Nordic American Tankers Limited (NYSE: NAT) recently received a number of ratings updates from brokerages and research firms:

  • 8/5/2017 – Nordic American Tankers Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. “
  • 7/24/2017 – Nordic American Tankers Limited was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/22/2017 – Nordic American Tankers Limited was given a new $5.00 price target on by analysts at Maxim Group. They now have a “sell” rating on the stock.
  • 7/21/2017 – Nordic American Tankers Limited was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating. They now have a $5.00 price target on the stock, down previously from $6.00.
  • 7/20/2017 – Nordic American Tankers Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. “
  • 7/17/2017 – Nordic American Tankers Limited had its “sell” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $5.00 price target on the stock.
  • 7/12/2017 – Nordic American Tankers Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. “
  • 6/27/2017 – Nordic American Tankers Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers. “

Shares of Nordic American Tankers Limited (NAT) traded down 0.35% during trading on Monday, hitting $5.69. The stock had a trading volume of 393,735 shares. The company’s market capitalization is $580.20 million. Nordic American Tankers Limited has a 1-year low of $5.47 and a 1-year high of $12.52. The firm has a 50 day moving average of $6.10 and a 200 day moving average of $7.40.

The firm also recently disclosed a dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 10th. Nordic American Tankers Limited’s dividend payout ratio (DPR) is presently 4,000.00%.

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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