Trade-Ideas LLC identified

Tsakos Energy Navigation

(

TNP

) as a weak 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 104,794 shares today.
  • TNP is trading at 2.39 times the normal volume for the stock at this time of day.
  • TNP is trading at a new low 5.09% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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 5.8%. TNP has a PE ratio of 3. Currently there are 7 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 695,200 shares per day over the past 30 days. Tsakos Energy Navigation has a market cap of $420.1 million and is part of the services sector and transportation industry. The stock has a beta of 1.43 and a short float of 2.2% with 1.23 days to cover. Shares are down 38% year-to-date as of the close of trading on Wednesday.

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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 attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The gross profit margin for TSAKOS ENERGY NAVIGATION LTD is rather high; currently it is at 51.84%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.82% significantly outperformed against the industry average.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. 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.
  • Net operating cash flow has declined marginally to $53.71 million or 3.07% when compared to the same quarter last year. Despite a decrease in cash flow TSAKOS ENERGY NAVIGATION LTD is still fairing well by exceeding its industry average cash flow growth rate of -49.84%.
  • The debt-to-equity ratio of 1.01 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 0.89, which illustrates the inability to avoid short-term cash problems.

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