
TEN Stock Forecast & Price Target
TEN Analyst Ratings
Bulls say
Tsakos Energy Navigation has increased its revenue backlog to approximately $4.0 billion, reflecting a solid foundation for future revenue generation, particularly as net revenues exceeded expectations at $161 million. The recent two-year contract extensions for its Aframax vessels, which saw an increase in daily rates, further demonstrate the company’s ability to secure favorable charter agreements in a strengthening market. With a positive tanker outlook and expected attractive financing for newbuildings secured on long-term charters, Tsakos is poised to capitalize on upcoming opportunities in the industry.
Bears say
Tsakos Energy Navigation Ltd experienced a decrease in utilization rates from 96.6% to 94.8%, indicating potential challenges in maintaining operational efficiency despite surpassing expectations. Revenue figures did not meet projections, falling to $159 million against a model of $162 million, highlighting the need for improved revenue generation strategies. Furthermore, the company's earnings are susceptible to fluctuations in oil volumes, which could significantly impact charter rates, exacerbating uncertainty surrounding future financial performance.
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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