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The Screen · Energy · Oil & Gas Midstream
TENTsakos Energy Navigation Limited
TEN · the NYSE · USD · Market cap $1.3B
Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services in Greece and internationally.
FAIL · Does not pass the screen
44.10 USD
Price as of 5 Nov 2026Daily close, not a live quote
Screened 2026-11-05 · the tape above runs as of 20:03 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price44.10 USD at the 5 Nov 2026 close
Fair valueUnder review: our model's value is 1.59x the price, above our 1.35x limit.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.93, read 2026-11-03
Ethical does not pass the values gate
Price44.10 USD
Fair valueUnder review
Ethical score70.0/100
Our investment reviews on this name
2026-11-01Read Markup53.85-18.1% to today Distribution gives way to Markup first Markup read since October
2026-10-25Read Distribution51.65-14.6% to today ✓Markup gives way to Distribution first Distribution read since August
2026-10-02Read Markup52.09-15.3% to today Accumulation gives way to Markup after a 24% rise in 3 weeks
2026-09-14Read Accumulation42.09+4.8% to today ✓Distribution gives way to Accumulation after a 7% rise in 4 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Tsakos Energy Navigation Limited holds its Distribution at $44.10. Consolidating, no directional conviction, held for 6 days.
As held on the ledger · 2026-11-05
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 6 days
Price at the screen
$44.10
Valuation
4.47 trailing · 3.68 forward price to earnings
Values screen
FAIL· score 70.0
Beta
-0.06
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
45.23%
Below 33%
Interest-bearing debt is 45.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.90%
Below 33%
Cash held in interest-bearing accounts and securities is 0.9% of assets, under the one-third limit.
Pass
Receivables
8.46%
Below 49%
Money owed to the company is 8.5% of assets, under the 49% limit.
Pass
Revenue purity
1.31%
Below 5%
Only 1.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Tsakos Energy Navigation's business is in a permissible area, but its interest-bearing debt is about 45% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today TEN does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Fair value under review. Our model's value is 1.59x the price, above our 1.35x limit. We show no fair value, margin of safety or value read built on it until the review clears.
Where our models see it going: no fair-value estimate yet, range not available, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oil tankers look cheap until the cycle turns
Oil still needs to move across oceans in tankers owned by companies like this one, yet the shares sit 6% above our fair value with no opportunity rating to speak of. Forward earnings sit at 12.8 times while revenue has grown 28% and margins reach 25%, but the cyclical nature of crude shipping means those figures often mark peaks rather than entry points.
We pass because a low multiple in this sector frequently signals fading earnings ahead, not a bargain, even though the ethical screen clears cleanly and return on equity holds at 12%. Two analysts offer a higher median target, yet that does not offset the lack of margin of safety.
Risk sits in sharp swings in oil volumes and charter rates that can erase profits quickly when demand softens. The business carries real exposure to global trade shocks and vessel oversupply that a simple earnings multiple does not capture.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Greece and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
TEN trades on the NYSE (the company is based in Greece). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-01Markup · changed$53.85+4.3%Entry 9
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 4.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 45% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46. Insiders have been net sellers over the past quarter.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 3.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 49% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46. Insiders have been net sellers over the past quarter. Since the last review it its quality tier rose to Gold; its composite score rose.
2026-10-18Markup$53.71+3.1%Entry 7
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 3.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46. Insiders have been net sellers over the past quarter.
2026-10-02Markup · changed$52.09+23.8%Entry 6
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 23.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 7.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46.
The framework has shifted from accumulation to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 1.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46.
2026-07-18Accumulation$38.77+0.0%Entry 3
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (2 analysts) rates it strong buy, with a mean price target of $46.
2026-07-03Accumulation$38.77+0.0%Entry 2
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$38.77Entry 1
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.