Tsakos Energy Navigation’s (TEN) Hold Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Tsakos Energy Navigation (NYSE:TEN) in a report published on Thursday,Benzinga reports. The brokerage currently has a $24.00 price target on the stock.

A number of other equities analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Tuesday, October 14th. Zacks Research downgraded Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Tsakos Energy Navigation Stock Performance

Shares of Tsakos Energy Navigation stock opened at $25.05 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. Tsakos Energy Navigation has a one year low of $13.40 and a one year high of $26.69. The firm has a market cap of $754.74 million, a price-to-earnings ratio of 8.95 and a beta of -0.15. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $20.92.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings results on Thursday, November 20th. The company reported $1.05 earnings per share for the quarter. Tsakos Energy Navigation had a return on equity of 12.03% and a net margin of 14.17%. Equities analysts predict that Tsakos Energy Navigation will post 3.44 earnings per share for the current fiscal year.

Tsakos Energy Navigation Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 19th. Stockholders 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 is currently 42.86%.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its holdings in Tsakos Energy Navigation by 9.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock worth $150,000 after acquiring an additional 684 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Tsakos Energy Navigation by 312.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after acquiring an additional 993 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Tsakos Energy Navigation by 1.0% during the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock valued at $1,779,000 after acquiring an additional 1,000 shares during the period. Tidal Investments LLC grew its holdings in Tsakos Energy Navigation by 13.2% in the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock worth $244,000 after purchasing an additional 1,482 shares during the period. Finally, UBS Group AG increased its stake in Tsakos Energy Navigation by 1.8% in the third quarter. UBS Group AG now owns 115,500 shares of the company’s stock valued at $2,566,000 after purchasing an additional 2,089 shares in the last quarter. 19.24% of the stock is owned by institutional investors.

Tsakos Energy Navigation Company Profile

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.