Maxim Group analyst James Jang maintained a Sell rating on Nordic American Tanker (NAT) today and set a price target of $1.25. The company’s shares closed on Friday at $1.82, close to its 52-week low of $1.81.
Jang observed:
“Ahead of earnings results due Tuesday, 2/19, we are raising our revenue, EBITDA and EPS estimates.”
According to TipRanks.com, Jang is a 2-star analyst with an average return of 0.9% and a 33.1% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Dynagas LNG Partners LP, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nordic American Tanker with a $2 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $3.47 and a one-year low of $1.81. Currently, Nordic American Tanker has an average volume of 1.44M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
