Research Analysts Offer Predictions for Nordic American Tanker Ltd’s FY2019 Earnings (NAT)

Nordic American Tanker Ltd (NYSE:NAT) – Research analysts at Seaport Global Securities issued their FY2019 earnings per share estimates for shares of Nordic American Tanker in a note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr forecasts 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.

A number of other equities research analysts have also commented on NAT. Zacks Investment Research lowered Nordic American Tanker from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. 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 report on Monday, October 23rd. Morgan Stanley lowered their price target on Nordic American Tanker from $6.50 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Jefferies Group raised Nordic American Tanker from an “underperform” rating to a “hold” rating and set a $3.00 price target for the company in a research report on Thursday, December 14th. Finally, ValuEngine lowered Nordic American Tanker from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.86.

Nordic American Tanker (NYSE NAT) traded up $0.11 during midday trading on Monday, reaching $2.63. The company had a trading volume of 2,080,000 shares, compared to its average volume of 2,870,000. The stock has a market cap of $373.32, a price-to-earnings ratio of -2.89 and a beta of 0.89. Nordic American Tanker has a twelve month low of $2.45 and a twelve month high of $9.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.52 and a quick ratio of 2.71.

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Nordic American Tanker by 37.9% during the 2nd quarter. Principal Financial Group Inc. now owns 16,198 shares of the shipping company’s stock valued at $103,000 after purchasing an additional 4,454 shares during the last quarter. Airain ltd increased its position in shares of Nordic American Tanker by 79.8% during the 2nd quarter. Airain ltd now owns 27,613 shares of the shipping company’s stock valued at $175,000 after purchasing an additional 12,256 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Nordic American Tanker during the 3rd quarter valued at $158,000. Belpointe Asset Management LLC purchased a new stake in shares of Nordic American Tanker during the 3rd quarter valued at $241,000. Finally, Voya Investment Management LLC increased its position in shares of Nordic American Tanker by 14.0% during the 2nd quarter. Voya Investment Management LLC now owns 46,032 shares of the shipping company’s stock valued at $292,000 after purchasing an additional 5,659 shares during the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Research Analysts Offer Predictions for Nordic American Tanker Ltd’s FY2019 Earnings (NAT)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/10/research-analysts-offer-predictions-for-nordic-american-tanker-ltds-fy2019-earnings-nat.html.

About Nordic American Tanker

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.

Receive News & Ratings for Nordic American Tanker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tanker and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit