TEN Should I Buy
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Tsakos Energy Navigation Ltd (TEN) is a good buy for a beginner investor with a long-term investment strategy and $50,000-$100,000 available. The stock demonstrates strong positive catalysts such as surging VLCC charter rates, a conservative financial strategy, and improving profitability metrics. While technical indicators are mixed, the bullish moving averages and analyst buy rating with a $35 price target suggest upside potential. The options data also reflects a bullish sentiment with a low Put-Call ratio.
The stock is trading at $27.64, with bullish moving averages (SMA_5 > SMA_20 > SMA_200). However, the MACD is negatively expanding, and RSI is neutral at 54.173. Key resistance levels are at $27.898 and $28.466, while support levels are at $26.056 and $25.488.
VLCC charter rates have surged to over $100,000 per day, reflecting strong demand amid supply constraints.
The company has implemented a conservative financial strategy to remain competitive.
Analyst Frode Morkedal initiated a Buy rating with a $35 price target.
Hedge funds are selling, with a 192.74% increase in selling activity over the last quarter.
Revenue dropped by 6.96% YoY in Q3 2025, and gross margin decreased by 8.24%.
In Q3 2025, revenue dropped to $186.23M (-6.96% YoY), but net income increased to $31.27M (+57.98% YoY). EPS also rose to $1.05 (+56.72% YoY), indicating improved profitability despite a decline in gross margin to 32.63% (-8.24% YoY).
Clarksons analyst Frode Morkedal initiated coverage with a Buy rating and a $35 price target, indicating a bullish outlook for the stock.
