Alert: Negative Investment/Fundamental Signals (10/9/24)-Tsakos Energy Navigation Ltd (NYSE: TEN)

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Recent meaningful negative changes in fundamentals have impacted Tsakos Energy Navigation Ltd (NYSE: TEN): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.

Tsakos Energy Navigation Ltd (NYSE: TEN) suffers from notable negative changes in investment behavior. Negative developments: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume. Positive development: its shorter term price trend turned up.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

TNP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

Tsakos Energy Navigation has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tsakos Energy Navigation has a very high Appreciation Score of 92 but a neutral Power Rating of 49, producing the Positive Value Trend Rating.

Recent Price Action

Tsakos Energy Navigation Ltd (NYSE: TEN) stock declined by -3.7% on 10/9/24. The shares closed at $25.13. Moreover, exceptionally high trading volume at 208% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 0.5% during the last week.

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