Analyst Rating Update on Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NYSE:NAT) : The consensus on Nordic American Tankers Limited (NYSE:NAT) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Nordic American Tankers Limited (NYSE:NAT).

Nordic American Tankers Limited (NYSE:NAT) : 5 Wall Street analysts covering Nordic American Tankers Limited (NYSE:NAT) believe that the average level the stock could reach for the short term is $13.2. The maximum price target given is $17 and the minimum target for short term is around $10, hence the standard deviation is calculated at $3.11.

Company shares have received an average consensus rating of Hold for the current week Also, Jefferies downgrades its view on Nordic American Tankers Limited (NYSE:NAT) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. Jefferies lowers the price target from $12 per share to $10 per share on Nordic American Tankers Limited. The rating by the firm was issued on May 10, 2016.

Nordic American Tankers Limited (NYSE:NAT): stock turned positive on Tuesday. Though the stock opened at $14.06, the bulls momentum made the stock top out at $14.21 level for the day. The stock recorded a low of $13.91 and closed the trading day at $14.06, in the green by 2.03%. The total traded volume for the day was 1,004,754. The stock had closed at $13.78 in the previous days trading.

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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