Analyst Rating Update on Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NAT) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

Nordic American Tankers Limited (NAT) : The highest short term price target forecast on Nordic American Tankers Limited (NAT) is $17 and the lowest target price is $8. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $12.6 with a standard deviation of $3.51.

The shares have received a consensus rating of Sell for the current week


Nordic American Tankers Limited (NYSE:NAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.80 and $11.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.06, notching a gain of 1.86% for the day. The total traded volume was 1,278,029 . The stock had closed at $11.84 on the previous day.

Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers, two of which are newbuildings averaging approximately 156,000 deadweight tonnage (dwt) each. The Companys subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Companys Suezmax tankers are interchangeable assets within the Orion Tankers pool. NATs vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Vega, Nordic Breeze, Nordic Aurora, Nordic Zenith and Nordic Sprinter. The Companys vessels were built in the yards of various companies, such as Samsung Heavy Industries Co., Ltd, Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding and Marine Engineering S.A., Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.

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