Nordic American Tanker Coverage Initiated by Analysts at Canaccord Genuity (NAT)
Several other analysts have also 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, June 20th. 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. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.30.
Nordic American Tanker (NYSE:NAT) traded down 0.11% on Tuesday, hitting $9.08. 1,343,354 shares of the company’s stock traded hands. Nordic American Tanker has a 52 week low of $7.59 and a 52 week high of $12.61. The stock’s 50-day moving average is $8.82 and its 200-day moving average is $9.51. The company’s market cap is $684.5 million.
Nordic American Tanker (NYSE:NAT) last released its earnings data on Monday, May 12th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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.
Nordic American Tankers Limited is an international tanker company. As of December 31, 2011, the Company owned 20 Suezmax tankers.
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