Nordic American Tanker Given Average Rating of “Hold” by Brokerages (NYSE:NAT)
Shares of Nordic American Tanker (NYSE:NAT) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.30.
Shares of Nordic American Tanker (NYSE:NAT) traded up 2.23% during mid-day trading on Monday, hitting $9.64. The stock had a trading volume of 1,206,593 shares. Nordic American Tanker has a 1-year low of $7.00 and a 1-year high of $12.61. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $9.39. The company’s market cap is $726.7 million.
Nordic American Tanker (NYSE:NAT) last released its earnings data 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. Analysts expect that Nordic American Tanker will post $-0.14 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Nordic American Tanker from a “sell” rating to a “hold” rating in a research note on Friday. Separately, analysts at EuroPacific Canada initiated coverage on shares of Nordic American Tanker in a research note on Thursday, May 29th. They set a “neutral” rating and a $8.00 price target on the stock. Finally, analysts at Eurobank EFG initiated coverage on shares of Nordic American Tanker in a research note on Thursday, May 29th. They set a “neutral” rating on the stock.
Nordic American Tankers Limited is an international tanker company. As of December 31, 2011, the Company owned 20 Suezmax tankers.
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