Nordic American Tankers (NYSE:NAT – Get Free Report)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $4.00 price target on the shipping company’s stock. Jefferies Financial Group’s price target points to a potential upside of 10.04% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Evercore ISI dropped their target price on shares of Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th.
View Our Latest Report on Nordic American Tankers
Nordic American Tankers Stock Up 0.7 %
Nordic American Tankers (NYSE:NAT – Get Free Report) last posted its earnings results on Tuesday, September 3rd. The shipping company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $66.10 million during the quarter, compared to analysts’ expectations of $54.34 million. Nordic American Tankers had a net margin of 26.35% and a return on equity of 11.56%. During the same quarter last year, the company posted $0.13 EPS. Research analysts anticipate that Nordic American Tankers will post 0.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nordic American Tankers
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Nordic American Tankers during the 2nd quarter valued at about $25,000. Diversify Advisory Services LLC purchased a new stake in Nordic American Tankers during the 1st quarter valued at approximately $41,000. B. Riley Wealth Advisors Inc. purchased a new stake in Nordic American Tankers during the 1st quarter valued at approximately $45,000. SG Americas Securities LLC bought a new position in shares of Nordic American Tankers during the 1st quarter valued at approximately $47,000. Finally, Bluefin Capital Management LLC bought a new position in shares of Nordic American Tankers during the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 44.29% of the company’s stock.
About Nordic American Tankers
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.
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