TNP shares increased 8% today despite down day in energy sector.

Shares of Tsakos Energy Navigation Ltd (TNP) are trading 8% higher at a price of $16.25 at the time of this writing. While it's generally been a gloomy day for this part of the market, the company is rapidly outpacing it's peers in the Energy sector.

The stock is moving upward while the broader market sells off, which is a strong signal. The company declared a dividend in recent weeks and was breaking upwards towards new 52 week highs. Investors seem to sense a bargain in this equity.

Tsakos Energy Navigation Ltd has been trading between a 52-week high of $16.29 and a 52-week low of $6.67. The stock has a market cap of $296 Million.

TEN, founded in 1993, is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 68 double-hull vessels, including one LNG carrier and one suezmax DP2 shuttle tanker under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totalling 7.6 million dwt.