Knightsbridge Tankers Limited Receives Average Rating of “Buy” from Brokerages (NASDAQ:VLCCF)
Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.
VLCCF has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Knightsbridge Tankers Limited in a research note on Wednesday. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Knightsbridge Tankers Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. Finally, analysts at Evercore Partners cut their price target on shares of Knightsbridge Tankers Limited from $16.00 to $15.00 in a research note on Wednesday, July 23rd.
Knightsbridge Tankers Limited (NASDAQ:VLCCF) opened at 12.35 on Wednesday. Knightsbridge Tankers Limited has a 52 week low of $7.21 and a 52 week high of $16.32. The stock has a 50-day moving average of $12.1 and a 200-day moving average of $12.87. The company has a market cap of $606.6 million and a P/E ratio of 18.48. Knightsbridge Tankers Limited also was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,093,106 shares, a growth of 37.4% from the July 31st total of 1,523,133 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 716,446 shares, the short-interest ratio is currently 2.9 days.
Knightsbridge Tankers Limited (NASDAQ:VLCCF) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11. On average, analysts predict that Knightsbridge Tankers Limited will post $0.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Thursday, August 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Tuesday, August 26th.
Knightsbridge Tankers Limited is an international shipping company specializing in the transportation of dry bulk cargoes.
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