Nordic American Tankers Limited (NAT) Shares are Down -2.11%

Nordic American Tankers Limited (NAT) : During the past 4 weeks, traders have been relatively bearish on Nordic American Tankers Limited (NAT), hence the stock is down -12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.53% relative to the S&P 500. The 4-week change in the price of the stock is -9.81% and the stock has fallen -2.11% in the past 1 week.

Nordic American Tankers Limited (NYSE:NAT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.02 and $11.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.04, notching a gain of 0.25% for the day. The total traded volume was 1,144,921 . The stock had closed at $12.01 on the previous day.

The stock has recorded a 20-day Moving Average of 8.15% and the 50-Day Moving Average is 14.22%. Nordic American Tankers Limited has dropped 19.03% during the last 3-month period . Year-to-Date the stock performance stands at -17.83%.

Nordic American Tankers Limited (NAT) : 5 Wall Street analysts covering Nordic American Tankers Limited (NAT) believe that the average level the stock could reach for the short term is $12.6. The maximum price target given is $17 and the minimum target for short term is around $8, hence the standard deviation is calculated at $3.51.


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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