Nordic American Tankers (NYSE:NAT) Earns “Hold” Rating from Jefferies Financial Group

Nordic American Tankers (NYSE:NAT)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $3.00 price target on the shipping company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 21.21% from the company’s previous close.

Separately, StockNews.com lowered shares of Nordic American Tankers from a “hold” rating to a “sell” rating in a research report on Thursday.

Nordic American Tankers Stock Up 0.6 %

Shares of Nordic American Tankers stock traded up $0.02 on Friday, hitting $2.48. The company had a trading volume of 754,838 shares, compared to its average volume of 2,780,396. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.56 and a current ratio of 0.73. The stock has a 50 day moving average of $2.66 and a 200-day moving average of $3.10. Nordic American Tankers has a 1 year low of $2.41 and a 1 year high of $4.40. The stock has a market capitalization of $516.77 million, a price-to-earnings ratio of 8.50 and a beta of -0.31.

Nordic American Tankers (NYSE:NAT) last issued its quarterly earnings results on Friday, November 29th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Nordic American Tankers had a net margin of 26.41% and a return on equity of 11.95%. As a group, sell-side analysts forecast that Nordic American Tankers will post 0.24 earnings per share for the current year.

Institutional Trading of Nordic American Tankers

A number of institutional investors have recently added to or reduced their stakes in NAT. Sequoia Financial Advisors LLC purchased a new stake in shares of Nordic American Tankers in the fourth quarter worth about $26,000. Summit Financial LLC bought a new position in Nordic American Tankers in the 4th quarter valued at $32,000. Avantax Advisory Services Inc. purchased a new position in shares of Nordic American Tankers during the 4th quarter valued at $33,000. Raymond James Trust N.A. bought a new position in shares of Nordic American Tankers in the third quarter worth $37,000. Finally, AXQ Capital LP bought a new position in shares of Nordic American Tankers in the fourth quarter worth $43,000. Hedge funds and other institutional investors 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.