Tsakos Energy Navigation (TEN) to Release Earnings on Thursday

Tsakos Energy Navigation (NYSE:TEN) is projected to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $158.71 million for the quarter.

Tsakos Energy Navigation Stock Down 0.4 %

TEN opened at $16.64 on Wednesday. The business has a 50 day moving average of $17.29 and a 200-day moving average of $19.84. The stock has a market capitalization of $490.98 million, a price-to-earnings ratio of 3.04 and a beta of -0.31. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tsakos Energy Navigation has a 1-year low of $15.05 and a 1-year high of $30.40.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Alliance Global Partners started coverage on Tsakos Energy Navigation in a research report on Thursday, December 5th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Jefferies Financial Group cut their price target on Tsakos Energy Navigation from $24.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, November 26th.

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.