Tsakos Energy Navigation (NYSE:TEN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Tsakos Energy Navigation Ltd (NYSE:TEN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.05 and traded as high as $22.76. Tsakos Energy Navigation shares last traded at $22.2440, with a volume of 137,496 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price target on shares of Tsakos Energy Navigation in a report on Thursday, November 20th. Clarkson Capital assumed coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 15th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Stock Up 0.8%

The stock has a market capitalization of $674.88 million, a price-to-earnings ratio of 7.04 and a beta of -0.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.30. The firm’s fifty day simple moving average is $23.90 and its 200 day simple moving average is $22.05.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $158.84 million during the quarter, compared to the consensus estimate of $170.78 million. Tsakos Energy Navigation had a net margin of 15.97% and a return on equity of 13.36%. On average, sell-side analysts forecast that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current year.

Tsakos Energy Navigation Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a dividend yield of 399.0%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 31.45%.

Institutional Investors Weigh In On Tsakos Energy Navigation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Tsakos Energy Navigation during the 1st quarter worth approximately $267,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Tsakos Energy Navigation in the second quarter valued at approximately $384,000. Balyasny Asset Management L.P. lifted its position in shares of Tsakos Energy Navigation by 42.6% in the second 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in Tsakos Energy Navigation during the second quarter worth $672,000. Finally, New York State Common Retirement Fund bought a new position in Tsakos Energy Navigation in the second quarter valued at $761,000. Institutional investors and hedge funds 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.