The price of TEN is predicted to go up -7.08%, based on the high correlation periods with QGEN. The similarity of these two price pattern on the periods is 94.64%.
TEN
QGEN
Down: -7.08%Similarity: 94.64%
TEN Revenue Forecast
TEN EPS Forecast
TEN FAQs
What is bull’s view on TEN?
TEN stock has a bullish outlook with a price target of $40, representing a 118.7% upside as per Alliance Global Partners' "Strong Buy" rating. This optimism stems from the company's robust dividend growth (50% increase to $0.90/share) and strong fleet performance, with $1.8 billion in forward contracted revenue. Despite recent market headwinds, TEN's undervaluation and high liquidity make it a compelling investment opportunity.
What is bear's view on TEN?
TEN stock faces bearish sentiment due to declining tanker market conditions and reduced spot market rates. Analysts have lowered price targets, with Jefferies revising it to $22, citing weak Q4 estimates and concerns for 2025. The stock currently trades at a significant discount to its $40 high target but lacks near-term catalysts for recovery.
What is TEN revenue forecast for next quarter?
The market consensus for TEN's revenue in the upcoming quarter is projected to be approximately $161.56M USD.
What is TEN eps forecast for next quarter?
The market consensus for TEN's eps in the upcoming quarter is projected to be approximately $0.92 USD.
Jefferies lowered the firm's price target on TEN, Ltd. to $24 from $27 and keeps a Hold rating on the shares. Tanker stocks gave up their 2024 gains weeks ago and are now down 5% on the year, notes the analyst, who argues that a "lackluster spot market remains the key element driving sentiment lower." Q3 estimate revisions have been followed by Q4 estimate revisions, which is "now leading to nervousness on 2025," the analyst added in a note on the group in which the firm lowered price targets nearly across the board.