Nordic American Tanker Ltd (NYSE:NAT) – Analysts at Seaport Global Securities issued their FY2019 EPS estimates for Nordic American Tanker in a note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr anticipates that the shipping company will post earnings per share of ($0.15) for the year. Seaport Global Securities currently has a “Hold” rating and a $3.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Nordic American Tanker from a “hold” rating to a “sell” rating in a research note on Tuesday. Maxim Group reissued a “sell” rating and issued a $3.00 price target (down from $4.00) on shares of Nordic American Tanker in a research note on Monday, October 23rd. Morgan Stanley decreased their price target on shares of Nordic American Tanker from $6.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th. Jefferies Group raised shares of Nordic American Tanker from an “underperform” rating to a “hold” rating and set a $3.00 price target on the stock in a research note on Thursday, December 14th. Finally, ValuEngine downgraded shares of Nordic American Tanker from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.86.

Nordic American Tanker (NAT) traded up $0.11 during trading hours on Monday, hitting $2.63. 2,080,000 shares of the stock traded hands, compared to its average volume of 2,870,000. The company has a current ratio of 3.52, a quick ratio of 2.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $373.32, a P/E ratio of -2.89 and a beta of 0.89. Nordic American Tanker has a 12-month low of $2.45 and a 12-month high of $9.39.

A number of hedge funds have recently modified their holdings of NAT. Principal Financial Group Inc. raised its stake in Nordic American Tanker by 37.9% during the second quarter. Principal Financial Group Inc. now owns 16,198 shares of the shipping company’s stock worth $103,000 after purchasing an additional 4,454 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Nordic American Tanker during the third quarter worth about $158,000. Airain ltd raised its stake in Nordic American Tanker by 79.8% during the second quarter. Airain ltd now owns 27,613 shares of the shipping company’s stock worth $175,000 after purchasing an additional 12,256 shares during the period. Belpointe Asset Management LLC purchased a new position in Nordic American Tanker during the third quarter worth about $241,000. Finally, Voya Investment Management LLC raised its stake in Nordic American Tanker by 14.0% during the second quarter. Voya Investment Management LLC now owns 46,032 shares of the shipping company’s stock worth $292,000 after purchasing an additional 5,659 shares during the period. 16.93% of the stock is currently owned by institutional investors.

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Nordic American Tanker Company Profile

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

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