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

Tsakos Energy Navigation (NYSE:TEN) issued its quarterly earnings results on Thursday. The company reported $0.42 earnings per share 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 the consensus estimate 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 %

Shares of NYSE TEN opened at $17.17 on Friday. The company has a market cap of $506.47 million, a price-to-earnings ratio of 3.13 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. Tsakos Energy Navigation has a 12 month low of $15.05 and a 12 month high of $30.40. The stock has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $19.75.

Analyst Ratings Changes

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

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.