Price Target Estimates for Nordic American Tankers Limited (NAT)

Price Target Estimates for Nordic American Tankers Limited (NAT)”

Wall Street analysts are predicting that Nordic American Tanker Shipping Ltd (NYSE:NAT) will report earnings per share of $-0.24 in their quarterly report.

Currently Nordic American Tanker Shipping Ltd (NYSE:NAT)'s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 24.7%. BlackRock Fund Advisors boosted its stake in Nordic American Tankers by 8.3% in the third quarter. Parametric Portfolio Associates LLC now owns 94,795 shares of the shipping company's stock worth $601,000 after acquiring an additional 38,631 shares in the last quarter. Wells Fargo & Company MN owned approximately 0.48% of Nordic American Tankers Limited worth $3,085,000 at the end of the most recent quarter.

These firms have modified their investment in NAT. Ubs Group Ag bolstered its stake by buying 345,121 shares an increase of 5,571.0% in the quarter. Schwab Charles Investment Management Inc. now owns 435,285 shares of the shipping company's stock worth $2,760,000 after acquiring an additional 138,574 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Nordic American Tankers Limited by 37.9% during the second quarter.

Previously Nordic American Tanker Shipping Ltd (NYSE:NAT) reported $-0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.15 by $-0.01. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.

TRADEMARK VIOLATION NOTICE: This story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

07/09/2014 - Canaccord Genuity began new coverage on Nordic American Tankers Limited giving the company a "sell" rating. If you are reading this story on another site, it was illegally stolen and reposted in violation of United States & global copyright and trademark legislation.

A number of other equities research analysts have also issued reports on the stock. The value of the investment in Nordic American Tankers Limited went from $8,000 to $7,000 a change of 12.5% for the reporting period. Maxim Group set a $5.00 price target on Nordic American Tankers Limited and gave the company a "sell" rating in a report on Saturday, July 22nd. Past 5 years growth of Nordic American Tanker Shipping Ltd (NYSE:NAT) observed at -86.13%, looking forward for the next 5 years it has a strong prediction of 5% over growth. The company presently has a consensus rating of "Hold" and a consensus target price of $6.42.

Shares are trading at $5.15 which is just a bit below $5.31, the 50 day moving average and which is quite a bit below the 200 day moving average of $6.18.

Clarkson Capital downgraded Nordic American Tankers from a "buy" rating to a "neutral" rating and decreased their price target for the company from $15.00 to $10.00 in a research note on Monday, October 3rd.

While considering growth estimates of the company, it has next quarter growth estimates of -50% whereas during current quarter it has -200% estimations over growth, comparing to the estimations of -225% during current year and 100% for next year. Nordic American Tankers Limited has a 52 week low of $4.41 and a 52 week high of $9.87. During the same period past year, the company earned $0.15 EPS. However the company reported $-0.08 earnings per share for the same quarter during a year ago.

In the last earnings report the EPS was $-0.67 and is projected to be $-0.45 for the current year with 101,969,000 shares now outstanding. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each.

Like this


21 October 2017
Man Forced to Spit And Lick as Punishment For Entering Sarpanch's House
According to News Nation, it is also alleged that the man was beaten up by the women in the house who even threw slippers at him. The panchayat chose to punish Thakur by making him lick his own spittle and being beaten up 25 times with slippers.

21 October 2017
National Pension Service Buys A Little More AvalonBay Communities, Inc. (AVB) Stock
The California-based Pacific Heights Asset Mgmt Limited Com has invested 1.83% in AvalonBay Communities Inc (NYSE: AVB ). On July 18 Barclays left the company rating at "Equal-Weight" but lowered the price expectation to $189.00 from $195.00.

21 October 2017
Devon Energy (DVN) At $34.93 Forms Bottom; Citizens (CIA) Sentiment Is 1.61
Shapiro Capital Management Llc decreased Fireeye Inc. 2923074 shares were traded on Devon Energy Corporation's last session. Pioneer Investment Management Inc increased Devon Energy Corporation ( DVN ) stake by 96.85% reported in 2017Q2 SEC filing.

21 October 2017
Nomura Lowers Chipotle Mexican Grill, Inc. (CMG) Price Target to $338.00
The company was maintained on Wednesday, February 3 by Barclays Capital. (NYSE:CMG) on Thursday, June 22 with "Buy" rating. BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st.

21 October 2017
Former Trump campaign manager meets with Senate intel
Senate intelligence committee investigators have spoken with several Russians who attended a June 2016 meeting with US President Donald Trump's son, the media reported.

21 October 2017
Caught on cam: Minor girl molested, collapses after man hits her brutally
The man has been identified as Imran Shahid Shaikh , who lives in the same building and reportedly her neighbour. The accused was arrested on the day of the incident, but later grated bail by a local court, police said.

21 October 2017
Singer Justine Skye takes a knee before Brooklyn Nets' NBA opener
The Nets put out a statement following the game that they were unaware the anthem performer was going to take a knee. Nets players locked arms while she sang.

21 October 2017
Shock after Mugabe named World Health Organization goodwill ambassador
Zimbabwe's leader has been frequently taken to task over human rights abuses by the European Union and the US. Robert Mugabe has been named a goodwill ambassador, on the issue of non-communicable diseases .

21 October 2017
Bungie Cancels Destiny 2's Trials For Two Weeks Because Of Glitches
Destiny 2 is now available on PlayStation 4 and Xbox One and will be heading to PC on 24th October. The Trials of the Nine should resume November 3, with the PC version of Destiny 2 out by then.

21 October 2017
Can people with HIV be 'legally' quarantined — Georgia lawmaker
In Tuesday's exchange Worlsey did not directly respond to Price's question regarding whether the state could legally quarantine HIV patients.