Nordic American Tankers Limited (NAT) Stock Is Rising Now

Cornelia Mascio
Febbraio 15, 2018

Nordic American Tankers Limited (NYSE:NAT)'s earnings per share has been growing at a 49.9 percent rate over the past 5 year when average revenue increase was noted as 30.4 percent.

"NAT reported 4Q17 results which were ahead of our estimates, but below the consensus forecasts, and remained depressed". The company was downgraded on Tuesday, May 10 by Jefferies.

Having a look in a broader way analysts from brokerage firms on the street with an extensive view have high price target of Nordic American Tanker Shipping Ltd (NYSE:NAT) at $11 and with a conformist view have low price target of $1.5 while the stock's latest closing price was $2.14. Morgan Stanley cut their target price on Nordic American Tanker from $5.00 to $2.50 and set an equal weight rating on the stock in a research report on Monday.'s article titled: "Nordic American Tankers Limited (NYSE:NAT) - Financial Calendar & Dividend ..." and published on January 26, 2018 is yet another important article. Jefferies Group upgraded shares of Nordic American Tanker from an "underperform" rating to a "hold" rating and set a $3.00 price objective for the company in a report on Thursday, December 14th. The firm now has a hold rating on the shipping company's stock. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. They now have a $5.00 price target on the stock, up previously from $6.00. The firm earned "Sell" rating on Monday, April 3 by Jefferies. The company shares sank -7.06% from their peak of $81.46 and now has a $48 billion market value of equity. Nordic American Tanker Shipping had 27 analyst reports since August 12, 2015 according to SRatingsIntel.

Shares of Nordic American Tanker (NYSE:NAT) opened at $2.19 on Monday. The shipping company reported ($0.20) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.17) by ($0.03).

Nordic American Tanker Shipping Ltd (NYSE:NAT) 52-week high price stands at $8.60 and low price stands at $1.82, its price distance from 52-week high is -75.01% while its distance from 52-week low price is 18.13%. Investors of record on Wednesday, February 21st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 5.58%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The stock of Nordic American Tankers Limited (NYSE:NAT) has "Sell" rating given on Monday, October 23 by Maxim Group. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nordic American Tanker during the second quarter worth $479,000.

On 7/21/2017 Nordic American Tanker announced a Quarterly dividend of $0.15 7.27% with an ex dividend date of 8/10/2017 which will be payable on 8/31/2017. Schwab Charles Investment Management Inc. grew its holdings in Nordic American Tanker by 46.7% during the 2nd quarter. The company lost $0.14 per share in Q4, on sales of $3 billion. The stock of Nordic American Tankers Limited (NYSE:NAT) has "Buy" rating given on Wednesday, August 12 by Euro Pacific Capital. If you are reading this report on another website, it was illegally copied and reposted in violation of United States & global trademark and copyright laws.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The stock has a market cap of $279.68, a PE ratio of -3.98 and a beta of 0.81.

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