Nordic American Tanker Shipping (NAT) Downgraded by Zacks Investment Research to “Underperform”
Equities research analysts at Zacks Investment Research downgraded shares of Nordic American Tanker Shipping (NYSE: NAT) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday.
Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) downgraded shares of Nordic American Tanker Shipping from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, January 21st. They now have a $22.00 price target on the stock. Also, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Nordic American Tanker Shipping in a research note to investors on Friday, December 10th. They set a “buy” rating and a $29.00 price target on the stock. They believe the company will be able to expand its dividend overtime.
Shares of Nordic American Tanker Shipping traded down 0.68% during mid-day trading on Thursday, hitting $23.25. Nordic American Tanker Shipping has a 52 week low of $23.26 and a 52 week high of $32.39. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $25.69. The company has a market cap of $1.090 billion.
Nordic American Tanker Shipping Limited is an international tanker company that owns 20 double-hull Suezmax tankers, including four newbuilding vessels, averaging approximately 157,000 deadweight (dwt) each. The Company operates 14 of the 16 existing vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. It also operates two of the 16 existing vessels on bareboat charters. The Company’s fleet consists of 20 modern double-hull Suezmax tankers, of which four are newbuildings. The Company operates various vessels, including Gulf Scandic, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Discovery, Nordic Saturn, Nordic Grace, Nordic Moon, Nordic Mistral, Nordic Sprite, Nordic Fighter, Nordic Cosmos, Nordic Passat and Nordic Vega.
americanbankingnews.com |
