Tsakos Energy Navigation (NYSE:TEN) Announces Earnings Results

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

Tsakos Energy Navigation Trading Up 1.4 %

NYSE TEN opened at $16.89 on Friday. Tsakos Energy Navigation has a 12-month low of $15.05 and a 12-month high of $30.40. The stock has a market cap of $498.27 million, a P/E ratio of 3.08 and a beta of -0.31. 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 company has a fifty day simple moving average of $17.18 and a two-hundred day simple moving average of $19.79.

Wall Street Analyst Weigh In

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

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.