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Equities researchers at Canaccord Genuity assumed coverage on shares of Nordic American Tanker (NYSE:NAT) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.

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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