Somewhat Favorable News Coverage Somewhat Unlikely to Impact Nordic American Tankers Limited (NAT) Stock Price

Headlines about Nordic American Tankers Limited (NYSE:NAT) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordic American Tankers Limited earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 45.150563131133 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Nordic American Tankers Limited (NAT) traded down 0.56% during midday trading on Thursday, hitting $5.28. The stock had a trading volume of 333,595 shares. The stock has a 50-day moving average of $5.20 and a 200 day moving average of $6.27. Nordic American Tankers Limited has a 52 week low of $4.41 and a 52 week high of $9.96. The stock’s market cap is $538.40 million.

Nordic American Tankers Limited (NYSE:NAT) last released its earnings results on Monday, August 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). The business had revenue of $39.10 million during the quarter, compared to analysts’ expectations of $42.47 million. Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. The firm’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Analysts anticipate that Nordic American Tankers Limited will post ($0.40) EPS for the current fiscal year.

A number of research firms have weighed in on NAT. Maxim Group set a $4.00 target price on Nordic American Tankers Limited and gave the stock a “sell” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Nordic American Tankers Limited from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 5th. TheStreet downgraded Nordic American Tankers Limited from a “c-” rating to a “d+” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “sell” rating and issued a $5.00 target price on shares of Nordic American Tankers Limited in a research report on Monday, July 17th. Finally, BidaskClub downgraded Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.42.

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About Nordic American Tankers Limited

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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