Tsakos Energy Navigation (NYSE:TEN) Posts Earnings Results

Tsakos Energy Navigation (NYSE:TEN) released its earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. Tsakos Energy Navigation had a return on equity of 19.07% and a net margin of 22.57%.

Tsakos Energy Navigation Trading Up 2.6 %

Shares of NYSE TEN traded up $0.43 during trading on Thursday, hitting $17.09. 298,337 shares of the company were exchanged, compared to its average volume of 285,494. The company has a fifty day moving average price of $17.22 and a 200-day moving average price of $19.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market capitalization of $504.26 million, a PE ratio of 3.12 and a beta of -0.31. Tsakos Energy Navigation has a 12-month low of $15.05 and a 12-month high of $30.40.

Analyst Ratings Changes

A number of research firms have recently issued reports on TEN. StockNews.com raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Alliance Global Partners began coverage on shares of Tsakos Energy Navigation in a research note on Thursday, December 5th. They set a “buy” rating and a $40.00 price objective for the company.

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.