Tsakos Energy Navigation Ltd (NYSE:TEN - Get Free Report)'s stock price fell 2.1% during trading on Tuesday . The company traded as low as $15.05 and last traded at $15.38. 311,449 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 271,503 shares. The stock had previously closed at $15.70.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Tsakos Energy Navigation from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Alliance Global Partners assumed coverage on Tsakos Energy Navigation in a research note on Thursday, December 5th. They set a "buy" rating and a $40.00 price target on the stock. Finally, Jefferies Financial Group reduced their price objective on Tsakos Energy Navigation from $24.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, November 26th.
Get Our Latest Stock Analysis on TEN
Tsakos Energy Navigation Price Performance
The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.28. The business's fifty day moving average price is $17.62 and its 200-day moving average price is $20.44. The stock has a market capitalization of $453.65 million, a price-to-earnings ratio of 2.81 and a beta of -0.31.
About Tsakos Energy Navigation
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tsakos Energy Navigation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tsakos Energy Navigation wasn't on the list.
While Tsakos Energy Navigation currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
