Tsakos Energy Navigation (NYSE:TNP) Stock Price Crosses Above 200 Day Moving Average of $23.37

Tsakos Energy Navigation Limited (NYSE:TNP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.37 and traded as high as $26.50. Tsakos Energy Navigation shares last traded at $26.23, with a volume of 258,551 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TNP shares. Jefferies Financial Group reissued a “buy” rating and set a $30.00 target price on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th. StockNews.com raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 13th.

Tsakos Energy Navigation Stock Down 1.1 %

The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $774.05 million, a price-to-earnings ratio of 2.91 and a beta of -0.14. The firm has a 50 day moving average of $25.04 and a two-hundred day moving average of $23.40.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Wednesday, March 27th. The shipping company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.03). The company had revenue of $183.57 million for the quarter, compared to the consensus estimate of $185.35 million. Tsakos Energy Navigation had a net margin of 33.74% and a return on equity of 29.41%. As a group, sell-side analysts anticipate that Tsakos Energy Navigation Limited will post 9.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Tsakos Energy Navigation

Large investors have recently bought and sold shares of the company. Foundation Resource Management Inc. raised its stake in shares of Tsakos Energy Navigation by 0.6% during the first quarter. Foundation Resource Management Inc. now owns 369,134 shares of the shipping company’s stock valued at $9,372,000 after acquiring an additional 2,032 shares during the last quarter. Dfpg Investments LLC lifted its holdings in Tsakos Energy Navigation by 13.7% during the 4th quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock worth $596,000 after buying an additional 3,064 shares during the period. Jump Financial LLC grew its position in shares of Tsakos Energy Navigation by 8.0% in the 4th quarter. Jump Financial LLC now owns 48,035 shares of the shipping company’s stock valued at $1,067,000 after buying an additional 3,539 shares during the last quarter. Navellier & Associates Inc. increased its stake in shares of Tsakos Energy Navigation by 15.9% in the third quarter. Navellier & Associates Inc. now owns 31,193 shares of the shipping company’s stock valued at $648,000 after buying an additional 4,280 shares during the period. Finally, Claro Advisors LLC bought a new position in shares of Tsakos Energy Navigation during the first quarter worth about $214,000. 19.24% of the stock is currently owned by institutional investors.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.