In a report released today, James Jang from Maxim Group maintained a Sell rating on Nordic American Tanker (NAT), with a price target of $1. The company’s shares opened today at $3.22.
Jang said:
“Nordic American Tankers (NAT) reported 3Q18 results this morning before the open which were well below expectations. NAT reported a miss on the top-, and bottom-lines, with revenues of $23.2M, and operating loss of ($0.26).”
According to TipRanks.com, Jang is a 5-star analyst with an average return of 15.3% and a 48.7% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping, and Pyxis Tankers Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Nordic American Tanker with a $2.48 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $4.38 and a one-year low of $1.82. Currently, Nordic American Tanker has an average volume of 1.07M.
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.
