Brokerages Set Nordic American Tanker Ltd (NAT) Target Price at $3.36

Shares of Nordic American Tanker Ltd (NYSE:NAT) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.36.

Several analysts recently commented on NAT shares. ValuEngine downgraded shares of Nordic American Tanker from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Jefferies Group upgraded shares of Nordic American Tanker from an “underperform” rating to a “hold” rating and set a $3.00 price target for the company in a research report on Thursday, December 14th. Seaport Global Securities set a $3.00 price target on shares of Nordic American Tanker and gave the company a “hold” rating in a research report on Friday, January 5th. Zacks Investment Research downgraded shares of Nordic American Tanker from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Maxim Group reduced their price target on shares of Nordic American Tanker from $3.00 to $2.00 and set a “sell” rating for the company in a research report on Thursday, December 14th.

How to Become a New Pot Stock Millionaire

Shares of NYSE:NAT traded down $0.01 during trading on Thursday, hitting $1.87. 612,795 shares of the company were exchanged, compared to its average volume of 1,474,361. Nordic American Tanker has a 12-month low of $1.82 and a 12-month high of $8.68. The company has a market capitalization of $265.48, a PE ratio of -2.63 and a beta of 0.71. The company has a current ratio of 5.01, a quick ratio of 4.10 and a debt-to-equity ratio of 0.46.

Nordic American Tanker (NYSE:NAT) last released its quarterly earnings results on Monday, February 12th. The shipping company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.03). Nordic American Tanker had a negative net margin of 48.82% and a negative return on equity of 9.01%. The business had revenue of $36.72 million during the quarter, compared to analysts’ expectations of $45.46 million. equities research analysts predict that Nordic American Tanker will post -0.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.12 dividend on an annualized basis and a yield of 6.42%. Nordic American Tanker’s payout ratio is currently -16.90%.

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in Nordic American Tanker during the 3rd quarter worth $158,000. Wilbanks Smith & Thomas Asset Management LLC raised its position in Nordic American Tanker by 157.2% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 67,464 shares of the shipping company’s stock worth $166,000 after buying an additional 41,232 shares during the last quarter. Jane Street Group LLC raised its position in Nordic American Tanker by 433.5% during the 4th quarter. Jane Street Group LLC now owns 83,563 shares of the shipping company’s stock worth $206,000 after buying an additional 67,899 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Nordic American Tanker during the 3rd quarter worth $241,000. Finally, Millennium Management LLC raised its position in Nordic American Tanker by 257.3% during the 4th quarter. Millennium Management LLC now owns 99,981 shares of the shipping company’s stock worth $246,000 after buying an additional 72,002 shares during the last quarter. Institutional investors own 28.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3341261/brokerages-set-nordic-american-tanker-ltd-nat-target-price-at-3-36.html.

Nordic American Tanker Company Profile

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.

Analyst Recommendations for Nordic American Tanker (NYSE:NAT)

Receive News & Ratings for Nordic American Tanker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tanker and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

GeoCoin  One Day Trading Volume Hits $58,125.00
GeoCoin One Day Trading Volume Hits $58,125.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Financial Review: Rush Enterprises  & Its Rivals
Financial Review: Rush Enterprises & Its Rivals
$709.63 Million in Sales Expected for STERIS  This Quarter
$709.63 Million in Sales Expected for STERIS This Quarter
$919.88 Million in Sales Expected for Old Dominion Freight Line  This Quarter
$919.88 Million in Sales Expected for Old Dominion Freight Line This Quarter
Meridian Bancorp  Receives Consensus Recommendation of “Buy” from Analysts
Meridian Bancorp Receives Consensus Recommendation of “Buy” from Analysts


Leave a Reply

© 2006-2018 Ticker Report. Google+.