.21 and a beta of -0.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. The firm’s 50 day moving average price is $23.03 and its two-hundred day moving average price is $20.80.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings data on Wednesday, September 10th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 12.03%. The company had revenue of $161.39 million during the quarter, compared to analyst estimates of $163.62 million. On average, research analysts expect that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TEN. Osaic Holdings Inc. raised its stake in Tsakos Energy Navigation by 9.6% in the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock valued at $150,000 after purchasing an additional 684 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after acquiring an additional 993 shares in the last quarter. Moors & Cabot Inc. increased its stake in Tsakos Energy Navigation by 1.0% in the first quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock valued at $1,779,000 after acquiring an additional 1,000 shares during the last quarter. Tidal Investments LLC raised its position in Tsakos Energy Navigation by 13.2% during the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after purchasing an additional 1,482 shares in the last quarter. Finally, UBS Group AG grew its position in Tsakos Energy Navigation by 1.8% during the third quarter. UBS Group AG now owns 115,500 shares of the company’s stock valued at $2,566,000 after acquiring an additional 2,089 shares during the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s 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.