Nordic American Tanker Now Covered by Analysts at EuroPacific Canada (NAT)
Stock analysts at EuroPacific Canada began coverage on shares of Nordic American Tanker (NYSE:NAT) in a report issued on Thursday. The firm set a “neutral” rating and a $8.00 price target on the stock. EuroPacific Canada’s price target suggests a potential downside of 4.88% from the stock’s previous close.
A number of other firms have also recently commented on NAT. Analysts at Eurobank EFG initiated coverage on shares of Nordic American Tanker in a research note on Thursday. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Nordic American Tanker from an “underperform” rating to a “hold” rating in a research note on Monday, April 21st. They now have a $8.00 price target on the stock, up previously from $7.50. Finally, analysts at Evercore Partners cut their price target on shares of Nordic American Tanker from $9.00 to $8.50 in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.30.
Nordic American Tanker (NYSE:NAT) traded down 0.12% on Thursday, hitting $8.41. 746,771 shares of the company’s stock traded hands. Nordic American Tanker has a one year low of $7.00 and a one year high of $12.61. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $9.37. The company’s market cap is $634.0 million.
Nordic American Tanker (NYSE:NAT) last announced its earnings results on Monday, May 12th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.11. The company had revenue of $45.02 million for the quarter, compared to the consensus estimate of $45.13 million. On average, analysts predict that Nordic American Tanker will post $-0.12 earnings per share for the current fiscal year.
Nordic American Tankers Limited is an international tanker company. As of December 31, 2011, the Company owned 20 Suezmax tankers.
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