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

Tsakos Energy Navigation Ltd (NYSE:TEN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.15 and traded as high as $40.09. Tsakos Energy Navigation shares last traded at $39.9470, with a volume of 362,413 shares changing hands.

Wall Street Analysts Forecast Growth

TEN has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Wednesday, April 8th. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Tsakos Energy Navigation currently has a consensus rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Stock Down 0.4%

The business has a fifty day moving average of $36.09 and a 200 day moving average of $28.33. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 8.58 and a beta of -0.30. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.95 and a quick ratio of 0.92.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings data on Friday, March 6th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.93. Tsakos Energy Navigation had a return on equity of 17.26% and a net margin of 20.15%.The firm had revenue of $182.96 million for the quarter, compared to the consensus estimate of $162.84 million.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of large investors have recently added to or reduced their stakes in TEN. EverSource Wealth Advisors LLC boosted its position in Tsakos Energy Navigation by 312.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after purchasing an additional 993 shares during the period. Barclays PLC bought a new stake in Tsakos Energy Navigation during the fourth quarter worth approximately $36,000. Smartleaf Asset Management LLC boosted its position in Tsakos Energy Navigation by 186.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company’s stock worth $54,000 after purchasing an additional 1,585 shares during the period. Summit Securities Group LLC bought a new stake in Tsakos Energy Navigation during the fourth quarter worth approximately $56,000. Finally, Raymond James Financial Inc. bought a new stake in Tsakos Energy Navigation during the second quarter worth approximately $58,000. Institutional investors own 19.24% of the company’s stock.

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.