Can analysts adopt a bullish outlook for Nordic American Tankers Limited (NYSE:NAT)?

August 27, 2018 - By Darrel Chase

Nordic American Tankers Limited (NYSE:NAT) Ratings Coverage

Among 4 analysts covering Nordic American Tanker (NYSE:NAT), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Nordic American Tanker had 7 analyst reports since April 20, 2018 according to SRatingsIntel. Maxim Group initiated Nordic American Tankers Limited (NYSE:NAT) rating on Friday, June 15. Maxim Group has “Sell” rating and $100 target. The firm earned “Sell” rating on Wednesday, May 23 by Drewry Financial. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, April 25. Maxim Group maintained the stock with “Sell” rating in Monday, April 30 report. The firm has “Hold” rating given on Friday, April 20 by Jefferies. The firm has “Equal-Weight” rating given on Wednesday, July 18 by Morgan Stanley. The stock has “Sell” rating by Maxim Group on Thursday, May 17. Below is a list of Nordic American Tankers Limited (NYSE:NAT) latest ratings and price target changes.

18/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.25 New Target: $2.5 Maintain
15/06/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Initiate
23/05/2018 Broker: Drewry Financial Rating: Sell New Target: $1.7500 Maintain
17/05/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
30/04/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
25/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.5 New Target: $2.25 Maintain
20/04/2018 Broker: Jefferies Rating: Hold New Target: $2.5000 Maintain

The stock increased 1.78% or $0.04 during the last trading session, reaching $2.29. About 565,557 shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 66.58% since August 27, 2017 and is downtrending. It has underperformed by 79.15% the S&P500.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The company has market cap of $325.11 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

More news for Nordic American Tankers Limited (NYSE:NAT) were recently published by: Hellenicshippingnews.com, which released: “Nordic American Tankers (NYSE: NAT) – The 2nd Quarter 2018 report – A busy quarter” on August 14, 2018. Nasdaq.com‘s article titled: “New Research Coverage Highlights pdvWireless, Fortuna Silver Mines, Nordic American Tankers, Amarin, Himax …” and published on August 21, 2018 is yet another important article.

Nordic American Tankers Limited (NYSE:NAT) Ratings Chart

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