Tsakos Energy Navigation Limited (TEN) - Stock Analysis
Last updated: Apr 5, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Strong 21-day advance (~14%), visible multi-year contracted tanker backlog, an imminent FY2025 results/webcast (2026-03-06) and active dividends create a conditional short-term hot setup for event/momentum traders, with risk tied to heavy capex and leverage.
Loading chart data...
AI Analyst Overview
Loading chart data...
Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High margins ⢠Negative FCF ⢠Substantial debt TEN is profitable with very high margins and deep value multiples but carries material solvency and cash-flow risks from heavy capex, large noncurrent debt, thin liquidity and negative free cash flow.
Price Behavior
Key Price Behavior Insights: ⢠Steep rally ⢠Limited support ⢠Elevated volatility Support Level: $38 (near-term) and $34 (stronger) Resistance Level: $40.19 (short-term high) TEN has broken above its recent consolidation and traded up sharply last month to a short-term high near $40.19, showing strong buyer conviction but limited near-term downside support and elevated pullback risk.
Sentiment & News
Key News Insights: ⢠Record tanker rates ⢠Strait of Hormuz ⢠Callable preferreds TEN delivered strong FY25 resultsâ$800M revenue, $161M net and $416M adj. EBITDAâfuelled by record tanker rates, while managing Strait of Hormuz disruptions and a potentially callable preferreds overhang.
AI Summary
TEN has shifted from a pure cyclical tanker bet to a hybrid owner-operator: ~89% secured revenue and a ~ $4bn backlog plus an aggressive eco/newbuilding and recycling program materially reduce downside versus spot-only exposure while preserving upside to tanker-rate rallies. Key action: monitor realization of ~ $250m in secondhand sales and a positive FCF inflection within 12â24 months (or hold above ~$38 support; failure below ~$34 would signal re-rating risk), because missed recycling or refinancing at higher spreads would sharply compress valuation and liquidity.
Description
Tsakos Energy Navigation Limited provides worldwide seaborne transportation of crude oil and petroleum products under long-, medium- and short-term charters for national, major and independent oil companies and refineries. Incorporated in 1993 and based in Athens (renamed from MIF Limited in 2001), the company operates a double-hull fleet of tankers and specialized carriers, including vessels configured for LNG and shuttle duties.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Feb 18 | Feb 25 | TEN | Tsakos Energy Navigation Limited | Strong 21-day advance (~14%), visible multi-year contracted tanker backlog, an imminent FY2025 results/webcast (2026-03-06) and active dividends create a conditional short-term hot setup for event/momentum traders, with risk tied to heavy capex and leverage. | Closed | +11.4% |