Tsakos Energy Navigation (NYSE:TEN) Releases Quarterly Earnings Results

Tsakos Energy Navigation (NYSE:TEN) posted its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. The company had revenue of $154.59 million during the quarter, compared to analysts’ expectations of $158.71 million. Tsakos Energy Navigation had a net margin of 22.57% and a return on equity of 19.07%.

Tsakos Energy Navigation Stock Up 1.6 %

TEN opened at $17.17 on Friday. The stock has a fifty day moving average of $17.15 and a 200-day moving average of $19.75. The company has a market capitalization of $506.47 million, a P/E ratio of 3.13 and a beta of -0.31. Tsakos Energy Navigation has a fifty-two week low of $15.05 and a fifty-two week high of $30.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.32.

Analysts Set New Price Targets

Separately, Alliance Global Partners assumed coverage on shares of Tsakos Energy Navigation in a report on Thursday, December 5th. They issued a “buy” rating and a $40.00 price target on the stock.

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.