Nordic American Tankers (NYSE:NAT - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Friday,Benzinga reports. They currently have a $3.00 price target on the shipping company's stock. Jefferies Financial Group's price objective would indicate a potential upside of 18.81% from the stock's current price.
Separately, StockNews.com cut Nordic American Tankers from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th.
Check Out Our Latest Report on NAT
Nordic American Tankers Stock Up 2.6 %
NAT traded up $0.07 during trading on Friday, reaching $2.53. The stock had a trading volume of 3,438,623 shares, compared to its average volume of 2,481,573. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $527.21 million, a price-to-earnings ratio of 8.71 and a beta of -0.31. The stock's 50 day moving average is $2.66 and its two-hundred day moving average is $3.08. Nordic American Tankers has a one year low of $2.41 and a one year high of $4.40.
Nordic American Tankers (NYSE:NAT - Get Free Report) last issued its quarterly earnings results on Friday, November 29th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. As a group, analysts expect that Nordic American Tankers will post 0.24 earnings per share for the current year.
Institutional Trading of Nordic American Tankers
Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nordic American Tankers by 26.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,213 shares of the shipping company's stock worth $122,000 after buying an additional 6,940 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Nordic American Tankers by 67.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 83,638 shares of the shipping company's stock worth $317,000 after acquiring an additional 33,810 shares during the last quarter. Philip James Wealth Mangement LLC bought a new position in Nordic American Tankers in the 3rd quarter valued at approximately $4,069,000. Sigma Planning Corp purchased a new stake in Nordic American Tankers during the 3rd quarter valued at $108,000. Finally, Apollon Wealth Management LLC increased its holdings in shares of Nordic American Tankers by 268.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 122,991 shares of the shipping company's stock worth $451,000 after purchasing an additional 89,577 shares in the last quarter. 44.29% of the stock is owned by hedge funds and other institutional investors.
About Nordic American Tankers
(
Get Free Report)
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 20 Suezmax crude oil tankers. The company was incorporated in 1995 and is headquartered in Hamilton, Bermuda.
Read More
Before you consider Nordic American Tankers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nordic American Tankers wasn't on the list.
While Nordic American Tankers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
