Tsakos Energy Navigation Limited (NYSE:TNP – Get Free Report)’s share price crossed 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 Analyst Weigh In
A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Jefferies Financial Group restated a “buy” rating and set a $30.00 price objective on shares of Tsakos Energy Navigation in a research report on Wednesday, March 27th.
Read Our Latest Research Report on Tsakos Energy Navigation
Tsakos Energy Navigation Trading Down 1.1 %
Tsakos Energy Navigation (NYSE:TNP – Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The shipping company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.03). Tsakos Energy Navigation had a return on equity of 29.41% and a net margin of 33.74%. The business had revenue of $183.57 million during the quarter, compared to the consensus estimate of $185.35 million. On average, sell-side analysts predict that Tsakos Energy Navigation Limited will post 9.27 earnings per share for the current year.
Institutional Trading of Tsakos Energy Navigation
Several institutional investors and hedge funds have recently modified their holdings of TNP. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tsakos Energy Navigation by 17.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 203,398 shares of the shipping company’s stock valued at $4,227,000 after purchasing an additional 30,091 shares during the period. Wrapmanager Inc. bought a new stake in Tsakos Energy Navigation in the 3rd quarter valued at $201,000. Jump Financial LLC increased its holdings in Tsakos Energy Navigation by 17.9% in the 3rd quarter. Jump Financial LLC now owns 44,496 shares of the shipping company’s stock valued at $925,000 after acquiring an additional 6,758 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Tsakos Energy Navigation by 135.4% in the 3rd quarter. Moors & Cabot Inc. now owns 58,510 shares of the shipping company’s stock valued at $1,216,000 after acquiring an additional 33,650 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Tsakos Energy Navigation in the 3rd quarter valued at $1,120,000. 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.
Further Reading
- Five stocks we like better than Tsakos Energy Navigation
- What Are Dividend Challengers?
- Appleās Earnings Show Investors Its Strength and Its Weakness
- What does consumer price index measure?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- Are Penny Stocks a Good Fit for Your Portfolio?
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for Tsakos Energy Navigation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation and related companies with MarketBeat.com's FREE daily email newsletter.