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Trade-Ideas LLC identified

Tsakos Energy Navigation

(

TNP

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tsakos Energy Navigation as such a stock due to the following factors:

  • TNP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.6 million.
  • TNP has traded 94,975 shares today.
  • TNP is trading at 2.38 times the normal volume for the stock at this time of day.
  • TNP is trading at a new high 5.15% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on TNP:

Tsakos Energy Navigation Limited provides international seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters. The stock currently has a dividend yield of 4%. TNP has a PE ratio of 5. Currently there are 6 analysts that rate Tsakos Energy Navigation a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Tsakos Energy Navigation has been 643,500 shares per day over the past 30 days. Tsakos Energy Navigation has a market cap of $565.1 million and is part of the services sector and transportation industry. The stock has a beta of 1.65 and a short float of 0.8% with 0.67 days to cover. Shares are down 19.1% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tsakos Energy Navigation as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 34.6%. Since the same quarter one year prior, revenues rose by 17.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • TSAKOS ENERGY NAVIGATION LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, TSAKOS ENERGY NAVIGATION LTD turned its bottom line around by earning $0.35 versus -$0.72 in the prior year. This year, the market expects an improvement in earnings ($1.64 versus $0.35).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, TSAKOS ENERGY NAVIGATION LTD's return on equity has significantly outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • TNP has underperformed the S&P 500 Index, declining 12.58% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The debt-to-equity ratio of 1.00 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with the unfavorable debt-to-equity ratio, TNP maintains a poor quick ratio of 0.85, which illustrates the inability to avoid short-term cash problems.

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