Shares of Nordic American Tankers Limited (NYSE:NAT) have received an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.90.

A number of brokerages have weighed in on NAT. Jefferies Group LLC reiterated a “sell” rating and set a $5.00 price target on shares of Nordic American Tankers Limited in a report on Monday, July 17th. Zacks Investment Research downgraded Nordic American Tankers Limited from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Evercore ISI downgraded Nordic American Tankers Limited from an “in-line” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $5.00 in a report on Friday, July 21st. Maxim Group set a $5.00 price target on Nordic American Tankers Limited and gave the stock a “sell” rating in a report on Saturday, July 22nd. Finally, BidaskClub downgraded Nordic American Tankers Limited from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

Several institutional investors and hedge funds have recently modified their holdings of NAT. Nationwide Fund Advisors grew its stake in shares of Nordic American Tankers Limited by 0.8% in the 1st quarter. Nationwide Fund Advisors now owns 58,327 shares of the shipping company’s stock valued at $477,000 after buying an additional 469 shares during the period. Wells Fargo & Company MN grew its stake in shares of Nordic American Tankers Limited by 86.8% in the 1st quarter. Wells Fargo & Company MN now owns 408,783 shares of the shipping company’s stock valued at $3,344,000 after buying an additional 189,905 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Nordic American Tankers Limited in the 1st quarter valued at about $118,000. Parametric Portfolio Associates LLC grew its stake in shares of Nordic American Tankers Limited by 8.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 56,164 shares of the shipping company’s stock valued at $459,000 after buying an additional 4,220 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Nordic American Tankers Limited by 31.6% in the 1st quarter. Stifel Financial Corp now owns 33,837 shares of the shipping company’s stock valued at $277,000 after buying an additional 8,123 shares during the period. Institutional investors own 23.18% of the company’s stock.

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Shares of Nordic American Tankers Limited (NYSE:NAT) traded up 1.11% during trading on Thursday, reaching $5.46. The company’s stock had a trading volume of 556,590 shares. Nordic American Tankers Limited has a 12 month low of $4.41 and a 12 month high of $9.88. The firm’s market cap is $556.75 million. The stock’s 50 day moving average price is $5.25 and its 200-day moving average price is $6.22.

Nordic American Tankers Limited (NYSE:NAT) last issued its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). Nordic American Tankers Limited had a return on equity of 0.25% and a net margin of 0.06%. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $42.47 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was down 29.2% on a year-over-year basis. Equities analysts predict that Nordic American Tankers Limited will post ($0.40) EPS for the current year.

Nordic American Tankers Limited Company Profile

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.

Analyst Recommendations for Nordic American Tankers Limited (NYSE:NAT)

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