Key Highlights:
- Tsakos Energy Navigation’s Q1 earnings beat expectations with a significant rise in EPS.
- Analysts project a potential upside of nearly 75% from the current stock price.
- The stock's GF Value suggests it is slightly overvalued currently.
Tsakos Energy Navigation Ltd. (NYSE: TEN) demonstrated remarkable financial performance in Q1, delivering a GAAP earnings per share of $1.04, which exceeded market expectations by $0.53. The company achieved a revenue of $197.05 million, surpassing forecasts by $43.04 million, despite a minor year-over-year decrement of 2.3%. This growth was bolstered by an improvement in fleet utilization, which increased to 97.2%, compared to 91.3% from the previous year.
Wall Street Analysts' Insights
Market analysts have provided one-year price targets for Tsakos Energy Navigation, setting an average target price of $35.00. This estimate ranges from a high of $40.00 to a low of $30.00, forecasting a significant potential upside of 74.78% from the current price of $20.03. For more in-depth forecasts, visit the Tsakos Energy Navigation Ltd (TEN, Financial) Forecast page.
Additionally, brokerage firms have given Tsakos Energy Navigation Ltd an average brokerage recommendation of 1.0, indicating a "Buy" rating. This consensus rating underscores the stock's attractiveness, as it sits on the positive side of the 1 to 5 rating scale, where 1 marks a Strong Buy and 5 signals Sell.
According to GuruFocus estimates, the GF Value for Tsakos Energy Navigation Ltd is projected to be $19.45 in one year, which suggests a possible downside risk of 2.87% from the current price of $20.025. This valuation is derived from historical price multiples and anticipated business performance, offering a comprehensive fair value estimation. Explore more detailed financial metrics on the Tsakos Energy Navigation Ltd (TEN, Financial) Summary page.
