
TEN Stock Forecast & Price Target
TEN Analyst Ratings
Bulls say
Tsakos Energy Navigation's revenue backlog has increased to approximately $4.0 billion, reflecting effective contract extensions and a solid performance with net revenues of $161 million, exceeding expectations. Additionally, the company's ability to secure higher daily rates for charter extensions of its Aframax vessels demonstrates operational strength and pricing power in the current market. With an anticipated positive tanker market outlook and favorable financing for its newbuildings secured by long-term charters, Tsakos Energy Navigation is positioned for continued financial growth.
Bears say
Tsakos Energy Navigation Ltd reported a utilization rate of 94.8%, which, while higher than expectations, reflects a decline from the previous quarter's 96.6%. Revenue for the quarter was $159 million, falling short of the modeled $162 million, despite reductions in general and administrative expenses and interest costs. The company faces uncertainty in charter rates as fluctuations in oil volumes can have significant impacts, indicating potential volatility in future revenues.
This aggregate rating is based on analysts' research of Tsakos Energy Navigation Ltd and is not a guaranteed prediction by Public.com or investment advice.
TEN Analyst Forecast & Price Prediction
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