Shares of Nordic American Tankers Ltd. (NYSE:NAT) have earned an average recommendation of “Hold” from the seven analysts that are covering the stock. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.70.

A number of research analysts have recently commented on NAT shares. ABN Amro cut shares of Nordic American Tankers from a “buy” rating to a “sell” rating in a research report on Thursday, June 30th. Vetr raised shares of Nordic American Tankers from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, June 29th. Jefferies Group reaffirmed a “sell” rating on shares of Nordic American Tankers in a report on Tuesday, September 6th. Zacks Investment Research cut shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Clarkson Capital cut shares of Nordic American Tankers from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $10.00 in a report on Monday, October 3rd.

Shares of Nordic American Tankers (NYSE:NAT) traded down 4.04% during mid-day trading on Tuesday, hitting $9.51. 2,261,516 shares of the stock traded hands. The stock has a market cap of $849.42 million, a P/E ratio of 8.65 and a beta of 1.05. Nordic American Tankers has a 12-month low of $9.43 and a 12-month high of $17.02. The firm’s 50 day moving average price is $10.35 and its 200-day moving average price is $13.08.

Nordic American Tankers (NYSE:NAT) last posted its earnings results on Monday, August 8th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Nordic American Tankers had a net margin of 34.79% and a return on equity of 11.28%. During the same quarter in the previous year, the company earned $0.35 EPS. Analysts predict that Nordic American Tankers will post $0.64 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Arlington Capital Management Inc. boosted its stake in shares of Nordic American Tankers by 44.1% in the second quarter. Arlington Capital Management Inc. now owns 145,272 shares of the company’s stock worth $2,018,000 after buying an additional 44,453 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Nordic American Tankers by 90.9% in the second quarter. Bank of New York Mellon Corp now owns 1,158,340 shares of the company’s stock worth $16,090,000 after buying an additional 551,470 shares during the period. Capital Fund Management S.A. boosted its stake in shares of Nordic American Tankers by 56.8% in the second quarter. Capital Fund Management S.A. now owns 88,282 shares of the company’s stock worth $1,226,000 after buying an additional 31,990 shares during the period. Bank of Montreal Can acquired a new stake in shares of Nordic American Tankers during the second quarter worth $724,000. Finally, Murphy Capital Management Inc. boosted its stake in shares of Nordic American Tankers by 9.2% in the second quarter. Murphy Capital Management Inc. now owns 15,400 shares of the company’s stock worth $213,000 after buying an additional 1,300 shares during the period. 29.31% of the stock is currently owned by institutional investors.

Nordic American Tankers Company Profile

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 30 vessels. The Company’s Suezmaxes tankers can carry over one million barrels of oil. The vessels in the Company’s fleet are homogenous and interchangeable. The Company’s vessels are employed in the spot market.

5 Day Chart for NYSE:NAT

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