Were Analysts Bearish Nordic American Tankers Limited (NYSE:NAT) This Week?

The firm has "Sell" rating given on Monday, September 25 by Jefferies. Nordic American Tanker Shipping had 22 analyst reports since August 12, 2015 according to SRatingsIntel. For the next financial year, analysts forecast that the firm will post sales of $236.30 million per share, with estimates ranging from $179.91 million to $279.10 million. Greylin Investment Mangement Inc. increased its position in Nordic American Tanker by 1.9% in the first quarter.

NAT has been the subject of a number of research reports. As per Tuesday, May 10, the company rating was downgraded by Jefferies.

Zacks Investment Research raised shares of Nordic American Tanker from a "sell" rating to a "hold" rating in a report on Saturday, December 2nd. The company was maintained on Monday, April 24 by Maxim Group. The stock of Nordic American Tankers Limited (NYSE:NAT) has "Sell" rating given on Monday, April 3 by Jefferies. The company presently has an average rating of Hold and a consensus target price of $7.42. The firm owned 4,499,379 shares of the shipping company's stock after selling 422,800 shares during the period. First Eagle Investment Management LLC bought a new position in Nordic American Tanker during the 3rd quarter valued at about $886,000. Finally, State Street Corp lifted its holdings in Nordic American Tanker by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 58,327 shares of the shipping company's stock worth $477,000 after buying an additional 469 shares in the last quarter. Below is a list of Nordic American Tankers Limited (NYSE:NAT) latest ratings and price target changes. About 738,169 shares traded. More interesting news about Nordic American Tankers Limited (NYSE:NAT) were released by: Finance.Yahoo.com and their article: "Implied Volatility Surging for Nordic American Tankers (NAT) Stock Options" published on November 17, 2017 as well as Globenewswire.com's news article titled: "Nordic American Tankers Limited (NYSE:NAT) - Full Financing of the Three ..." with publication date: December 01, 2017. The company has a market cap of $374.15, a P/E ratio of 91.75 and a beta of 0.88. Shareholders of record on Monday, May 22nd were paid a dividend of $0.20 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.27%. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws.

Nordic American Tankers Limited is an global tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. It operates a fleet of 33 Suezmax crude oil tankers.