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Wall Street Analysts Predict a 54.15% Upside in Tsakos (TEN): Here's What You Should Know
ZACKS· 2025-06-26 14:56
Shares of Tsakos Energy (TEN) have gained 12.5% over the past four weeks to close the last trading session at $20.11, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $31 indicates a potential upside of 54.2%.The mean estimate comprises three short-term price targets with a standard deviation of $9.54. While the lowest estimate of $21.00 indicates a 4.4% increase from the current ...
Tsakos Energy (TEN) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2025-06-24 14:56
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses stocks based on their future earnings and financial health [4] - Momentum Score tracks price trends to identify optimal buying opportunities [5] - VGM Score combines the three styles to highlight stocks with the best overall potential [6] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to aid in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings outlooks [10] Company Spotlight: Tenneco Inc. (TEN) - Tenneco Inc. is a prominent manufacturer of clean air, powertrain, and ride performance products for various vehicle types [11] - TEN holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating solid performance potential [12] - The stock has shown a 13.4% increase over the past four weeks, with a positive earnings estimate revision for fiscal 2025 [12] - With strong Momentum and VGM Style Scores, TEN is recommended for investors' consideration [13]
TEN Ltd. Holds Its Thirty-Second General Annual Meeting of Shareholders
Globenewswire· 2025-06-18 20:05
ATHENS, Greece, June 18, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Thirty-Second General Annual Meeting of Shareholders was duly held in Athens on June 12, 2025, pursuant to a Notice of Annual Meeting of Shareholders dated April 30, 2025 (“the Notice”). The meeting was conducted with a quorum of its common shares represented either in person or by proxy, and all proposed resolutions were appr ...
Tsakos Energy Navigation Limited(TEN) - 2025 Q1 - Earnings Call Transcript
2025-06-17 15:02
Tsakos Energy Navigation (TEN) Q1 2025 Earnings Call June 17, 2025 10:00 AM ET Company Participants Nicolas Bornozis - Founder, President & CEOEfstratios Arapoglou - ChairmanNikolas Tsakos - Founder, CEO & Executive DirectorGeorge Saroglou - COO, President & Executive DirectorTheoharrys Kosmatos - Co-CFO Conference Call Participants C.K. Poe Fratt - MD - Equity Research & Senior Transportation Analyst Operator Thank you for standing by, ladies and gentlemen, and welcome to SACRO's Energy Navigation conferen ...
Tsakos Energy Navigation Limited(TEN) - 2025 Q1 - Earnings Call Transcript
2025-06-17 15:00
Financial Data and Key Metrics Changes - The company reported gross revenue of $197.1 million for Q1 2025, slightly down from $220.1 million in Q1 2024 [27] - Net income for Q1 2025 was $37.7 million, leading to earnings per share of $1.04, compared to $60.1 million in Q1 2024 [28] - Adjusted EBITDA for Q1 2025 was $99.3 million, almost identical to $100.5 million in the previous year [29] - Total debt was reduced to approximately $1.7 billion, with a debt-to-capital ratio of 40.6% [29] Business Line Data and Key Metrics Changes - The fleet operated 62 vessels in Q1 2025, with 80% of fleet employment towards secure revenue contracts, up from 73% in Q1 2024 [25][26] - The fleet's pure spot exposure decreased from 19% to 18% year-over-year [26] - 29 vessels have been extended or secured new business within the first six months of the year, indicating strong demand [16] Market Data and Key Metrics Changes - The company noted a strong demand for older ships, with some vessels being chartered for up to 15 years [12] - The tanker market remains robust, with energy majors approaching the company for time charter business [18] - Global oil demand continues to grow, positively affecting the tanker market and freight rates [24] Company Strategy and Development Direction - The company is focusing on fleet renewal, having sold 14 older vessels and replaced them with 30 contracted new buildings [23] - There is an ongoing strategy to explore opportunities in underrepresented segments like VLCCs and LNG [14][32] - The company aims to maintain a healthy dividend and reduce debt while growing its business [29][44] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by geopolitical events but emphasized the company's ability to navigate these turbulent waters profitably [10][11] - The underlying market conditions are strong, with a significant demand for vessels despite uncertainties [11][32] - The company believes its stock is undervalued compared to its net asset value, which is estimated to be over $60 [15][46] Other Important Information - The company has a backlog of contracted revenue amounting to approximately $3.7 billion [18] - The fleet is transitioning to greener and dual-fuel vessels, with six LNG-powered tankers in operation [23] - The company has a strong balance sheet with cash reserves and a fair market value of the fleet at $3.6 billion [22] Q&A Session Summary Question: What will the second quarter new build cost be? - The cost for the second quarter is expected to be just under $130 million for one DP2 vessel, with additional payments for new buildings scheduled [37][38] Question: Can you characterize the bid-ask in the S&P market for VLCCs? - The company is looking to build ships against clients and is monitoring the market for good quality Korean or Japanese ships [41][42] Question: Will the company continue to sell older assets? - The company plans to sell at least half a dozen ships by the end of the year, which will enhance cash flow and support dividend payments [43] Question: What is the outlook for the second half dividend? - The company hopes to maintain at least a similar dividend to the first half, with discussions taking place in October [44] Question: How to close the gap between stock price and NAV? - Management believes that demonstrating the company's value through consistent dividends and operational performance is key, rather than focusing solely on NAV [46][56]
Tsakos Energy Navigation Limited(TEN) - 2025 Q1 - Earnings Call Presentation
2025-06-17 14:02
June 17, 2025 Q1 2025 Earnings Presentation TEN, Ltd. Capital Markets Access – Successful Countercyclical Growth $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $92m Fleet from 4 vessels in 1993 (start of Company – Oslo Stock Exchange) to 12 in 1996 1 yr VLCC TC Rates Iraq War Credit Crisis Preferred Shares Common Shares $125m $65m $88m 1993-1996 4 82 $130m + 22 46 $28m $105m $86m $50m $85m $50m _______________________________________________________________ $115m $35m Co ...
TEN, Ltd. Reports Profits for First Quarter 2025 and Declares First Semi-Annual Common Share Dividend of $0.60
Globenewswire· 2025-06-17 13:26
Q1 2025 EBITDA at $103 million and net income of $38 million - equivalent to $1.04 eps Dividends exceed $900 million since Company’s NYSE listing in 2002 TEN awarded by Brazil’s Transpetro/Petrobras to build nine DP2 Shuttle Tankers on long-term employment with revenues of minimum $2 billion Total fleet contracted revenue backlog reaches approx. $3.7 billion Robust 21-vessel eco growth program underwayDr Irene Tsakos & Athens 04 delivered in Q2 ATHENS, Greece, June 17, 2025 (GLOBE NEWSWIRE) -- TEN, Ltd (“T ...
Tenneco's Clevite Elastomers Business Joins Consortium Exploring Use of U.S. Crops in Production of Natural Rubber
GlobeNewswire News Room· 2025-06-16 14:08
NORTHVILLE, Mich., June 16, 2025 (GLOBE NEWSWIRE) -- Tenneco’s Clevite Elastomers business, a leading global supplier of components that help minimize noise, vibration and harshness (NVH) encountered in the operation of passenger vehicles, commercial trucks, buses, and other transportation applications, has joined a research consortium exploring opportunities to establish domestic production of natural rubber using agricultural products. Funded through a grant from the U.S. National Science Foundation (NSF) ...
TEN Ltd. Announces Delivery of “Dr Irene Tsakos”, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea
Globenewswire· 2025-06-12 20:05
TEN’s total future secured revenues are now in the region of $3.7 billion Tanker market fundamentals remain strong ATHENS, Greece, June 12, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced the delivery of the eco-friendly scrubber-fitted suezmax tanker Dr Irene Tsakos and the naming of her sister vessel, Silia T, from HD Hyundai Heavy Industries Co., Ltd. (“Hyundai”) in South Korea. The Silia T is expected t ...
TEN, Ltd. Announces Date for the First Quarter 2025 Results, Conference Call and Webcast
Globenewswire· 2025-05-30 14:00
ATHENS, Greece, May 30, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE:TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that it will report earnings for the first quarter ended March 31, 2025, prior to the open of the market in New York on Tuesday, June 17, 2025. That same day, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as the management’s outlook for the business. The call, which will be hosted by TEN's seni ...