Tsakos Energy Navigation (TEN) Projected to Post Earnings on Thursday

Tsakos Energy Navigation (NYSE:TEN) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $158.71 million for the quarter.

Tsakos Energy Navigation Price Performance

Tsakos Energy Navigation stock opened at $16.70 on Tuesday. The stock has a market capitalization of $492.75 million, a price-to-earnings ratio of 3.05 and a beta of -0.31. Tsakos Energy Navigation has a 52-week low of $15.05 and a 52-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. The stock’s 50 day moving average price is $17.37 and its two-hundred day moving average price is $19.88.

Analysts Set New Price Targets

Several research firms have weighed in on TEN. StockNews.com raised shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Alliance Global Partners assumed coverage on Tsakos Energy Navigation in a research note on Thursday, December 5th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Jefferies Financial Group dropped their price target 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 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.