Nordic American Tanker (NAT) Receives a Hold from Seaport Global


Seaport Global analyst Magnus Fyhr reiterated a Hold rating on Nordic American Tanker (NYSE: NAT) on August 15 and set a price target of $2. The company’s shares closed yesterday at $2.07, close to its 52-week low of $1.82.

According to TipRanks.com, Fyhr is a 2-star analyst with an average return of 0.9% and a 36.7% success rate. Fyhr covers the Services sector, focusing on stocks such as Ship Finance International, Golden Ocean Group Limited, and Star Bulk Carriers.

Nordic American Tanker has an analyst consensus of Moderate Sell, with a price target consensus of $1.58.

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Based on Nordic American Tanker’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $27.19 million. In comparison, last year the company had a GAAP net loss of $15.9 million.

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Nordic American Tankers Ltd. is a tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.

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