Tsakos Energy Navigation (NYSE:TEN) Shares Down 2.1% – Here’s What Happened

Tsakos Energy Navigation Ltd (NYSE:TEN) shares were down 2.1% during mid-day trading on Tuesday . The company traded as low as $15.05 and last traded at $15.38. Approximately 311,449 shares traded hands during trading, an increase of 15% from the average daily volume of 271,503 shares. The stock had previously closed at $15.70.

Analyst Ratings Changes

Several brokerages have recently commented on TEN. Alliance Global Partners started coverage on shares of Tsakos Energy Navigation in a report on Thursday, December 5th. They issued a “buy” rating and a $40.00 target price for the company. StockNews.com upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group cut their target price on Tsakos Energy Navigation from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, November 26th.

Tsakos Energy Navigation Trading Down 2.1 %

The firm has a 50-day moving average price of $17.62 and a 200-day moving average price of $20.44. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $453.65 million, a PE ratio of 2.81 and a beta of -0.31.

About Tsakos Energy Navigation

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.