Tsakos Energy Navigation (NYSE:TEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tsakos Energy Navigation (NYSE:TEN) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tsakos Energy Navigation has an average rating of “Hold” and a consensus target price of $29.50.

Tsakos Energy Navigation Price Performance

Shares of Tsakos Energy Navigation stock opened at $50.69 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.40. Tsakos Energy Navigation has a 52-week low of $20.50 and a 52-week high of $53.84. The company has a fifty day moving average of $42.26 and a 200-day moving average of $40.07. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.14 and a beta of -0.26.

Tsakos Energy Navigation (NYSE:TEN) last issued its earnings results on Thursday, September 10th. The company reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.21. Tsakos Energy Navigation had a net margin of 33.81% and a return on equity of 29.44%. The company had revenue of $246.28 million for the quarter, compared to analysts’ expectations of $238.87 million.

Insider Transactions at Tsakos Energy Navigation

In related news, Director Clio Hatzimichalis sold 5,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $41.07, for a total value of $205,350.00. Following the completion of the transaction, the director directly 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 Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Cooper Creek Partners Management LLC bought a new position in shares of Tsakos Energy Navigation in the 1st quarter worth about $15,688,000. Walleye Capital LLC boosted its stake in Tsakos Energy Navigation by 654.1% during the first quarter. Walleye Capital LLC now owns 286,314 shares of the company’s stock worth $11,298,000 after acquiring an additional 248,345 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 period. Sagil Capital LLP increased its stake in shares of Tsakos Energy Navigation by 13.7% during the fourth quarter. Sagil Capital LLP now owns 861,366 shares of the company’s stock valued at $19,312,000 after purchasing an additional 103,801 shares in the last quarter. Finally, Navellier & Associates Inc. increased its stake in shares of Tsakos Energy Navigation by 297.0% during the second quarter. Navellier & Associates Inc. now owns 96,633 shares of the company’s stock valued at $3,418,000 after purchasing an additional 72,293 shares in the last quarter. Institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Company Profile

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.