Greece's Tsakos Energy Q2 profit jumps over 500% on higher tanker rates, vessel sales
TEN•Outlook and analyst coverage
- Company says tanker market fundamentals remain strong
- Company expects favorable geopolitical developments to support sustained healthy market
- Company intends to announce first semi-annual dividend payment for 2027 in November 2026
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the oil & gas transportation services peer group is "buy".
Wall Street's median 12-month price target for Tsakos Energy Navigation Ltd is $42.00, about 5.2% below its September 9 closing price of $44.32.
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 5 three months ago.
Higher TCE rates and lower interest costs boosted results
- - Co said average TCE per vessel per day rose 50% yr/yr in Q2, supported by strong tanker market fundamentals and high fleet utilization
