# Tsakos Energy Navigation Limited (TEN)

> Source: Nexqual · https://nexqual.com/TEN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Tsakos Energy Navigation Limited (TEN), nexqual.com/TEN" · informational, not investment advice.

**Price:** USD 51.65 (-1.39% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 52.38 · day 50.69–52.66 · 52w 21.65–56.73 · market cap $1.56B · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $1.1M; 4 not under a Rule 10b5-1 plan ($1.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $998K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 62.5 (range 55–70).
- Total return with dividends: 1Y +121.1% vs S&P 500 +14.9%; 5Y +582.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-19, EPS estimate USD 2.72, revenue estimate $234M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Saroglou Georgios | President and COO | 5,000 | $266K | 11.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-18 | Kosmatos Theoharrys Evgenios | CFO and CAO | 10,000 | $530K | 40.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Hatzimichalis Clio | Director | 5,000 | $205K | 50% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-14 | Tommasino Nicholas Francis | Director | 2,490 | $100K | 46.4% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $998K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-04-28…2026-04-29 | Tsakos Nikolaos | Chief Executive Officer | 25,000 | $998K | 39.93 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 62.5 (low 55, high 70).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +121.1% | +582.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +121.7% | +46.7% |
| Volatility (annualized) | 37.3% | 46.0% |
| Max drawdown | -20.5% (May 2026→Jun 2026) | -52.4% (May 2024→Mar 2025) |

## Peers (Oil & Gas Midstream)
PBT (Permian Basin Royalty Trust) USD 33.27 -1.04% · NAT (Nordic American Tankers Limited) USD 7.54 -0.53% · FLNG (FLEX LNG Ltd.) USD 27.94 +0.04% · GLP (Global Partners LP) USD 48.53 -0.80% · GEL (Genesis Energy, L.P.) USD 13.9 -0.93% · NVGS (Navigator Holdings Ltd.) USD 21.17 -0.94%

## More
Full page: https://nexqual.com/TEN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.72 | $1.90 | +43.2% | $233.9M | 1 |
| Next quarter (ends 2026-12-31) | $2.16 | $1.38 | +56.5% | $219.6M | 1 |
| Current fiscal year (ends 2026-12-31) | $12.52 | $4.60 | +172.2% | $922.9M | 2 |
| Next fiscal year (ends 2027-12-31) | $11.99 | $2.94 | +308.5% | $874.2M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-19): ±12.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 54.7% | ±12.3% |
| 2026-12-18 | 56 | 49.5% | ±15.4% |
| 2027-01-15 | 84 | 47.0% | ±17.8% |
| 2027-03-19 | 147 | 48.8% | ±24.1% |
| 2027-05-21 | 210 | 45.8% | ±26.7% |
| 2027-06-17 | 237 | 45.5% | ±28.2% |
| 2027-09-17 | 329 | 46.0% | ±33.2% |