Tsakos Energy Navigation Ltd Down 6.24% To $19.98 After Earnings

Tsakos Energy Navigation Ltd (TNP) missed earnings projections on 11/21/2023 for Q3 2023.





The stock is down 6.24% to $19.98 after the report.

Tsakos Energy Navigation Ltd's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Tsakos Energy Navigation Ltd a Bearish Sentiment Rank from InvestorsObserver.

Tsakos Energy Navigation Ltd has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 88, putting Tsakos Energy Navigation Ltd in the top 25% of stocks. The firm set a 52-week high on March 9, 2023 at $24.78 and set a 52-week low on January 4, 2023 at $15.

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat and voyage charters, contracts of affreightment, and pool arrangements.