Nordic American Tankers Limited (NAT) Shares are Down -7.62%

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 -18.04% 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 -7.01% relative to the S&P 500. The 4-week change in the price of the stock is -18.21% and the stock has fallen -7.62% in the past 1 week.

The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 12.56% and the fifty day Moving Average is 20.79%. Nordic American Tankers Limited has dropped 32.07% during the last three month period . Year-to-Date the stock performance stands at -29.91%.

Nordic American Tankers Limited (NAT) : The consensus price target for Nordic American Tankers Limited (NAT) is $10.8 for the short term with a standard deviation of $2.86. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $7.


Nordic American Tankers Limited (NYSE:NAT): On Fridays trading session , Opening price of the stock was $10.28 with an intraday high of $10.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10. However, the stock managed to close at $10.06, a loss of 2.14% for the day. On the previous day, the stock had closed at $10.28. The total traded volume of the day was 2,408,993 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.