
TEN Stock Forecast & Price Target
TEN Analyst Ratings
Bulls say
Tsakos Energy Navigation reported net revenues of $161 million, exceeding expectations of $156 million, indicating a strong financial performance. The company has successfully extended two Aframax vessels’ charter agreements at an increased daily rate of $26,000, reflecting positive market conditions and operational strength. Additionally, there is an anticipated attractive financing for $1.45 billion related to shuttle tanker newbuildings secured on long-term charters, enhancing future revenue stability.
Bears say
Tsakos Energy Navigation Ltd faces a challenging outlook primarily due to the volatility in oil volumes affecting charter rates, which can materially influence the company's revenue generation. Additionally, the fluctuating dynamics in the LNG market, determined by changes in LNG prices, create further uncertainty, impacting the overall demand for seaborne transportation services. Lastly, the association of higher interest rates with declining ship values poses a risk to the company's asset valuation and financial stability.
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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