
TEN Stock Forecast & Price Target
TEN Analyst Ratings
Bulls say
Tsakos Energy Navigation Ltd. has recently extended its revenue backlog to approximately $4.0 billion, reflecting strong demand and strategic contract renewals. The company achieved net revenues of $161 million, surpassing expectations and indicating solid operational performance. Furthermore, with significant long-term charters for new shuttle tanker buildouts and a favorable tanker market outlook, Tsakos is well-positioned for sustained financial growth and profitability.
Bears say
Tsakos Energy Navigation Ltd reported a utilization rate of 94.8%, which, although surpassing the expected 90%, reflects a decline from the previous quarter's 96.6%. The company's revenues fell short at $159 million compared to the modeled $162 million, despite a decrease in general and administrative expenses and interest costs. Additionally, fluctuations in oil volumes can significantly impact charter rates, indicating an unpredictable revenue stream in a volatile market.
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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