Tsakos Energy Navigation Ltd (TEN, Financial) experienced a significant stock price drop of 5.04%. The stock is trading at $22.78 per share, with a trading volume of 378,069 shares, a turnover rate of 1.28%, and a price fluctuation of 4.25%.
Recent financial results show Tsakos Energy Navigation achieved a revenue of $214 million, a net profit of $76.39 million, and earnings per share of $2.36. The company's gross profit was $78.26 million, with a price-to-earnings (P/E) ratio of 4.04. Among the two institutions rating the stock, 50% recommend buying and 50% suggest holding, with no sell recommendations.
The oil and gas midstream sector, where Tsakos Energy Navigation operates, saw an overall decline of 0.40%. In contrast, related stocks such as Global Partners, Targa Resources, Inc., and Cheniere Energy Partners, Lp showed significant gains. Other active stocks in the sector include Scorpio Tankers Inc., Torm Plc, and International Seaways, Inc., with turnover rates of 2.18%, 1.76%, and 1.52%, respectively. Notable volatility was observed in stocks like Cbl International Limited, Brooge Energy Limited, and 帝凯油轮 (Teekay Tankers), with fluctuations of 7.93%, 4.86%, and 4.83% respectively.
The company, Tsakos Energy Navigation Ltd, is a provider of marine transportation services for crude oil and petroleum products. It serves domestic and international independent oil companies and refineries, earning revenue through time charters, bareboat charters, voyage charters, contracts of affreightment, and pooling arrangements with customers.
