TEN Similar Chart Price Prediction
The price of TEN is predicted to go up 6.9%, based on the high correlation periods with DVN. The similarity of these two price pattern on the periods is 97.69%.
TEN
DVN
Up: 6.9%Similarity: 97.69%
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TEN Analyst's Forecast
Omar Nokta
Jefferies
Hold
2024-11-14
Price Target
$27 → $24
Upside
+14.23%
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.
