Nordic American Tankers Limited (NYSE:NAT) Analyst Rating Consensus

Nordic American Tankers Limited (NYSE:NAT) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.8 by 5 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Jefferies downgrades its ratings on Nordic American Tankers Limited (NYSE:NAT). In the latest research report, Jefferies lowers the target price from $12 per share to $10 per share. According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 10, 2016.

Nordic American Tankers Limited (NYSE:NAT): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $13.4 in Nordic American Tankers Limited (NYSE:NAT). However, the stock price could fluctuate by $ 3.05 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $17 price target with the lower price estimate is calculated at $10

Nordic American Tankers Limited (NYSE:NAT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.34% or 0.05 points. After the session commenced at $14.61, the stock reached the higher end at $14.84 while it hit a low of $14.44. With the volume soaring to 1,153,089 shares, the last trade was called at $14.46. The company has a 52-week high of $17.45. The company has a market cap of $1,290 million and there are 89,182,001 shares in outstanding. The 52-week low of the share price is $9.94.

Nordic American Tankers Limited has dropped 1.5% in the last five trading days, however, the shares have posted positive gains of 3.58% in the last 4 weeks. Nordic American Tankers Limited is up 1.5% in the last 3-month period. Year-to-Date the stock performance stands at -1.32%.

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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