Tsakos Energy is trading at 25.98 as of the 12th of December 2024, a 0.04 percent increase since the beginning of the trading day. The preferred stock's lowest day price was 25.97. Tsakos Energy has hardly any chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. The performance scores are derived for the period starting the 18th of December 2023 and ending today, the 12th of December 2024. Click here to learn more.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tsakos Energy preferred stock to make a market-neutral strategy. Peer analysis of Tsakos Energy could also be used in its relative valuation, which is a method of valuing Tsakos Energy by comparing valuation metrics with similar companies.