Tsakos Energy Navigation Ltd (NYSE:TEN – Get Free Report) COO Georgios Saroglou sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.20, for a total transaction of $266,000.00. Following the completion of the sale, the chief operating officer owned 37,000 shares of the company’s stock, valued at $1,968,400. This trade represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Tsakos Energy Navigation Stock Performance
Tsakos Energy Navigation stock traded down $2.65 during midday trading on Wednesday, reaching $53.76. 523,484 shares of the company’s stock were exchanged, compared to its average volume of 385,457. Tsakos Energy Navigation Ltd has a 52 week low of $21.31 and a 52 week high of $56.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.40. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 5.45 and a beta of -0.10. The stock’s 50-day simple moving average is $45.54 and its 200 day simple moving average is $41.58.
Tsakos Energy Navigation (NYSE:TEN – Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.21. Tsakos Energy Navigation had a return on equity of 29.44% and a net margin of 33.81%. The firm had revenue of $246.28 million for the quarter, compared to analyst estimates of $238.87 million.
Hedge Funds Weigh In On Tsakos Energy Navigation
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Friday, October 2nd. Wall Street Zen raised Tsakos Energy Navigation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.50.
Check Out Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Company Profile
Tsakos Energy Navigation Ltd. is an international marine transportation company focused primarily on the ownership and operation of crude oil and refined petroleum product tankers. Its fleet has historically included a range of vessels serving the global energy industry, including Aframax, Suezmax and other tanker classes, as well as specialized vessels such as shuttle tankers.
The company transports crude oil, petroleum products and other energy-related cargoes for major oil companies, refiners, trading firms and government-affiliated organizations.
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