Tsakos Energy Navigation (NYSE:TEN) Given “Hold” Rating at Jefferies Financial Group

Tsakos Energy Navigation (NYSE:TEN)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Wednesday,Benzinga reports. They presently have a $22.00 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 0.46% from the company’s current price.

A number of other brokerages also recently issued reports on TEN. Zacks Research downgraded shares of Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Tsakos Energy Navigation Stock Up 1.8%

Shares of NYSE TEN opened at $21.90 on Wednesday. The company has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $18.43. The company has a market capitalization of $659.85 million, a P/E ratio of 7.82 and a beta of -0.07. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.11 and a quick ratio of 1.06. Tsakos Energy Navigation has a 1 year low of $13.40 and a 1 year high of $26.90.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. The business had revenue of $161.39 million during the quarter, compared to the consensus estimate of $163.62 million. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 18.25%. On average, equities research analysts predict that Tsakos Energy Navigation will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On Tsakos Energy Navigation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in shares of Tsakos Energy Navigation during the 1st quarter worth $267,000. Moors & Cabot Inc. lifted its position in shares of Tsakos Energy Navigation by 1.0% during the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock worth $1,779,000 after purchasing an additional 1,000 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Tsakos Energy Navigation during the 2nd quarter worth $761,000. JPMorgan Chase & Co. purchased a new stake in shares of Tsakos Energy Navigation during the 2nd quarter worth $672,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Tsakos Energy Navigation by 42.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 33,606 shares of the company’s stock worth $645,000 after purchasing an additional 10,038 shares during the last quarter. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Company Profile

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.