Nordic American Tankers (NYSE:NAT – Get Free Report) had its price objective decreased by investment analysts at Jefferies Financial Group from $4.00 to $3.50 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the shipping company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 14.01% from the stock’s current price.
Several other brokerages also recently issued reports on NAT. StockNews.com downgraded Nordic American Tankers from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI reduced their price objective on Nordic American Tankers from $4.50 to $4.00 and set an “in-line” rating for the company in a research report on Friday, August 30th.
View Our Latest Stock Report on Nordic American Tankers
Nordic American Tankers Stock Down 0.3 %
Nordic American Tankers (NYSE:NAT – Get Free Report) last posted its earnings results on Tuesday, September 3rd. The shipping company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $66.10 million for the quarter, compared to the consensus estimate of $54.34 million. Nordic American Tankers had a net margin of 26.35% and a return on equity of 11.60%. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, equities analysts anticipate that Nordic American Tankers will post 0.32 earnings per share for the current fiscal year.
Institutional Trading of Nordic American Tankers
Several institutional investors have recently modified their holdings of NAT. Russell Investments Group Ltd. lifted its position in Nordic American Tankers by 36,804.9% in the first quarter. Russell Investments Group Ltd. now owns 620,371 shares of the shipping company’s stock worth $2,432,000 after purchasing an additional 618,690 shares during the period. Philip James Wealth Mangement LLC bought a new position in shares of Nordic American Tankers during the 3rd quarter worth about $4,069,000. Dimensional Fund Advisors LP boosted its position in shares of Nordic American Tankers by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,606,339 shares of the shipping company’s stock valued at $46,195,000 after acquiring an additional 621,588 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in Nordic American Tankers in the first quarter valued at about $2,443,000. Finally, Vanguard Group Inc. raised its position in Nordic American Tankers by 19.6% in the first quarter. Vanguard Group Inc. now owns 1,682,487 shares of the shipping company’s stock worth $6,595,000 after purchasing an additional 275,707 shares in the last quarter. Institutional investors and hedge funds own 44.29% of the company’s stock.
Nordic American Tankers Company Profile
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.
Featured Stories
- Five stocks we like better than Nordic American Tankers
- What is a Stock Market Index and How Do You Use Them?
- 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Mouse Rising: The Iger Investment Pays Off for Disney Investors
- What Are the U.K. Market Holidays? How to Invest and Trade
- Can CAVA Stock Be the Next Chipotle? Earnings Can Help
Receive News & Ratings for Nordic American Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic American Tankers and related companies with MarketBeat.com's FREE daily email newsletter.