Is there a Bearish outlook for Nordic American Tankers Limited (NYSE:NAT) this week?

September 30, 2018 - By Robert Shackelford

Nordic American Tankers Limited (NYSE:NAT) Ratings Coverage

Among 5 analysts covering Nordic American Tanker (NYSE:NAT), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Nordic American Tanker had 8 analyst reports since April 20, 2018 according to SRatingsIntel. The rating was maintained by Maxim Group with “Sell” on Monday, April 30. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, July 18. Drewry Financial maintained Nordic American Tankers Limited (NYSE:NAT) rating on Wednesday, May 23. Drewry Financial has “Sell” rating and $1.7500 target. The rating was maintained by Maxim Group with “Sell” on Thursday, May 17. The stock of Nordic American Tankers Limited (NYSE:NAT) earned “Hold” rating by Jefferies on Friday, April 20. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Equal-Weight” rating given on Wednesday, April 25 by Morgan Stanley. Maxim Group initiated Nordic American Tankers Limited (NYSE:NAT) rating on Friday, June 15. Maxim Group has “Sell” rating and $100 target. Below is a list of Nordic American Tankers Limited (NYSE:NAT) latest ratings and price target changes.

27/09/2018 Broker: BTIG Research Rating: Neutral Initiates Coverage On
18/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.25 New Target: $2.5 Maintain
15/06/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Initiate
23/05/2018 Broker: Drewry Financial Rating: Sell New Target: $1.7500 Maintain
17/05/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
30/04/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
25/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.5 New Target: $2.25 Maintain
20/04/2018 Broker: Jefferies Rating: Hold New Target: $2.5000 Maintain

It closed at $2.09 lastly. It is down 62.03% since September 30, 2017 and is downtrending. It has underperformed by 77.65% the S&P500.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The company has market cap of $296.72 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

Another recent and important Nordic American Tankers Limited (NYSE:NAT) news was published by Streetinsider.com which published an article titled: “BTIG Starts Nordic American Tanker Shipping Ltd. (NAT) at Neutral” on September 27, 2018.

Nordic American Tankers Limited (NYSE:NAT) Ratings Chart

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