Impact of Brokerage Rating on Nordic American Tankers Limited(NAT)

Many Nordic American Tankers Limited(NAT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Nordic American Tanker Ltd was Initiated by Credit Suisse to Neutral on Jan 13, 2017. Nordic American Tanker Ltd was Initiated by Maxim Group on Dec 20, 2016 to Sell, Price Target of the shares are set at $7.

Nordic American Tanker Ltd Last issued its quarterly earnings results on Feb 6, 2017. The company reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.05. The company had revenue of $52.54 million for the quarter, compared to analysts expectations of $52.49 million. The companys revenue was down -32.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Nordic American Tankers Limited (NYSE:NAT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.5 by 6 Brokerage Firm. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Nordic American Tankers Limited (NYSE:NAT): 6 analysts have set the short term price target of Nordic American Tankers Limited (NYSE:NAT) at $8.42. The standard deviation of short term price target has been estimated at $1.5, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 11 and $7 respectively.

Tuesdays trading session turned out to be a no-profit no-loss event for Nordic American Tankers Limited (NYSE:NAT). The opening trade occurred at $8.4 and the highest and the lowest points of the day were $8.51 and $8.33 respectively. The final trade was registered at $8.46 and the volume by the end of the day had touched 926,645 shares. The 52-week high of the stock is $16.18 and the 52-week low is $7.57. According to the current valuation, the market cap of the company is $863 million and the total number of shares available in public circulation is 101,969,666.

NORDIC AMERICAN is engaged of acquiring, disposing, owning, leasing, and chartering three double hull Suezmax oil tankers.

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