Today Maxim Group Reconfirms a Sell Rating on Nordic American Tanker (NYSE:NAT) and a $1.0000 Target Price

May 18, 2018 - By Robert Sims

Nordic American Tanker (NYSE:NAT) Rating Reaffirmed

New York: In a report revealed to clients on Thursday, 17 May, Maxim Group maintained their Sell rating on Nordic American Tanker (NYSE:NAT) shares. They now have a $1.0000 price target on the company. Maxim Group’s target would suggest a potential downside of -54.75 % from the company’s current stock price.

Nordic American Tankers Limited (NYSE:NAT) Ratings Coverage

Among 5 analysts covering Nordic American Tankers (NYSE:NAT), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Nordic American Tankers has $3.0 highest and $100 lowest target. $2.05’s average target is -7.24% below currents $2.21 stock price. Nordic American Tankers had 10 analyst reports since December 14, 2017 according to SRatingsIntel. Jefferies maintained the shares of NAT in report on Friday, April 20 with “Hold” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, April 25. The rating was maintained by Seaport Global with “Hold” on Thursday, January 4. The firm has “Neutral” rating given on Tuesday, February 13 by Credit Suisse. The firm has “Sell” rating given on Friday, February 9 by Maxim Group. Seaport Global maintained Nordic American Tankers Limited (NYSE:NAT) rating on Monday, February 12. Seaport Global has “Hold” rating and $2.5 target. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) rating on Monday, April 30. Maxim Group has “Sell” rating and $100 target. The firm earned “Hold” rating on Thursday, December 14 by Jefferies. The firm has “Sell” rating by Maxim Group given on Thursday, December 14. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, February 12.

The stock increased 7.80% or $0.16 during the last trading session, reaching $2.21. About 2.70 million shares traded or 131.13% up from the average. Nordic American Tankers Limited (NYSE:NAT) has declined 75.38% since May 18, 2017 and is downtrending. It has underperformed by 86.93% 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 $313.75 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

More important recent Nordic American Tankers Limited (NYSE:NAT) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on Churchill Downs, Nordic American Tankers, News Corporation, Aduro …” on May 17, 2018, also Globenewswire.com published article titled: “Nordic American Tankers Limited (NYSE:NAT) – Dividend to remain a priority. We are optimistic on tanker market …”, Globenewswire.com published: “Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Dividend to be prioritized” on May 03, 2018. More interesting news about Nordic American Tankers Limited (NYSE:NAT) was released by: Globenewswire.com and their article: “Nordic American Tankers (NYSE:NAT) – The 1st Quarter 2018 report – Dividend is a priority – Solid prospects” with publication date: May 16, 2018.

Nordic American Tankers Limited (NYSE:NAT) Ratings Chart

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