Tsakos Energy Navigation Limited (TEN) - Stock Analysis
Last updated: Mar 9, 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.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High operating margins ⢠Negative free cashflow ⢠Elevated leverage TEN is highly profitable at the operating level but suffers from low asset turnover, heavy capex-driven negative free cash flow and meaningful leverage, which likely explain its depressed valuation.
Price Behavior
Key Price Behavior Insights: ⢠Higher highs/lows ⢠Overbought momentum ⢠Elevated volatility Support Level: midâFebruary consolidation / recent higher lows (price not specified) Resistance Level: March 2 peak (price not specified) Strong uptrend last month with higher highs and higher lows, but RSI ~79 signals overbought conditions and elevated pullback risk while immediate resistance sits at the March 2 peak and support around the midâFebruary consolidation/recent higher lows.
Sentiment & News
Key News Insights: ⢠Revenue boost ⢠Profit surge ⢠High tanker rates TEN Ltd. posted robust FY25 resultsâ$800M revenue, $161M net ($4.45/sh), Q4 net up 200% to $58M and $416M adjusted EBITDAâdriven by historically high tanker rates amid a Strait-of-Hormuzâlinked oil-price spike.
AI Summary
TEN is now a backlogâdriven hybridâits ~$4bn contracted revenue materially reduces pure spot cyclicality, but the investment case hinges on timely, onâbudget newbuild deliveries and disciplined disposals to turn heavy capex into positive FCF. Monitor newbuilding delivery cadence, disposal proceeds and FCF/refinancing metrics as the single decisive gauge: successful execution can reârate the equity, while misses will rapidly amplify leverage and force dividend or equity dilution risks.
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% |